U

University of Waterloo

Student-run venture capital training fund

Payroll Manager

Full-TimeUpdated
$95.5k - $119.4k
Senior, Expert
Bachelor's
Waterloo, ON, Canada
In Person
AccountingPayroll Accounting

About the job

Requirements
  • Three-year post-secondary education in Commerce, Human Resources, or a similar course of study; a university degree is preferred.
  • Canadian Payroll Association Certified Payroll Manager certification is required.
  • Seven to ten years of progressive payroll and management experience in a large-scale, fast-paced environment, with a proven track record of achievement and success in payroll.
  • Strong knowledge of Canadian federal tax provisions, provincial and federal programs including CPP, EI, provincial healthcare, workers compensation, and provincial employment standards.
  • Proven management skills and a strong customer service focus.
  • Accuracy and attention to detail, with proven analytical and problem-solving skills.
  • Strong oral and written communication skills, including process documentation development and delivery.
  • Ability to multitask and prioritize work, including when priorities conflict.
  • Experience with Workday or another in-house payroll system.
  • Intermediate skills in Microsoft Office applications: Word, Excel, PowerPoint, Teams, and Outlook.
  • Positions are open to qualified candidates who are legally entitled to work in Canada.
Responsibilities
  • Oversee all functions related to delivery of domestic and international compensation and payroll services, ensuring compliance with government legislation and University policies and procedures.
  • Collaborate with the Director, Total Rewards on special projects to develop and maintain effective, efficient, and compliant payroll practices, and contribute to Human Resources’ departmental goals and professional services delivery.
  • Maintain awareness of payroll-related legislation, regulations, standards, best practices, and emerging issues.
  • Provide senior-level payroll expertise, advice, and guidance to University stakeholders on complex and sensitive payroll matters and policy interpretation.
  • Support creation of and provide feedback on payroll policies and guidelines, ensuring compliance with government legislation.
  • Oversee all aspects of payroll administration and processing, ensuring accurate and timely delivery through monthly and biweekly cycles and off-cycle payments as required.
  • Provide final sign-off on monthly and year-end processing and filing; oversee year-end reconciliation of government remittances with the HR Financial Officer.
  • Develop and maintain payroll processes, procedures, and documentation focused on best practices, compliance, and continuous quality improvement.
  • Coordinate payroll team training to ensure consistent application of University policies and standard operating procedures and compliance with legislative requirements.
  • Manage the payroll team by providing guidance and direction on higher-level issues and ensuring standard procedures and service standards are followed and achieved.
  • Investigate and resolve complex, unique, and sensitive issues with external entities, campus partners, and HR colleagues as required.
  • Participate in audits, support the Assistant Payroll Manager and HR Financial Officer, act as primary contact when necessary, design and implement internal controls, and coordinate with HR Data Analytics to create required audit reports in Workday.
  • Lead the analysis, measurement, review, development, and implementation of processes, practices, and system capabilities to govern payroll activities and ensure quality, consistency, and delivery against targets.
  • Serve as the subject matter expert for payroll and time-tracking modules in Workday and work with Information Systems Technology teams to define requirements, test configuration changes and system updates, ensure controls for system security, and request access changes as needed.
  • Work with HR Data Analytics, Information Systems Technology, and Workday users to ensure system configuration supports accurate and compliant payroll processing and to identify effectiveness, efficiency, or accuracy issues.
  • Identify upstream issues affecting payroll processing and suggest data, coding, processing, or configuration solutions.
  • Support testing of configuration changes and assist the Assistant Payroll Manager in resolving integration and data issues with campus departments.
  • Train and educate the payroll team on Workday application processes and coordinate with other teams to ensure understanding of payroll requirements.
  • Ensure payroll communication materials are current, accurate, and understandable.
  • Prepare and present information at sessions with assistance from the payroll team.
  • Meet or correspond with employees about complex payroll questions and provide answers.
  • Assist HR Partners with severance packages and explain payroll implications to terminated employees.
  • Oversee preparation of reports, historical trends, and special analyses for University stakeholders.
  • Develop and implement effective communication processes and approaches for stakeholder needs.
  • Define and communicate payroll standards and procedures to ensure service quality and consistency.
  • Deploy staff to meet department goals and objectives productively.
  • Coach, train, and develop employees.
  • Conduct annual performance appraisals and regular reviews with direct reports, ensuring adherence to the annual process.
  • Approve and control hiring, staffing, promotion, discipline, and termination of payroll employees.
  • Monitor and schedule payroll team vacations, overtime, and absences, redistributing work as needed to maintain customer service levels.
  • Participate in HR cross-functional process and procedure reviews, providing payroll impacts and Workday configuration considerations.
  • Serve as a resource to University committees and provide consultative assistance to HR teams and campus managers on payroll matters.
Desired Qualifications
  • A university degree is preferred.
  • Two to three years of experience in the higher education sector is preferred.

About the company

U

University of Waterloo

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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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