Apply on Employer Site

NJ TRANSIT · 3 weeks ago

Principal Accountant- Payroll Taxes and Accounting

Newark, NJ

Full-time

Onsite

Senior Level, Lead/Staff

5+ years exp

NJ TRANSIT is transforming the third-largest transportation agency in North America and is seeking a Principal Accountant specializing in Payroll Taxes and Accounting. The role involves creating and processing journal entries, reconciling accounts, managing payroll tax withholdings, and ensuring accurate payroll reporting.

Public TransportationTransportation

Growth Opportunities

Responsibilities

Create and process G/L Journal Entries to ensure timely and accurate reporting of Payroll data

Prepare G/L Account Reconciliations (balance sheet/income statement) to ensure proper and accurate account activity

Perform and review analyses of Payroll G/L accounts; identify and resolve reconciling items and accounting issues on a timely basis

Responsible for the reconciliation, payment, and filing of Payroll Tax withholdings, including Railroad Retirement (RRB) Taxes

Establish/verify accurate RRB/Federal/State/Local Tax setup of employee records; based on W4 forms, work state, residence state, Rail vs. Non-Rail status, including employee transfers and new hires

Research tax issues using various payroll publications and government websites, summarize findings, and apply to all levels of management

Assist and coordinate information requests for internal and external audits

Assist with year-end balancing and reconciliation for accuracy of Payroll and W2 reporting

Maintain monthly posting of creditable months for RRB reporting

Process weekly direct deposit and ACH bank transmissions, positive pay (check) files, and related reconciliations

Run queries, manage downloads, and prepare detailed spreadsheets and reports for all levels of management to facilitate the flow of Payroll information and resolve issues

Perform system testing and troubleshooting issues, implement new processes, and periodic vendor upgrades

Provide oversight and direction to Payroll union staff in performing tasks

Provide excellent Customer Service to all internal/external customers

Complete projects as assigned by all levels of management

Qualification

Payroll Tax regulationsAccount ReconciliationPayroll Journal EntriesMS ExcelPayroll HCM (Oracle)Verbal skillsMulti-taskingDetail orientedWritten skillsCritical thinking