NJ TRANSIT · 4 weeks ago
Principal Accountant, Payroll Deductions
Newark, NJ
Full-time
Onsite
Senior Level, Lead/Staff
5+ years expNJ TRANSIT is transforming the third-largest transportation agency in North America and is seeking a Principal Accountant for Payroll Deductions. The role involves monitoring financial data, ensuring compliance with regulations, and overseeing payroll processes to ensure accurate and timely disbursements.
Public TransportationTransportation
Responsibilities
Monitors the accounting, reporting and control of financial data to ensure the accurate maintenance and reporting of expenditures in accordance with NJ TRANSIT policy and procedures, federal and state regulations, and GAAP
Participates in the implementation and development of NJ TRANSIT policies and procedures to maintain consistency, improve methodology and efficiency of accounting operations
Ensures accurate withholding of deductions from employee pay, in accordance with federal, state, and local regulations
Oversees Electronic Payments of employees pays, ensuring mandatory direct deposit participation for specified groups of employees. Handle employee account setup, payroll payment reversals and bank returned funds, as well as creating manual check (replacements)
Responsible for accurate and timely disbursements and reporting to third parties, including processing the weekly and monthly interface files to Accounts Payable
Performs and reviews analyses of selected general ledger accounts; identifies and resolves reconciling items and accounting issues on a timely basis
Responsible for all pension related deductions, payments, and reporting. This includes defined benefit plans, defined contribution plans and NJ State pension plans (PERS and PFRS)
Process inbound and outbound payroll interface files, while complying with required file layout specifications, troubleshooting errors, and reconciling data
Oversees NJ Transit Pension Payroll. Reviews and approves pension calculations, pension and deduction refunds, voluntary/nonvoluntary deductions, taxes, direct deposit and address changes
Provides oversight direction to the clerical staff in the performance of specific tasks and responsibilities
Run Discoverer Reports and prepare detailed reports for third party payments, as well as all levels of management to facilitate the flow of Payroll information and resolve issues
Testing for periodic system upgrades
Miscellaneous projects as requested by Senior Management
Provide excellent customer service to all internal/external customers
Qualification
Required
Bachelors Degree in Accounting or related
Five (5) years of applied accounting experience, preferably in Payroll
Knowledge of computerized financial systems required, with Payroll systems experience
Must be proficient in Microsoft Office, advanced in Excel, as well as excellent written, verbal and customer service skills
Preferred
Discoverer or Orbit report writer experience a plus
Benefits
Comprehensive Family Health Insurance – Prescription, Dental, Vision
Flexible Spending Account
Prescription
Life Insurance
Paid Leave
401(a) and 401(k) Retirement Plans-up to 9% employer contribution
Tuition Assistance
Qualified Transportation Expense Plan (QTE)
Company
NJ TRANSIT
Build your future as part of a dynamic company committed to transforming one of the premier transportation brands in North America.
5001-10000 employees
Funding
Current Stage
Late StageTotal Funding
$183.39MKey Investors
Federal Transit Administration
2024-07-09Grant· $99.5M
2024-05-28Grant· $83.3M
2022-12-14Grant· $0.59M
Leadership Team
Brendan Kaplan
Deputy CTO - Head of Innovation
Faisal Jameel
Chief Technology Officer
Recent News
bloomberglaw.com
2026-01-16
2025-12-13
The Philadelphia Inquirer
2025-10-30
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