HR Payroll Associate

PJT Partners•New York, NY

6d•$100,000 - $120,000

About The Position

PJT Partners is a global advisory-focused investment bank. Our team of senior professionals delivers a wide array of strategic advisory, shareholder advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments around the world. We offer a unique portfolio of advisory services designed to help our clients achieve their strategic objectives. We also provide, through PJT Park Hill, private fund advisory and fundraising services for alternative investment managers, including private equity funds, real estate funds and hedge funds. From the beginning, PJT Partners has firmly believed that having the best people is key to building an enduring franchise. Our perspective was, and remains, that a great team brings in both top tier clients and appeals to a wide-range of diverse, talented colleagues. Fostering an inclusive culture, which welcomes differing perspectives and beliefs, enables us to provide the best advice and insights to our clients. To learn more about PJT Partners, please visit our website at www.pjtpartners.com. Firm Profile: PJT Partners is a global advisory-focused investment bank. Our team of senior professionals delivers a wide array of strategic advisory, shareholder advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments around the world. We offer a unique portfolio of advisory services designed to help our clients achieve their strategic objectives. We also provide, through PJT Park Hill, private fund advisory and fundraising services for alternative investment managers focused on strategies including private equity, real estate, alternative credit and hedge funds. From the beginning, PJT Partners has firmly believed that having the best people is key to building an enduring franchise. Our perspective was, and remains, that a great team brings in both top tier clients and appeals to a wide-range of diverse, talented colleagues. Fostering an inclusive culture, which welcomes differing perspectives and beliefs, enables us to provide the best advice and insights to our clients. To learn more about PJT Partners, please visit our website at www.pjtpartners.com.

Requirements

Bachelor’s Degree in Accounting, Finance, or a related field;
3-5 years of experience in accounting or payroll administration;
Working knowledge of payroll tax concepts and compliance requirements;
Strong Microsoft Excel skills;
Excellent organization skills with a high level of attention to detail;
Ability to multi-task, prioritize and process a high volume of work while maintaining the highest standards;
Ability to analyze and resolve payroll issues;
Willingness to proactively identify issues and recommend solutions;
Ability to work independently as well as a desire to work in a team environment;
Appetite to learn and a willingness to get involved in developing professional experience with all aspects of payroll and benefit processes and ad hoc projects;
Demonstration of a high level of integrity, discretion, accountability and professionalism;
Ability to work well under pressure in a fast paced environment;
ADP WFN knowledge required;

Nice To Haves

Broad Workday knowledge preferred;

Responsibilities

Coordination with third party payroll providers and our internal payroll processor to ensure accurate and timely semi-monthly and monthly payroll output;
Responsible for reviewing data in ADP WFN;
Reconcile payroll output to supporting documentation to ensure all domestic payrolls are correct and obtain proper internal authorization;
Coordination with International Payroll team to ensure accuracy of shadow payroll;
Coordination with Compensation and Equity teams to ensure accurate payroll processing of RSUs, dividends, year end bonus;
Coordination with Tax team to ensure accurate compensation reporting on Form K-1s;
Review and reconcile payroll journal entries to ensure payroll is properly recorded to the general ledger;
Support payroll amendments for repayments by preparing and recording the related general ledger (GL) journal entries, and tracking amounts owed to/from tax authorities resulting from those amendments;
Review ADP wire confirmations and invoices, reconciling them to payrolls and amendments processed;
Review notices received from tax authorities, investigating and reconciling as needed;
Review and reconcile cash entries with the Finance team, identifying and resolving cash breaks in a timely manner;
Assist with year end compliance and reporting;
Review payroll processes and procedures; make changes as needed while ensuring adequate controls are in place and followed; recommend improvements;
Thoroughly document procedures to ensure steps are completed accurately and consistently;
Responsible for responding to audit and regulatory inquiries as it relates to Payroll, including managing the annual 401(k) and Workers’ Compensation audits; SOX testing and external audit requests as they relate to Payroll;
Stay abreast of changes in tax and compliance regulations applicable to employees/employers and assess impact to the payroll processes;
Support the Benefits Manager by ensuring employee benefits deductions (e.g., health, retirement, other elections) are set up, updated and processed accurately in payroll, including for new enrollments and terminations;
Answer employee queries related to payroll and benefits deductions.