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Profound Medical

MRI-guided, incision-free prostate ablation platform

Payroll & HR Systems Specialist

Full-TimeUpdated on 10/23/2026
CA$75k - CA$90k/yr
Senior
Bachelor's
Mississauga, ON, Canada
Hybrid
People & HRHR Operations & Coordination

About the job

Requirements
  • A diploma or bachelor's degree in Accounting, Finance, Human Resources, Business Administration, or a related field, or equivalent practical experience.
  • Five or more years of progressive payroll experience, including hands-on Canadian payroll experience.
  • Experience supporting U.S. payroll, preferably across multiple states, with working knowledge of applicable federal, state, and local requirements.
  • Strong understanding of payroll accounting, reconciliations, accruals, payroll controls, and year-end activities.
  • Experience supporting payroll or human resources information system implementations, integrations, testing, migrations, or process improvements.
Responsibilities
  • Manage end-to-end payroll for employees in Canada and the United States, ensuring accuracy, timeliness, and compliance with applicable requirements.
  • Maintain payroll data for employee changes, including hires, departures, compensation changes, leaves, bonuses, commissions, deductions, and other payroll updates.
  • Administer payroll-related benefits and deductions, including taxable benefits, retirement contributions, and equity-related taxable events, and support year-end payroll activities.
  • Partner with Finance and external providers on payroll reconciliations, journal entries, accruals, tax filings, reporting, controls, and audit support.
  • Coordinate payroll changes for international employees with local payroll and bookkeeping partners.
  • Review international payroll information for completeness and accuracy and ensure employee changes are communicated to local partners on time.
  • Serve as a payroll and human resources systems subject matter resource and support implementations, integrations, migrations, upgrades, testing, and system enhancements.
  • Maintain data integrity across payroll, human resources information system, benefits, Finance, commission, time-off, and equity administration systems through validation, audits, and reconciliations.
  • Identify opportunities to simplify and automate payroll and human resources processes and maintain related procedures, workflows, controls, and documentation.
  • Partner with HR, Finance, Sales Operations, and external vendors on payroll activities, reporting, employee changes, and commission processing.
  • Respond to employee payroll-related questions and provide documentation and support for internal and external audits.
  • Perform other duties as assigned.
Desired Qualifications
  • Canadian payroll certification, such as Payroll Compliance Professional (PCP), is preferred; equivalent payroll or accounting certification is an asset.
  • Experience administering payroll-related benefits, retirement plans, and/or equity compensation is an asset.
  • Experience coordinating international payroll through local providers is an asset.
  • Experience with ADP, Computershare EquatePlus, or similar payroll/equity platforms is an asset.

About the company

Profound Medical focuses on incision-free therapies for diseased tissue with its TULSA-PRO system for prostate ablation. The device uses real-time MRI guidance, robotic transurethral ultrasound, and closed-loop temperature control to ablate targeted prostate tissue in a single outpatient session. Revenue comes from a razor-blade model: upfront capital equipment plus recurring income from consumables, leases, and services, with AI-powered TULSA-AI modules under development. The goal is to expand precise, noninvasive prostate treatment to major hospitals and imaging centers while growing recurring revenue and usability.

Company Size

51-200

Company Stage

Post IPO Equity

Headquarters

Mississauga, Canada

Founded

2008

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Simplify's Take

What believers are saying

  • Q2 2026 revenue hit CAD 2.5 million; excluding timing, it reached CAD 5.6 million.
  • CMS 2027 proposed OPPS payment rises 14.9% to $15,494 per procedure.
  • Covered lives expanded by 18.3 million in Q2, reaching nearly 30 million.

What critics are saying

  • Q2 still showed a CAD 9.5 million loss and only 84 installed systems.
  • The ASC reimbursement cut to $6,866 exposes a weak hospital-cost filing.
  • CAPTAIN disappointment would freeze payer adoption and keep Profound dependent on dilutive capital.

What makes Profound Medical unique

  • TULSA-PRO remains the only AI-guided, MRI-guided robotic prostate ablation platform.
  • Sunnybrook-originated IP and regained Canadian rights strengthen clinical credibility and control.
  • Exclusive Getz distribution in Australia and New Zealand expands reach without building everything.

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Benefits

  • Health Insurance
  • Remote Work Options

Growth & Insights and Company News

6 month growth

3%

1 year growth

0%

2 year growth

9%
Yahoo Finance
Aug 7th, 2026
Profound Medical Q2 revenue rises 12% to $1.8M, shipment delays mask 153% growth

Profound Medical reported Q2 revenue of CAD 2.5 million, up 12% year over year, though CAD 3.1 million in TULSA shipments shifted from June to July. Excluding this timing issue, revenue would have reached CAD 5.6 million, representing 153% growth. The company maintained its 2026 revenue target of CAD 25 million and gross-margin guidance of at least 70%. Gross margin improved to 78% from 73% in the prior-year period. Profound's TULSA-PRO qualified sales pipeline reached CAD 70 million, with 84 systems installed. Same-store utilisation declined sequentially due to temporary site issues but remained up year over year. The company reported a net loss of CAD 9.5 million, or CAD 0.26 per share, compared with a loss of CAD 15.7 million in Q2 2025. Cash stood at CAD 38.3 million as of 30 June.

Yahoo Finance
May 3rd, 2026
Profound Medical expected to breakeven by 2028 with 53% annual growth target

Profound Medical Corp., a commercial-stage medical device company developing AI-powered, MRI-guided therapeutic systems, is expected to reach profitability by 2028, according to five industry analysts. The company, with a CA$341 million market capitalisation, posted a US$43 million loss for its most recent financial year ending 31 December 2025. Analysts forecast Profound Medical will post its final loss in 2027 before turning a profit of US$9.4 million in 2028, approximately two years from now. Achieving this requires an average annual growth rate of 53%. The company has managed capital prudently, with debt comprising just 6.8% of equity, predominantly funding operations through equity capital. This low debt obligation reduces investment risk for the loss-making company.

Yahoo Finance
Apr 25th, 2026
Profound Medical presents TULSA prostate data showing faster recovery vs. robotic surgery, targets 600K patients with $500K capital model

Profound Medical showcased clinical data and software upgrades for its TULSA prostate treatment system at a recent conference. CAPTAIN-era data showed TULSA patients returned to work faster than robotic prostatectomy patients (10 versus 19 days) with zero hospitalisations versus over 6%. The company is scaling AI tools including Thermal Boost Contouring Assistant and partnering with Siemens and Cook on compact interventional MRI systems. Revenue grew from approximately CAD 10 million in 2024 to CAD 16 million in 2025, with management projecting high double-digit growth and potential profitability at around 200 sites. TULSA uses MRI-guided ultrasound ablation without incisions, positioning itself between robotic prostatectomy and focal therapy. The company estimates a 600,000-patient addressable market with roughly $500,000 capital costs plus $5,500 per-patient disposables.

Yahoo Finance
Mar 6th, 2026
Profound Medical reports $6M Q4 revenue, completes CAPTAIN trial with data due March 13

Profound Medical reported Q4 2025 revenue of $6.0 million, a 43% year-on-year increase, comprising $2.3 million in recurring revenue and $3.7 million from capital equipment sales. Gross margin declined to 67% from 71% the previous year, whilst the company posted a net loss of CAD 8.2 million with CAD 59.7 million cash on hand. The company announced completion of recruitment and treatments for its CAPTAIN trial, comparing its technology to robotic radical prostatectomy for localised prostate cancer. Primary safety and quality-of-life endpoints will be presented at the European Association of Urology meeting on 13 March. Profound ended 2025 with 78 TULSA-PRO sites and a 110-system pipeline, targeting profitability around $80-85 million revenue.

Kilmer Lucas
Feb 12th, 2026
INOVAIT honors Profound with 2025/26 Mount Logan Award recognizing Tulsa Procedure for prostate disease

INOVAIT honors Profound with 2025/26 Mount Logan Award recognizing tulsa procedure for prostate disease. February 12, 2026 Profound Medical (NASDAQ: PROF; TSX: PRN) has announced that it has received the 2025/2026 Mount Logan Award from INOVAIT, the Canadian national network for commercializing breakthroughs in image-guided therapy and AI. In a statement, Raphael Ronen, co-executive director of INOVAIT, commented, "The Mount Logan Award recognizes an INOVAIT industry member who has consistently exceeded project milestone expectations, reached new heights as a Canadian company, and stood out internationally. Profound Medical has achieved significant milestones and international acclaim over the last year, including treating their 4,000th TULSA Procedure patient, securing new U.S. reimbursement codes from Medicare, and establishing strategic partnerships to expand patient access globally, and is, therefore, worthy of celebrating with the Mount Logan Award." The iMRI TULSA Procedure, performed using the TULSA-PRO system, represents a major advancement in prostate care, and is used by physicians to treat men with prostate cancer and/or benign prostatic hyperplasia (BPH, also known as an enlarged prostate). Robotically controlled directional ultrasound is delivered from inside the urethra to precisely and gently heat prostate tissue to 'kill temperature' (55-57°C), while protecting surrounding nerves and anatomy. Real-time MRI thermography enables continuous visualization and autonomous temperature adjustment throughout the procedure. This level of precision allows physicians to tailor therapy to each patient, resulting in no procedural blood loss, no overnight hospital stay, and a quicker return to everyday life, while minimizing side effects typically associated with surgery or radiation, such as urinary incontinence and/or erectile dysfunction. Arun Menawat, CEO and chairman of Profound, remarked, "We are incredibly honored to receive this award as we work to drive widespread global commercialization of a home-grown Canadian medical innovation. While currently only one TULSA-PRO system install resides in Canada, we hope to change that moving forward as we just recently regained exclusive distribution rights in the country from a previous partner. In the meantime, the importance of that single current commercial placement in Canada can't be overstated. Toronto's renowned Sunnybrook Health Sciences Centre, the original innovator of the TULSA-PRO technology, has already performed more than 100 TULSA Procedures despite it not being covered by a provincial health insurance plan. Moving forward, as user interest in Profound's technologies continues to build, we are deploying our own direct sales team in North America, while partnering with select strategic distribution partners to support the business potential and the customer base in other parts of the world." Mathieu Burtnyk, president of Profound, added, "We are deeply grateful to INOVAIT for supporting a vision where AI enabled, image guided therapies like TULSA-PRO are not only developed in Canada, but lead the world. That support gives companies like ours the momentum to turn bold ideas into real clinical impact."