What does a Payroll Manager do?
A Payroll Manager is mainly responsible for the payroll system within an organization and ensures that employees are paid the correct amount of money on time. They are also responsible for ensuring all regulatory and legislative compliance procedures are performed correctly and accurately for payroll. A Payroll Manager may also be responsible for planning, developing, and organizing new business procedures related to payroll.
It is also common for the Payroll Manager to be responsible for hiring, training, and overseeing other payroll team members such as Payroll Specialists. In some cases, a Payroll Manager may also be required to provide input on contracts to ensure all mentions of payroll services are accurate.
Payroll Manager skills and qualifications
A successful Payroll Manager candidate will have various prerequisite skills and qualifications required for this job’s duties, including:
- Knowledge of business finance including accounting principles and practices
- Excellent written and verbal communication skills
- Ability to manage multiple projects or assignments at one time and ability to multi-task
- Superb research and problem-solving skills
- Ability to meet deadlines while maintaining compliance and regulatory standards
- Provide a balanced and common-sense approach to routine and complex issues
- Work well while under pressure or in stressful situations
Payroll Manager experience requirements
Payroll Manager candidates generally need to have at least five years of payroll administration experience within a Canadian payroll system. It is also a good idea to look for someone who has at least three years of managerial or leadership experience. An ideal Payroll Manager candidate should also have experience in a similar industry to your company.
Payroll Manager education and training requirements
A candidate with a Bachelor’s degree in business, accounting, or a related field should be preferred for the position. An ideal candidate may also hold a four-year college diploma in a similar field. All candidates should possess a Certified Payroll Manager (CPM) designation and be up-to-date with all regulatory procedures.
Payroll Manager salary expectations
According to Indeed Salaries, the average salary for a Payroll Manager in Canada is $83,108 per year. The salary can vary depending on many factors, including experience, location, or hiring company.
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