Posted 4 months ago
Payroll Specialist (12 Month Contract)
@ Meridian Credit Union Limited
Etobicoke, Ontario
Overview
Meridian Credit Union Limited is hiring a Payroll Specialist on a 12-month contract to run the full bi-weekly payroll cycle and related compensation administration. The work covers CRA and provincial compliance, year-end T4 and pension adjustment processing, severance and incentive calculations, and liaison with payroll vendors. The role is hybrid, with a salary range of CAD $52,000 to $78,000 per year.
Pay:
$52,000–$78,000 a year
Responsibilities:
- Run bi-weekly payroll from timesheet entry to general ledger posting
- Reconcile government remittances and produce T4s
- Calculate severance and incentive plan payments
- Liaise with external payroll vendors and support audits
- Advise HR and employees on payroll and compensation
Requirements summary:
- PCP designation from CPA required
- CPM designation from CPA strongly preferred
- Five or more years of HR professional experience preferred
- Knowledge of CRA and ESA legislation
- Advanced Excel and Microsoft Office skills
- Bachelor's degree in business or accounting is an asset
Tools & skills
Benefits mentioned
Source and dates
Employer career site / ATS feed · ultipro
- Employer posting date
- 2026-07-20
- First seen by our source
- 2026-10-08
- Source record updated
- 2026-10-16
These dates describe the source record, not a live verification that the employer is still hiring. Check the original posting.
Job details
| Seniority | Mid level |
| Department | Finance & accounting |
| Experience | 5+ years |
| Hours per week | 40 (estimated) |
| Schedule | day |
| Travel | air: none · ground: none |
| Work setting | Office |
| Position | Mostly sitting |
| Physical demands | physical low · computer high |
| Languages | English |
| Licences & certifications | Payroll Compliance Practitioner (PCP), Certified Payroll Manager (CPM) |
| Education | Bachelor’s degree (preferred) |
| Fields of study | business administration, accounting |
Summary and details written by AI from the posting; the employer’s posting is the authority.
Meridian Credit Union Limited
Saved company profile
Historical company information from a saved The Jobs API profile (LinkedIn/Crunchbase fields). It is not live-verified; figures may have changed. Missing values remain unknown.
AROUND HERE, BANKING IS DIFFERENT.
Full company description
The Meridian Experience! A different employment experience Are you looking for an employer who shares your passion and enthusiasm? Do you want a job where you know you’re making a difference, every day you come to work? Do you want a challenging career with an organization that gives back to the community and whose employees embrace corporate social responsibility? Consider Meridian as a way you can grow your career with us. Where you’ll be involved in local decision making, work hands-on in finding solutions for our Members, where everyone works together to achieve our personal and financial goals. We’ll provide an inspirational environment that’s open and collaborative that empowers you to reach your professional goals and excel in the work of fulfilling our vision. You’ll have an opportunity to develop strong, enduring and independent working relationships where long-term partnerships with our Members is a reality. We are committed to creating a highly engaged workforce; we believe it’s critical to our success. As a company that puts people first. Meridian has always paid close attention to the rising cost of living and factored this into employee wages, which is why we are incredibly proud to be Ontario’s largest certified living wage employer. We pay all our employees, regardless of role, a living wage as calculated by the Ontario Living Wage Network. We believe that fair compensation for our employees translates to improved financial and overall well-being.
- LinkedIn followers
- 33,398
- People associated on LinkedIn
- 2,232
- Reported office locations
- 3300 Bloor St. W, Toronto, Ontario M8X 2W8, CA
- 3300 Bloor Street W, Centre Tower, Toronto, Ontario M8X 2X3, CA
- Business categories
- Financial Services
- Crowdfunding
- Other recorded names
- Meridian Credit Union
- Specialties
- Credit Union
- Banking
- Financial Services
- and Commercial Banking
- Profile identifies a recruitment agency
- No
- Reported total investment
- 125,000,000
Currency and observation date were not supplied; this is not a current valuation or a funding round.
The Meridian Experience! A different employment experience Are you looking for an employer who shares your passion and enthusiasm? Do you want a job where you know you’re making a difference, every day you come to work? Do you want a challenging career with an organization that gives back to the community and whose employees embrace corporate social responsibility? Consider Meridian as a way you can grow your…
| Field | Value |
|---|---|
| Industry | Banking |
| Company size | 1,001-5,000 employees |
| Headquarters | Toronto, Ontario |
| Organization type | Privately Held |
| Year founded | 2005 |
| Specialties | Credit UnionBankingFinancial Servicesand Commercial Banking |
| Open jobs on Jobsy | 79 |
| View page |
About this opportunity
At Meridian our aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.
The role is a key resource in the complete co-ordination and implementation of all compensation administrative functions, including payroll administration. Demonstrates a detailed understanding of associated policies, procedures, compliance, and regulatory requirements. Ensures activities are delivered in a timely and highly precise manner by developing and following relevant processes and procedures. With specialized knowledge of these functions, providing advice to the Employee Experience team, employees, and leaders. Work effectively with the Manager, Employee Experience Operation and Employee Experience Operations Partners to deliver an exceptional employee experience to all employees.
Key Responsibilities
Payroll
- Manage the ongoing administration and bi-weekly processing requirements of the payroll process. This includes full payroll cycle from timesheet entry to posting to general ledgers.
- Develop process and structure that allows for seamless execution of payroll while ensuring policy and relevant legislative compliance at all times.
- Act as a key resource on CRA and all relevant provincial and federal legislation for all Meridian companies; make recommendations on the application of varying legislation.
- As the specialist in payroll, fully cross train and maintain ongoing communication with peers to allow for appropriate payroll implementation and processing.
- Accurately and efficiently process all required Record of Employments.
- Reconcile and produce required government remittances and meet annual T4 tax requirements.
- Participate in year-end process for annual Pension Adjustment determination.
- Oversees the administration and calculation of taxable benefits, including mortgage and line of credit benefit programs.
External Operations
- Act as key liaison with external payroll vendors to deal with complex issues and ensure high service standards are being met.
- Co-operation and compliance with internal and external audit procedures and requirements.
Internal Operations
- Assist with the development and revision of Employee Experience Operations owned policies.
- Maintain pay and compensation information in policies, booklets, guides, web portals, websites, etc.
- Prepare and process payments for all paid leaves administered by the Pension & Benefits team.
- Support the Pension & Benefit retirement service awards calculations.
- Represent Employee Experience Operations on various special projects / initiatives, leveraging subject matter expertise to contribute to an optimal end product.
HR Relations
- Provide support and clarity to HR team on all issues related to payroll and compensation offered at Meridian.
- Maintain strict confidentiality and discretion in all areas of work concerning employee relations.
- Act as a key resource with regards to severance package calculations and severance related expenditures. Provide severance reconciliation information and assist in the investigation of variances against accruals.
- Provide input on the annual variable incentive plan recommendations and play a key role in the calculation of ASR and STIP payments.Ensure the accuracy and integrity of the calculations, processing and record keeping.
- Supply salary budget data as required, and participate in monthly and annual salary budget process.
HRIS/Financial Reporting
- Accountable for the reconciliation of all relevant payroll and compensation general ledgers. Develop key relationships with Finance and provide support, documentation, and checks & balances to ensure accuracy of financial statements.
- Partner with Finance to create and reconcile monthly severance reports, providing further information as required.
- In conjunction with Performance Measurement and Financial Reporting, create and develop reports to meet management requirements.
Knowledge, Skills, and Abilities
- Strong specialized knowledge of all HR, Compensation, and Payroll policies and procedures, and all relevant legislation and external supplier contracts. This includes knowledge of CRA and ESA legislation.
- Strong client service skills to effectively provide advice to the Employee Experience team and employees.
- Proven financial reporting capabilities, including comprehension and application of accepted accounting principles and reconciliation procedures.
- Strong proven computer skills, including Microsoft Outlook, Word, PowerPoint, and Excel at an advanced level.
- Proven time management ability and meticulous work habits and record keeping, for duties characterized by frequent change and non-negotiable deadlines.
- Courteous and professional, with the ability to work as an independent contributor and a positive team member.
- Commitment to the ongoing enhancement of skills and knowledge supported by a learning environment.
- Proven ability to work in a confidential manner, demonstrating appropriate discretion at all times.
Education, Work Experience, and Professional Designations/Certifications
- Completion of the Payroll Compliance Practitioner (PCP) through CPA.
- Completion of Certified Payroll Manager (CPM) designation through CPA is strongly preferred.
- Minimum 5 years HR Professional experience preferred in a similar role.
- Bachelor's degree in business administration or accounting is an asset.
Comfort learning and adopting new digital tools, with an openness to using AI‑enabled technology to enhance productivity, accuracy, and the Member experience.
This role represents an existing vacancy. Internal candidates are being considered as part of our standard process.
Salary Range: CAD $52,000.00 to $78,000.00 annually.
Compensation for this role is based on a combination of skills, experience, and internal equity. Candidates with stronger alignment to the role’s requirements may be placed higher within the range. Your recruiter will share more information about our total rewards package during the hiring process.
Office Location:
Toronto Corporate Office located at 3280 Bloor St W, Etobicoke, ON. or
St. Catharines Corporate Office, located at 75 Corporate Park Drive, St. Catharines, ON.
This is a hybrid work opportunity.
Meridian has a remote work policy that allows flexibility for employees to work remotely but also requires regular time in the office for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is very important to us.
What's in it for you?
- We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success
- We provide you with the tools and technology needed to delight your candidates and clients
- You'll get to work with and learn from diverse industry leaders
- Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues
- This isn't your typical "corporate" job. We work hard and we have fun!
Build the Future of Banking with Us
At Meridian, we’re not just adapting to the future—we’re shaping it. We see talent as a catalyst for sustainable growth, community impact, and future-readiness. As the financial landscape evolves, we’re looking for team members who bring:
- Embedding & leveraging technology – Confidence and willingness to learn and integrate AI and emerging technologies into new ways of working. Experience with low/no code tools like the Microsoft Power Platform and generative AI productivity tools like Microsoft Copilot is considered an asset
- Critical Thinking – The ability to analyze, evaluate and interpret information from various sources and apply logic and problem solving to make decisions.
- Data Driven– Leverage data and insights to identify, prioritize and improve member experience and business efficiency.
- Curiosity & Flexibility – Comfortable navigating and embracing change and uncertainty, ask more questions, explore more options. Continuously learn and grow.
Who we are:
Meridian is Ontario’s largest credit union, and second largest in Canada, helping to grow the lives of our more than 380,000 Members. Meridian has more than 80 years of banking history and is 100% owned by its members. With 87 retail branches and 15 Business Banking Centers across Ontario and $ 32B in assets under management, Meridian offers a full range of financial products and services to its retail, business banking and wealth members. With over 2200 employees and corporate offices located in Toronto and St. Catharines, Meridian has a track record of creating and delivering innovative new offerings and is committed to investing in the communities that we serve. Our plan is to build on our momentum as we deliver on our purpose - helping our members achieve their best life.
Find our story here: About Meridian
Experience the Difference!
Meridian committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve.
Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability.
Please note that due to the volume of applications, only those under consideration will be contacted for an interview.
Thank you for your interest in Meridian Credit Union.
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Meridian only posts jobs on our official Careers Site, LinkedIn, and Indeed. If you find a Meridian job posting on any other site, please verify it by ensuring it directs back to our official career page. Meridian never asks candidates to apply through third‑party links that do not redirect to our Careers portal (UltiPro). For more tips on how to protect yourself from job scams visit Protect yourself from job scams | Meridian.
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