Payroll Manager, Canada

Payroll Manager

Morningstar's Corporate Finance team plays an essential role in supporting our company's strategic initiatives, day-to-day operations, and long-term financial health and growth. Our Payroll team plays a critical role in maintaining employee satisfaction and trust by ensuring employees are being compensated accurately and on time. Maintaining compliance with tax regulations and labor laws is also an important role of this group. The team works collaboratively with our internal and external partners to expertly execute payroll processes and to continuously improve.

The Role

The Payroll Manager will be responsible for overseeing all functions and deliverables associated with processing payroll and ensuring compliance with applicable legislation for Canada and applicable provinces. The role will be based in Chicago, reporting to the Americas Senior Payroll Manager. This is a hands-on role that requires proactive analytical capabilities, an in-depth knowledge of payroll and benefits, and a mindset focused on process improvement and efficiencies. This position works closely with the People and Culture (HR) team, Canada Finance team, IT Team supporting payroll, and the ADP payroll service provider.

Job Responsibilities

• Serve as the Canada payroll subject matter expert and lead.
• Lead, manage, develop and mentor a Payroll Specialist.
• Supervise the preparation and submission of semi-monthly payrolls including reviewing and approving payroll reconciliations in-line with procedures, policies, and SOX (Sarbanes-Oxley) controls.
• Review monthly payrolls for certain non-Canadian jurisdictions (United Kingdom, Germany, and Spain) associated with our credit ratings business, including preparation of payroll related journal entries (i.e. vacation accruals, P11D, etc.).
• Assess and resolve escalated payroll issues and discrepancies.
• Maintain payroll processes, procedures, and controls ensuring up to date as business / processes evolve.
• Lead and review the year end payroll calculations, reconciliations, filings (T4's, T4A's, Relev1, T2200, EHT, CNESST, Alberta Worker Comp, Worksafe BC, etc.) to ensure issued in accordance with CRA (Canada Revenue Agency) and other regulatory requirements, including other jurisdictions (i.e. United Kingdom [P60's, P11D's], Germany, and Spain).
• Own and maintain payroll SOX compliance, design of internal controls, and process maps.
• Perform quarterly ADP WFN user access reviews.
• Lead and manage any payroll audits that may arise because of regulatory, internal, and external audits.
• Stay current on the latest regulatory changes with respect to payroll and benefits to ensure payroll policy adherence and compliance per province.
• Ensure an environment of continuous improvement is maintained to sustain maximum efficiency by researching, recommending, and implementing new or enhanced policies, procedures, and processes to improve operational effectiveness.
• Work closely with the People and Culture team in all compensation and benefit related developments, ensuring all changes are communicated to the relevant stakeholders in a timely manner.
• Perform other projects as assigned.

Qualifications

Compensation and Benefits

At Morningstar, we believe people are at their best when they are at their healthiest. That's why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide :

75% 401k match up to 7%

Comprehensive health benefits (medical / dental / vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages

Trust-Based Time Off

Charitable Matching Gifts program

Total Cash Compensation Range

$121,400.00 - 218,525.00 USD Annual

Inclusive of annual base salary and target incentive

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.