Payroll Administrator

WellCare Insurance Corporation is a growing company where your contributions will make a difference. As our company continues to grow, we are seeking a Payroll Administrator to manage and optimize our payroll processes, ensuring compliance, accuracy, and efficiency in all payroll-related functions.

Job Duties:

● Collect, verify, and process employee payroll information accurately, including regular pay, commission, bonuses, and other payments.

● Prepare and verify statements of earnings, including gross and net salaries, tax deductions, and other withholdings.

● Calculate and distribute commission payments to contract insurance brokers, ensuring accuracy in payment calculations and compliance with applicable tax regulations.

● Maintain and update records of broker commissions, bonuses, and related payments, ensuring timely and accurate distribution.

● Identify and resolve payroll discrepancies.

● Prepare and balance period-end reports and reconcile issued payrolls and commissions to bank statements.

● Develop and maintain reports to track payroll and commission payments, as well as benefits costs, including monthly, quarterly, and annual financial reports.

● Monitor and analyze payroll and commission data to identify patterns, inefficiencies, and opportunities for improvement.

● Provide key data metrics and actionable insights to management for decision-making.

● Develop and implement automation to payroll distribution system, ensuring efficiency and accuracy.

● Coordinate with HR and Accounting teams to address payroll-related inquiries and resolve issues promptly.

● Respond to inquiries from staff regarding salary, commission payments, taxes, and related matters.

Qualifications and Requirements

Education:

The successful candidate should have a university bachelor degree or equivalent experience. Education in finance, accounting, mathematics, data science or relevant field is preferred. 

Work Experience:

● A minimum of 8 months of work experience in Payroll Administrator or related role.

● Strong knowledge of Canadian payroll regulations and best practices.

● Experienced in the insurance industry (including experience at insurance or reinsurance company, MGA, or brokerage)

● Intermediate experience with payroll software and experienced in data analysis software (Excel, Word, Outlook, Power BI etc).

Other skills:

● Strong organizational, analytical and problem-solving abilities.

● Excellent communication and teamwork skills.

Work Location: On-site, Markham, ON

Job Types: Full-time, Permanent

Pay: $64,000 annual salary

Hours of work: Monday to Friday, 35 hours per week

Benefits: Dental care, On-site parking

Language requirement:

English required

Mandarin preferred

If this sounds like your dream job, then send your best resume. All applications will be considered, however, only those candidates selected for an interview will be contacted.

How to Apply

You will need to provide:

Resume detailing your experience. (required)

Cover letter. (preferred)

References. (preferred)