Director, Payroll Taxes, Accounting & Deductions

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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