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Payroll Specialist

Company: Verisk
Location: Jersey City
Posted on: April 8, 2021

Job Description:

Company Description

At the heart of what we do is help clients manage risk. Verisk (Nasdaq: VRSK) provides data and insights to our customers in insurance, energy and the financial services markets so they can make faster and more informed decisions.

Our global team uses AI, machine learning, automation, and other emerging technologies to collect and analyze billions of records. We provide advanced decision-support to prevent credit, lending, and cyber risks. In addition, we monitor and advise companies on complex global matters such as climate change, catastrophes, and geopolitical issues.

But why we do our work is what sets us apart. It stems from a commitment to making the world better, safer and stronger.

It's the reason Verisk is part of the UN Global Compact sustainability initiative. It's why we made a commitment to balancing 100 percent of our carbon emissions. It's the aim of our "returnship" program for experienced professionals rejoining the workforce after time away. And, it's what drives our annual Innovation Day, where we identify our next first-to-market innovations to solve our customers' problems.

At its core, Verisk uses data to minimize risk and maximize value. But far bigger, is why we do what we do.

At Verisk you can build an exciting career with meaningful work; create positive and lasting impact on business; and find the support, coaching, and training you need to advance your career. We have received the Great Place to Work-- Certification for the fifth consecutive year. We've been recognized by Forbes as a World's Best Employer and a Best Employer for Women, testaments to our culture of engagement and the value we place on an inclusive and diverse workforce. Verisk's Statement on Racial Equity and Diversity supports our commitment to these values and affecting positive and lasting change in the communities where we live and work.

Job Description

Verisk is looking for a highly motivated, analytical, and dynamic individual to join our Payroll team. In this role, you'll be responsible for all payroll-related updates for home office employees/and larger outside subsidiaries.

The Day To Day Responsibilities Of This Role Are

  • Reconciliation of semimonthly/biweekly controls to ensure proper expense & liability recognition to the General Ledger.
  • Update and maintain Direct Deposit Enrollments, 401k Enrollments & Loan deductions, Employee Stock Purchase Plan, Medical, Dental, Vision, and FSA Plans, and all other benefit-related elections.
  • Review and coordinate New Hire Data submitted by HR via PeopleFluent for proper employee date, work location, & tax location data.
  • Assist in maintaining accurate tax withholding recognition for Federal, State and Local tax jurisdictions.
  • Process special payroll payments.
  • Electronic file creation and submissions to third-party vendors as they relate to biweekly ACH files, bank reconciliations, FSA's, 401k/Loan Plan, and HSA Plans.
  • Assist in meeting expectations of the Payroll Dept. as dictated by new acquisitions.
  • Validation and reconciliation of Payroll changes.
  • Process and monitor garnishments, initiate and expedite remittances.
  • Create manual checks as required by specific state regulations for terminating employees.
  • Run all internal processes within Peoplesoft which require the creation of calendars, paysheets, continued calculation processes to ensure proper updates to employees pay, benefits, etc., create error reports, low pay alerts, and FICA refunds.
  • Coordinate with management as to the review and balancing of W-2 Data and the printing and mailing of W-2s.
  • Special ad-hoc projects
  • Cross-training payroll staff members to guarantee continued superior customer service is provided at all times to our internal and external customers.

    About You

    Qualifications
    • Two or more years of Payroll experience in an organization of comparable size is required.
    • Experience processing International payroll a plus.
    • Excellent verbal and written communication skills.
    • Strong attention to detail.
    • Peoplesoft/Oracle experience is strongly desired.
    • Must be proficient in MS Word, Excel and Outlook.
    • Bachelor's degree in Business, Finance, Accounting or related field.

      Additional Information

      Verisk Analytics is an equal opportunity employer.

      All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability.

      Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

      Consumer Privacy Notice

Keywords: Verisk, Jersey City , Payroll Specialist, Accounting, Auditing , Jersey City, New Jersey

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