Principal Accountant, Payroll Deductions

NJ TRANSIT; Newark (NJ); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Health Insurance

Flexible Spending Account

Life Insurance

Paid Leave

Tuition Assistance

Pre-Tax Commuter Benefits Plan

Retirement Plans

401(a) Plan

401(k) Plan

457(b) Plan

Job summary

NJ TRANSIT, a major transportation agency in Newark, seeks an experienced Accountant to monitor financial data, ensure GAAP compliance, and assist with payroll-related accounting tasks. The role supports policy implementation and reporting to management across the finance function.

The position emphasizes accuracy in expenditures, timely disbursements, and collaborative oversight of junior staff, with comprehensive benefits including retirement plans and tuition assistance.

Qualifications

• Bachelor's Degree in Accounting or related field.
• Five years of accounting experience, preferably in Payroll.

Responsibilities

• Monitor accounting, reporting and control of financial data per policy, regulations and GAAP.
• Support implementation and development of NJ TRANSIT policies to improve efficiency.
• Prepare and distribute detailed reports for management to facilitate financial information flow.
• Review expenditures to ensure proper recording of expenses.
• Oversee disbursements and reporting to third parties, including AP interface files.
• Analyze general ledger accounts and resolve reconciling items and issues promptly.
• Provide oversight to junior accountants on tasks and projects.

Skills

Accounting

Payroll experience

Education

Bachelor's Degree in Accounting

Tools

Microsoft Excel

General Ledger Software

Job description

Move forward with us!

At NJ TRANSIT, you will 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 are looking to hire talented people with a love of learning to make it all possible!

Roles And 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.
• Prepares and distributes detailed reports for all levels of management to facilitate the flow of financial information and/or resolution of problems related to accounting.
• Reviews expenditures either by request of management or predetermined guidelines established by management, to ensure that all expenses are properly recorded.
• 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.
• Provides oversight to lower level accountants in the performance of specific tasks or special projects.

Education, Experience, And Qualifications

• Bachelors Degree in Accounting or related
• Five (5) years of applied accounting experience, preferably in Payroll.

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

Learn more about NJ TRANSIT! Sign up to receive an invitation to our next live information session at WWW.NJTRANSIT.COM/BEST