Job Description
Job Overview
This is a full‑time, permanent position for the Payroll Specialist within Magna’s corporate payroll team.
Job Responsibilities
The Payroll Specialist will handle the full cycle processing of assigned Canada and US payrolls, including year‑end activities, 3rd‑party remittances, garnishment setup, and payroll journal entries.
- Prepare and process assigned Canada and US payroll(s) on a weekly and bi‑weekly basis for hourly and salaried employees, including garnishment, incentive payouts, deferred incentives, stock options, hypo tax, shadow payroll reporting, and pension payrolls.
- Balance payrolls based on year‑end calendars and participate in audit of other payrolls as assigned.
- Initial garnishment set‑up.
- Prepare and reconcile 3rd‑party remittances according to due dates.
- Maintain accurate payroll records.
- Complete year‑end balancing, filing and delivery of T4s and/or W2s; amend ...