Principal Accountant- Payroll Deductions

Principal Accountant- Payroll Deductions

FOURANS LLC - 4.7

Newark, NJ Job Details Temporary | Contract $50.39 an hour 21 hours ago Qualifications Benefits administration Microsoft Access Spreadsheets Bachelor's degree

Business Administration Business Accounting Full Job Description Roles& Responsibilities:

• Ensures accurate and timely processing of payroll updates including new hires, terminations, and changes to pay rates.
• Runs payroll for various payroll cycles (Off-cycle's, Weekly, Bi-weekly, andMonthly)
• Prepares and maintains accurate records and reports of payroll transactions.
• Providesupport for audits related to payroll.
• Facilitateaudits by providing records and documentation to auditors and implementprocesses and procedures to improve payroll efficiency and accuracy.
• Provideoversight and direction to Payroll union staff in performing tasks.
• Participatesin the implementation and development of

NJ TRANSIT

policies and procedures tomaintain consistency, improve methodology and efficiency of accountingoperations.

• Ensures accurate withholding of deductionsfrom employee pay, in accordance with federal, state, and local regulations.
• OverseesElectronic Payments of employees pay, ensuring mandatory direct depositparticipation for specified groups of employees. Handle employee account setup,payroll payment reversals and bank returned funds, as well as creating manualcheck (replacements).
• Responsible for accurate and timelydisbursements and reporting to third parties, including processing the weeklyand monthly interface files to Accounts Payable.
• Performs and reviews analyses of selectedgeneral ledger accounts; identifies and resolves reconciling items andaccounting issues on a timely basis.
• Responsiblefor all pension-related deductions, payments, and reporting. This includesdefined benefit plans, defined contribution plans and NJ State pension plans(PERS and PFRS).
• Processinbound and outbound payroll interface files, while complying with requiredfile layout specifications, troubleshooting errors, and reconciling data.
• OverseesNJ Transit Pension Payroll. Reviews and approves pension calculations, pensionand deduction refunds, voluntary/nonvoluntary deductions, taxes, direct depositand address changes.
• Providesoversight direction to the clerical staff in the performance of specific tasksand responsibilities.
• RunDiscoverer Reports and prepare detailed reports for third party payments, aswell as all levels of management to facilitate the flow of Payroll informationand resolve issues.
• Testingfor periodic system upgrades.
• Perform other duties and miscellaneousprojects as requested by management
• Provideexcellent customer service to all internal/external customers.

Education,Experience & Qualifications:

• Bachelor'sdegree in finance, Accounting, Business Administration, Human Resources orrelated area
• Three(3) to five (5) years of Payroll experience
• Any relevant combination of relevant educationand experience may be substituted for degree requirement.
• Experiencewith payroll processing

Knowledge& Skills:

• Knowledgeof payroll functions include preparation, balancing, timekeeping and accruals.
• Requiredproficiency in (MS) Excel, spreadsheets, macros, Access databases, and other MSapplications.
• Detailoriented with a high degree of accuracy.
• Stronganalytical and problem-solving skills.
• Ableto multi-task and prioritize meeting deadlines.
• Musthave excellent written and verbal skills.

•

Preferred:

Payroll HCM (Oracle) experience a plus.

Discoverer or Orbit Report Writer experience a

Pay:

$50.39 per hour

Work Location:

In person