Payroll Funding Analyst

City of New York; New York (NY); On-site; USD 70,000 - 80,000; Full time

Job summary

City of New York is seeking a Payroll Funding Analyst for the Payroll Funding, Certification and ACH Unit. The role involves funding City payrolls, calculating EFT escrows, and reconciling ACH and pension payroll files while coordinating with multiple systems.

The position is based at 5 Manhattan West, NY, with a 35-hour day shift. Ideal candidates have a master’s or relevant combination of education and experience, and strong Excel and communication skills to support complex funding processes

Qualifications

• Master's degree in economics, finance, accounting, public administration, or related field.
• Bachelor's degree with 2 years of professional experience in budget/financial administration or related area.
• Associate degree with 4 years of professional experience as described.
• High school diploma or equivalent with 6 years of experience.
• Combination of education and/or experience equivalent to the above; college credits may substitute for experience.

Responsibilities

• Fund all City agencies’ payrolls by preparing Schedule of Funding Forms using RMDS reports and submitting PRB1/PHM documents in FMS.
• Calculate EFT escrow amounts and prepare funding schedules for EFT escrows, EFT Net Pay and negative escrows.
• Confirm net pay and escrow deductions ACH credit files for PMS and PPMS and release these files via Infodex system.
• Make daily bank deposits into City accounts using IDD devices and distribute deposits via email.
• Assist with check refunds, direct deposit reversals and negative one-time deductions for direct deposit credit returns.
• Respond to direct deposit inquiries by phone or email; perform other payroll funding tasks as assigned.

Skills

Communication

Payroll Systems

Excel Proficiency

Education

Master's degree in economics, finance, accounting, or public administration

Bachelor's degree with 2 years relevant experience

Associate degree with 4 years relevant experience

High school diploma with 6 years relevant experience

Education/experience combination per above

Job description

• Job Category: Finance, Accounting, & Procurement
• Salary Band: $70,000 to $80,000
• Compensation: USD 62,517 - USD 80,000

Job Description

The NYC Financial Information Services Agency-Office of Payroll Administration (FISA-OPA) seeks to hire a Payroll Funding Analyst for the Payroll Funding, Certification and ACH Unit. The selected candidate will perform the following tasks:

• Fund all City agencies’ payrolls by preparing Schedule of Funding Forms using various Report Management and Distribution System (RMDS) reports and submitting Payment Request – Balance Sheet (PRB1) and Payment Hold Maintenance (PHM) documents in the Financial Management System (FMS);
• Calculate Electronic Funds Transfer (EFT) escrow amounts for all payroll cycles and prepare schedules of payroll funding for EFT escrows, EFT Net Pay and negative escrows;
• Confirm net pay and escrow deductions ACH credit files for the Payroll Management System (PMS) active payrolls and Pension Payroll Management System (PPMS) pension payrolls and release these files via Infodex telephone system;
• Make daily bank deposits into multiple City bank accounts using Image Direct Deposit (IDD) devices, scan and distribute deposits to all relevant parties via email;
• Assist with check refund cancellations, direct deposit reversals and negative one-time deductions for direct deposit credit returns;
• Respond to direct deposit inquiries via phone or email and;
• Perform miscellaneous tasks of a payroll funding nature as assigned by the Supervisor and/or Directors.

Preferred Skills

• Excellent verbal and written communications skills
• Experience with Pi, PMS, RMDS (Report Management and Distribution System) and CHRMS (City Human Resource Management System)
• Excellent mathematical skills or proficiency in Excel

Additional Information

#O-37

Hours/Shift

35 Hours/Day Shift

Work Location

5 Manhattan West, New York, NY

STAFF ANALYST - 12626

Qualifications

A master's degree from an accredited college in economics, finance, accounting, business or public administration, human resources management, management science, operations research, organizational behavior, industrial psychology, statistics, personnel administration, labor relations, psychology, sociology, human resources development, political science, urban studies or a Juris Doctor degree from an accredited law school; or

A baccalaureate degree from an accredited college and two years of satisfactory full- time professional experience working in one or a combination of the following areas: working with the budget of a large public or private concern in budget administration, accounting, economic or financial administration, or fiscal or economic research; in management or methods analysis, operations research, organizational research or program evaluation; in personnel or public administration, recruitment, position classification, personnel relations, labor relations, employee benefits, staff development, employment program planning/administration, labor market research, economic planning, social services program planning/evaluation, or fiscal management; or in a related area.

An associate degree or completion of 60 semester credits from an accredited college and four years of satisfactory full-time professional experience as described in "2" above.

A four-year high school diploma or its educational equivalent approved by a State's department of education or a recognized accrediting organization and six years of satisfactory full-time professional experience as described in "2" above.

A combination of education and/or experience equivalent to “1”, “2”, “3”, or “4” above. College education may be substituted for professional experience at the rate of 30 semester credits from an accredited college for one year of experience. However, all candidates must have a high school diploma.

Special Note: To be eligible for placement in Assignment Level II, individuals must have, after meeting the minimum requirements, one additional year of professional experience as described in "2" above.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.