What are the responsibilities and job description for the Director, Payroll Taxes, Accounting & Deductions position at NJ TRANSIT and Careers?
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
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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
Learn more about NJ TRANSIT! Sign up to receive an invitation to our next live information session at WWW.NJTRANSIT.COM/BEST