Morningstar

Global Payroll Specialist

Morningstar$74K — $109K *
Business Services
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2+ years of payroll and benefits experience in mid-large companies.
  • Knowledge of Canadian payroll is advantageous.
  • Proficiency in MS Office Suite, particularly Excel (VLOOKUP, Pivot).
  • Experience with ADP WFN payroll software is required.
  • Openness to learning and growth within the team.
  • Strong organizational skills with attention to detail.

Responsibilities

  • Prepare and process semi-monthly payrolls for 900+ employees.
  • Maintain and adjust payroll data for various employee changes via ADP WFN.
  • Administer and reconcile benefits enrollments and records.
  • Ensure accurate processing of payroll transactions and timesheets.
  • Import inbound integration files for pension and benefit changes into ADP.
  • Assist with year-end reconciliations and payroll reports.
  • Respond to employee inquiries about payroll and benefits.

Benefits

  • Comprehensive health benefits with potential premium discounts.
  • 100% 401k match up to 6% of salary.
  • Trust-Based Time Off and Paid Sabbatical Program.
  • Paid Family Caregiving Leave and competitive parental leave policies.
  • $1,000 annual Flex Stipend for personal education and well-being expenses.
Full Job Description
The Role:

Morningstar is looking for a Global Payroll Specialist to join our Canada Finance team, who will play an integral role in all aspects of Canadian Payroll: administering and processing Canadian payroll for 900+ employees and ensuring payroll is completed accurately, on time and in accordance with applicable legislation, organizational policies and procedures. This position also completes administrative activities relating to pension/benefit requirements, monthly/year-end reconciliations and reporting, and also journal entries and Sarbanes-Oxley Act("SOX") compliance. This full-time position reports to the Payroll Manager and will be based in Chicago.

The Responsibilities:
  • Preparation and processing of semi-monthly payrolls for salaried and hourly employees in accordance with applicable legislation and SOX requirements defined for the Canada payroll process.
  • Adjust, maintain and process payroll data pertaining to wage increases, leaves of absence, return from leave, and top ups, etc. using ADP Workforce Now ("WFN") application.
  • Responsible for the administration and reconciliation of benefits: enrolments, additions, deletions, terminations to maintain accurate records.
  • Administer workflow to ensure all payroll transactions (timesheets, on call hours, on call premium) are captured and processed accurately and timely.
  • Responsible for importing the inbound integration files into ADP for pension and benefit changes
  • Assist in year-end reports and reconciliations i.e.T4's, T4A's ,EHT, RL-1, CNESST etc.
  • Investigate and resolve payroll issues with HR regarding new hires, onboarding missing information, terminations, renumeration etc.
  • Responds to employee inquiries regarding the pay, pension and benefit programs in a professional and timely manner
  • Assist in month end duties as required - preparing journal entries, accruals, ensuring all entries are reconciled to payroll reports.
  • Assist with any payroll audits that may arise because of regulatory, internal and external audits
  • Performs other duties that may be required or assigned from time to time.


The Qualifications:
  • 2+ years of progressive payroll and benefits experience with mid-large sized company.
  • Canadian payroll knowledge a plus
  • Proficiency with MS Office Suite (Intermediate in MS Excel- VLOOKUP, Pivot etc.)
  • Working experience with ADP WFN payroll software
  • A desire and openness to learn and grow within the role and team
  • Ability to adapt well to change
  • Ability to collaborate effectively within cross-functional teams and contribute to a positive, team-oriented work environment
  • Ability to deal with people sensitively, tactfully, diplomatically, and professionally at all times
  • Ability to follow guidelines and strong attention to detail and accuracy in all aspects of the position
  • Ability to handle and prioritize a wide variety of tasks accurately and efficiently in a fast-paced environment
  • Well organized, detail minded with a mathematical aptitude and analytical skills


Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That's why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
  • Financial Health
    • 100% 401k match up to 6% of salary
    • Stock Ownership Potential
    • Company provided life insurance - 1x salary + commission
  • Physical Health
    • Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
    • Additional medical Wellness Incentives - up to $300-$600 annual
    • Company-provided long- and short-term disability insurance
  • Emotional Health
    • Trust-Based Time Off
    • 6-week Paid Sabbatical Program
    • 6-Week Paid Family Caregiving Leave
    • Competitive 8-24 Week Paid Parental Leave
    • Adoption Assistance
    • Leadership Coaching & Formal Mentorship Opportunities
    • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
    • Tuition Reimbursement
  • Social Health
    • Charitable Matching Gifts program
    • Dollars for Doers volunteer program
    • Paid volunteering days
    • 15+ Employee Resource & Affinity Groups


Total Cash Compensation Range
$74,325.00-109,008.33
Inclusive of annual base salary and target incentive

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

About Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $200 billion in assets under advisement and management as of December 31, 2020. The company has operations in 29 countries.
Learn more about Morningstar
Size
10,038 employees
Market Cap
$9 billion
Industry
Net Income
$223.6 million
Founded
1984
5 Year Trend
+16.3%
Revenue
$1.3 billion
NASDAQ

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