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Senior Financial Accountant

2 months ago

Maplewood, New Jersey, United States NJ TRANSIT Full time
Senior Financial Accountant - Payroll Tax Management

Finance Department

Join us at NJ TRANSIT, where we are dedicated to revolutionizing the third-largest transportation agency in North America. Our mission is to provide safe and dependable service that ensures our customers reach their destinations punctually. We are seeking skilled professionals who are committed to excellence to help us achieve this goal.

Key Responsibilities:
  • Develop and manage G/L Journal Entries to guarantee prompt and precise reporting of Payroll information.
  • Conduct G/L Account Reconciliations (balance sheet/income statement) to confirm correct and accurate account activities.
  • Analyze Payroll G/L accounts; identify and address reconciling items and accounting discrepancies efficiently.
  • Oversee the reconciliation, payment, and submission of Payroll Tax withholdings, including Railroad Retirement (RRB) Taxes.
  • Verify and establish accurate RRB/Federal/State/Local Tax configurations of employee records based on W4 forms, work state, residence state, and Rail vs. Non-Rail status, including employee transfers and new hires.
  • Investigate tax-related issues utilizing various payroll publications and government resources, summarize findings, and communicate them to all management levels.
  • Assist in coordinating information requests for both internal and external audits.
  • Support year-end balancing and reconciliation to ensure accuracy in Payroll and W2 reporting.
  • Maintain monthly postings of creditable months for RRB reporting.
  • Execute weekly direct deposit and ACH bank transmissions, positive pay (check) files, and associated reconciliations.
  • Generate queries, manage downloads, and create detailed spreadsheets and reports for all management levels to facilitate Payroll information flow and resolve issues.
  • Conduct system testing and troubleshoot issues, implement new processes, and manage periodic vendor upgrades.
  • Provide guidance and oversight to Payroll union staff in task execution.
  • Deliver exceptional Customer Service to all internal and external stakeholders.
  • Complete projects as assigned by various management levels.
Supervision Provided:
  • N/A
Education, Experience, and Qualifications:

Preferred:
  • Bachelor's degree in finance, Accounting, Business Administration, or a related field, along with five (5) years of Payroll experience.
Knowledge and Skills:
  • Proficiency in (MS) Excel, spreadsheets, macros, Access databases, and other MS applications is essential.
  • Detail-oriented with a strong emphasis on accuracy.
  • Ability to multitask and prioritize to meet deadlines effectively.
  • Excellent written and verbal communication skills are required.
Preferred:
  • Experience with Payroll HCM (Oracle) is advantageous.
  • Familiarity with Payroll Journal Entries, Account Reconciliation, Payroll Tax, and Deduction regulations is beneficial.
  • A critical thinker and self-starter, with experience in RRB Tax and Discoverer or Orbit Report Writer is a plus.
Physical Requirements:
  • Occasional lifting of boxes weighing up to 30 pounds may be necessary.
At NJ TRANSIT, you will receive a competitive salary and an excellent benefits package:
  • Comprehensive Family Health Insurance including Medical, Prescription, Dental, and Vision coverage.
  • Flexible Spending Account options.
  • Life Insurance benefits.
  • Paid Leave policies.
  • Tuition Assistance programs.
  • Pre-Tax Commuter Benefits Plan.
  • Retirement Plans including:
    • 401(a) - Retirement plan with a 6% employer contribution.
    • 401(k) - Retirement savings plan with up to a 3% company match.
    • 457(b) - Deferred Savings Plan.
At NJ TRANSIT, we value diversity and inclusivity as essential components of our success. We are committed to hiring individuals from diverse backgrounds, experiences, abilities, and veteran status. As an Equal Opportunity Employer, we encourage all qualified applicants to consider joining our team.

Learn more about NJ TRANSIT and sign up to receive an invitation to our next live information session at WWW.NJTRANSIT.COM/BEST