U

University of Waterloo

Student-run venture capital training fund

Payroll Administrator

Full-TimeUpdated
$55.1k - $68.8k
Junior, Mid
Bachelor's
Waterloo, ON, Canada
In Person
AccountingPayroll Accounting

About the job

Requirements
  • Complete 2–3 years of post-secondary education in business accounting or a similar course of study.
  • Have attained, or be working toward, National Payroll Institute Payroll Compliance Professional (PCP) certification.
  • Have 2–5 years of progressive payroll experience in a large-scale, fast-paced environment.
  • Have strong knowledge of Canadian tax provisions and provincial and federal programs, including Canada Pension Plan, Employment Insurance, provincial healthcare, workers' compensation, and provincial employment standards.
  • Have strong customer service, oral communication, and written communication skills.
  • Be able to work as a member of a team.
  • Demonstrate accuracy, attention to detail, analytical skills, and problem-solving skills.
  • Be able to multitask and prioritize work, including when priorities conflict.
  • Have experience with Workday Payroll and Time Tracking or another in-house payroll system.
  • Have intermediate skills in Microsoft Office, including Word, Excel, PowerPoint, Teams, and Outlook.
  • Be legally entitled to work in Canada.
Responsibilities
  • Calculate, enter, and review pay-related information in Workday accurately.
  • Review pay-related submissions for completeness and compliance with government legislation, University policy, and established processes and procedures.
  • Follow up with HR teams or campus departments when data is incomplete or non-compliant, or when clarification is needed.
  • Validate retroactive earnings and deductions, and calculate and validate top-up payments for eligible employees on maternity, parental, or adoption leave.
  • Enter payroll data, including voluntary and involuntary deductions; retroactive pay items not handled by Workday's retro functionality; additional pay items; payments on termination; prepaid benefit amounts; manual salary transfers; garnishments; special letters; and CPT30 forms.
  • Review and balance bi-weekly and monthly payrolls to ensure employee pay data is accurate before pay is confirmed and released.
  • Coordinate with payroll team members to run payroll calculations, incoming interfaces, and balancing and audit reports.
  • Review earnings, deduction, and tax data against supporting documentation to verify accuracy.
  • Correct data in Workday where necessary or coordinate corrections with other HR teams.
  • Run outgoing interfaces and distribute deduction reports after pay processing is complete.
  • Organize, maintain, and file payroll documentation for audit purposes.
  • Produce off-cycle payments or adjustments as required.
  • For Senior Payroll Administrators, process bi-weekly and monthly payrolls from beginning to end in coordination with the Assistant Payroll Manager, adhering to strict deadlines.
  • Run all Workday processes needed for payroll data entry, verification, confirmation, and transmittal.
  • Coordinate production and distribution of pay advices, cheques, payroll registers, and remittance reports.
  • Transmit electronic credit and debit files to the bank, verify acceptance, and address rejected deposit amounts as required.
  • Place bank recalls for direct deposit amounts and stop-payment requests for cheques as necessary.
  • Communicate with internal and external customers in person, by telephone, and by email.
  • Respond to inquiries in a timely manner in accordance with Human Resources service standards.
  • Research inquiries as necessary to provide accurate answers.
  • Communicate policy, procedural, and legislative requirements to customers with limited or no payroll knowledge.
  • Provide functional assistance with Workday Payroll self-service features and Time Tracking data entry.
  • Handle sensitive or personal information confidentially and professionally.
  • Confer with or escalate matters to senior team members as appropriate.
  • Prepare cheque requests for government remittances, garnishments, general deductions, and other items, and forward them to Finance.
  • Process pay reversals and adjustments in Workday to maintain accurate employee records.
  • Prepare foreign fund payments for processing in coordination with Finance.
  • Prepare and file Records of Employment electronically with Service Canada for employees who terminate or have a break in service.
  • Assist with year-end adjustments and corrections, and respond to customer inquiries related to year-end slips.
  • Participate in annual and ad hoc audits, providing supporting paperwork and process commentary as needed.
  • Participate in user acceptance testing for upgrades, updates, and implementation of new functionality as required.
  • Contribute to creating and maintaining standard operating procedures.
  • Assist with training new team members and co-op students as required.
  • Identify continuous-improvement opportunities related to efficiency and payroll best practices, and bring them to the Payroll Manager.
  • Complete special projects as assigned.
Desired Qualifications
  • Experience in the higher education sector.

About the company

U

University of Waterloo

View

The Student Venture Fund (SVF) at the University of Waterloo provides students with hands-on venture capital training by evaluating startups, conducting market research, valuing companies, performing due diligence, and making investment recommendations under supervision from finance professors and industry mentors. Students work through the full investment process, presenting ideas and executing approved investments as part of a live early-stage portfolio. The program differs from typical courses by offering an end-to-end, real-money learning experience with ongoing mentorship and industry interaction. Its goal is to develop practical VC skills in students while building real-world investment experience and expanding connections with the startup and investment community.

Company Size

11-50

Company Stage

N/A

Total Funding

$3.4M

Headquarters

Waterloo, Canada

Founded

2017

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Simplify's Take

What believers are saying

  • September 2026 entrepreneurship rankings strengthen Waterloo's employer brand for startup-minded hires.
  • April 2026 operating budget added $50.8 million in provincial grant funding.
  • Velocity's 2026 accelerator accepted 55 students, showing strong deal flow and ecosystem depth.

What critics are saying

  • April 17, 2026 budget still showed a $33.7 million structural deficit.
  • Waterloo kept a hiring freeze in 2026; further restructuring and layoffs remain scheduled.
  • Domestic tuition caps and international enrollment limits squeeze revenue through 2027, threatening program breadth.

What makes University of Waterloo unique

  • September 2, 2026 PitchBook ranked Waterloo seventh globally for producing entrepreneurs.
  • Velocity and SVF give students direct venture investing and founder exposure inside SAF.
  • September 4, 2026 IPON backed 30 Velocity Summer Accelerator teams with $12,000 fellowships.

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Benefits

  • Training Programs
  • Professional Development Budget

Company News

University of Waterloo
Sep 2nd, 2021
Investments | School of Accounting and Finance

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