Principal Accountant, Payroll Deductions

NJ Transit • Newark, NJ • 3h ago

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 customers to their destinations on time-and we're looking to hire talented folks with a commitment to excellence to make it all possible.

Roles and Responsibilities:

Monitors the accounting, reporting and control of financial data to ensure the accurate maintenance and reporting of expenditures in accordance with NJ TRANSIT policy and procedures, federal and state regulations, and GAAP.

Participates in the implementation and development of NJ TRANSIT policies and procedures to maintain consistency, improve methodology and efficiency of accounting operations.

Ensures accurate withholding of deductions from employee pay, in accordance with federal, state, and local regulations.

Oversees Electronic Payments of employees pays, ensuring mandatory direct deposit participation for specified groups of employees. Handle employee account setup, payroll payment reversals and bank returned funds, as well as creating manual check (replacements).

Responsible for accurate and timely disbursements and reporting to third parties, including processing the weekly and monthly interface files to Accounts Payable.

Performs and reviews analyses of selected general ledger accounts; identifies and resolves reconciling items and accounting issues on a timely basis.

Responsible for all pension related deductions, payments, and reporting. This includes defined benefit plans, defined contribution plans and NJ State pension plans (PERS and PFRS).

Process inbound and outbound payroll interface files, while complying with required file layout specifications, troubleshooting errors, and reconciling data.

Oversees NJ Transit Pension Payroll. Reviews and approves pension calculations, pension and deduction refunds, voluntary/nonvoluntary deductions, taxes, direct deposit and address changes.

Provides oversight direction to the clerical staff in the performance of specific tasks and responsibilities.

Run Discoverer Reports and prepare detailed reports for third party payments, as well as all levels of management to facilitate the flow of Payroll information and resolve issues.

Testing for periodic system upgrades.

Miscellaneous projects as requested by Senior Management

Provide excellent customer service to all internal/external customers.

Education, Experience, and Qualifications: Bachelors Degree in Accounting or related

Five (5) years of applied accounting experience, preferably in Payroll.

Knowledge of computerized financial systems required, with Payroll systems experience.

Must be proficient in Microsoft Office, advanced in Excel, as well as excellent written, verbal and customer service skills.

Discoverer or Orbit report writer experience a plus.

At NJ Transit you will enjoy a competitive salary and excellent benefits package:?Comprehensive Family Health Insurance - Prescription, Dental, Vision

Flexible Spending Account

Prescription

Life Insurance

Paid Leave

401(a) and 401(k) Retirement Plans--up to 9% employer contribution

Tuition Assistance

Qualified Transportation Expense Plan (QTE)

At NJ TRANSIT we support and depend upon the diversity of our staff. NJ TRANSIT is an Equal Opportunity Employer.

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