Job Information
NJ Transit Director, Payroll Taxes, Accounting & Deductions in Newark, New Jersey
Director, Payroll Taxes, Accounting & Deductions
Finance
Job Description:
Move forward with us! At NJ TRANSIT, you'll join us in transforming the third-largest transportation agency in North America. We are committed to delivering safe, reliable service that gets our customers to their destinations on time—and we’re looking to hire talented folks with a love of learning to make it all possible.
Roles & Responsibilities:
Hires, trains and provide direction to the Managers and staff of Taxes & Payroll Accounting and Payroll Deductions & Pensions units.
Directs the timely withholdings and payments of Federal, State, local and Railroad taxes from all payrolls.
Ensure accuracy and timeliness of all tax filings and reporting: monthly, quarterly and annually to all tax jurisdictions.
Responsible for the research of legislative and jurisdictional tax updates; ensures NJ TRANSIT is in compliance.
Reviews and approves payroll interface to General Ledger for labor and accrual accounts.
Directs weekly payroll interface of financial data into the General Ledger.
Directs the preparation of General Ledger account balance reconciliations to ensure the proper accounting treatment of payroll transactions.
Interprets GAAP and Federal, State and local regulatory changes, and recommends course of action to ensure compliance.
Prepares responses to all inquiries and notices received from tax authorities.
Ensures compliance with Unclaimed Earnings and the Escheat regulations, and supports G/L check reconciliation of the Payroll account.
Coordinates Payroll response to internal and external audits.
Coordinates HR, Bus, Rail, PCS, Benefits testing of all tax and other system upgrades of the Payroll system.
Approves all Payroll Journal Entries for entry into General Ledger.
Ensures year-end reconciliation and production of employee W2 tax forms and jurisdictional filings.
Directs the timely and accurate withholding of all non-tax deductions: union dues, child support, garnishments, IRS levies, etc.
Approves payments and required reporting to third parties for benefit plans, and ensures accurate and timely payment to benefit providers
Interacts with the Benefit Department to ensure coordination of benefit deduction/payment activities.
Prepares communication relating to tax and deductions to employees and external groups.
Administers the calculation of the monthly Pension payment for Retirees.
Directs the processing of all retirement tax exemptions and deductions.
Administers the Bank of NY's disbursement of the Pension Payroll and year-end reconciliation and 1099R processing.
Ensures all procedures are documented for the Payroll Tax and Accounting area.
Maintains and secures confidential employee information as required, and ensures excellent service to our customers.
Perform other duties and miscellaneous projects as requested by management.
Education, Experience & Qualifications:
Bachelors Degree in Accounting, Finance, Business Administration or related field, or equivalent, and seven (7) years of applied progressive financial management experience.
CPA and/or MBA desired.
Must have five (5) years of Payroll management experience - with a minimum of three (3) years in Payroll Taxes, Accounting and/or Deductions; experience with agreement staff desired.
Knowledge & Skills:
Knowledge and experience with computerized financial systems required.
Experience with Highline ePersonality HR/PR and Discoverer desired.
Must have excellent verbal and written communications skills.
At NJ Transit, you will enjoy a competitive salary and excellent benefits package:
Comprehensive Family Health Insurance – Medical, Prescription, Dental, Vision
Flexible Spending Account
Life Insurance
Paid Leave
Tuition Assistance
Pre-Tax Commuter Benefits Plan
Retirement Plans
401(a) - Retirement plan with a 6% employer contribution
401(k) - Retirement saving plan with up to an 3% company match
457(b) - Deferred Savings Plan
NJ TRANSIT is an Equal Opportunity Employer
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