Full-Time

Payroll Leader

Posted on 1/17/2025

Wealthsimple

Wealthsimple

1,001-5,000 employees

Financial technology for investing and taxes

Fintech
Financial Services

Senior, Expert

Remote in Canada

Category
Payroll Accounting
Accounting
Requirements
  • 8+ years of experience in payroll management, with at least 3 years in a leadership role
  • Proven expertise in managing payroll operations for a multi-country workforce
  • In-depth knowledge of payroll regulations, compliance, and tax reporting requirements in Canada and the US (experience with other regions is a plus)
  • Experience with payroll platforms such as ADP, Workday, Gusto and Deel
  • Strong analytical skills with a keen eye for detail and accuracy
  • Demonstrated ability to lead audits, reconciliations, and year-end payroll processes
  • Exceptional problem-solving skills and ability to manage complex payroll issues
  • Strong communication and interpersonal skills, with a focus on collaboration and employee experience
  • Ability to manage multiple priorities and meet tight deadlines in a fast-paced environment
Responsibilities
  • Lead a team of payroll specialists who support day to day processing of payroll processes and act as the approver of all payrolls
  • Develop and implement protocols to enhance employee support and satisfaction with payroll services
  • Oversee end-to-end payroll processing for all employees, ensuring timely and accurate payments
  • Manage Canadian and US payroll operations, including integration with external platforms like Deel for international workforce management
  • Coordinate payroll schedules and deadlines with internal and external stakeholders to ensure timely and accurate payroll processing
  • Oversee the management and process improvement of both semi-monthly and bi-weekly payroll cycles
  • Ensure payroll compliance with local, federal, and international regulations
  • Manage tax withholding, remittance, and reporting processes in all relevant jurisdictions
  • Stay updated on legislative changes affecting payroll and implement necessary adjustments
  • Lead payroll reconciliations to ensure data integrity and accuracy across systems
  • Prepare payroll data and documentation for internal and external audits
  • Manage year-end processes, including issuance of tax forms (e.g., T4s, T2200s, etc.) and reconciling annual payroll records
  • Oversee payroll system functionality, ensuring it meets the organization’s needs
  • Business lead for system updates, enhancements, and integrations with other HR or finance systems
  • Partner with HRIS and external vendors to troubleshoot and resolve system issues
  • Generate and analyze payroll reports for internal stakeholders, including Finance and HR teams
  • Provide insights and recommendations based on payroll data to inform decision-making
  • Drive payroll-related projects, such as process improvements, system migrations, and policy updates
  • Collaborate on cross-functional initiatives that involve payroll considerations
  • Support business expansion efforts by establishing payroll operations in new regions
Desired Qualifications
  • Payroll certifications (e.g., PCP) are an asset

Wealthsimple provides a range of financial tools that help individuals manage their money effectively. Their services include automated investing, where users can set up investment accounts that automatically adjust based on market conditions, and commission-free stock trading, allowing users to buy and sell stocks without paying fees. They also offer cryptocurrency investments for those interested in digital currencies and a straightforward tax filing service that is designed to be quick and user-friendly. What sets Wealthsimple apart from other financial service providers is its focus on young professionals and tech-savvy individuals, providing a digital platform that is easy to navigate. The company's goal is to simplify financial management, making it accessible to everyone by using technology to create a more personal and approachable experience in finance.

Company Stage

Late Stage VC

Total Funding

$826.6M

Headquarters

Toronto, Canada

Founded

2014

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

-1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Wealthsimple's AUA reached $50 billion, indicating strong market presence and growth potential.
  • The rise of AI-driven advisory services can enhance Wealthsimple's personalized investment offerings.
  • Fractional shares' popularity aligns with Wealthsimple's target demographic, boosting user acquisition.

What critics are saying

  • Increased competition from zero-commission brokers could erode Wealthsimple's market share.
  • Invite-only rollout of Wealthsimple Cash may limit user adoption and growth.
  • Rapid cryptocurrency adoption pressures Wealthsimple to innovate its offerings continuously.

What makes Wealthsimple unique

  • Wealthsimple offers a human-centric approach to finance with user-friendly digital tools.
  • The company provides a seamless platform for investing, trading, saving, and tax filing.
  • Wealthsimple targets young, tech-savvy professionals seeking accessible financial management solutions.

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Benefits

Health Insurance

Life Insurance

401(k) Company Match

401(k) Retirement Plan

Paid Vacation

Unlimited Paid Time Off

Professional Development Budget

Wellness Program

Remote Work Options

Paid Holidays