About Navient

Navient, (Nasdaq: NAVI) and subsidiary companies, provide technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education, healthcare, and government. Learn more at navient.com.

This is a hybrid role with 2 days a week out of our Herndon office

This is a temporary position that does not offer benefits, however a permanent position may open in the future which, if offered, will include the full Navient benefit package.

Prior to Payroll Managers sign-off, incumbent is responsible for the data integrity and accurate and timely preparation and submission of the bi-weekly payroll for 7,500+ employees. Incumbent is solely responsible for the processing of all Supl. Payrolls which include bonus, commission, stock options and the ESPP compensation plans. Incumbent is responsible for the registration and set-up of new state withholding and unemployment tax filings. Incumbent transfers employees who are relocating in, or transferring to, other states. Incumbent will also process state tax changes while understanding the complexity of state reciprocity laws.

The Sr. Payroll Accountant is a Payroll expert who addresses and administers the more complicated payroll tasks and understands how to make changes, corrections and adjustments to the software used by Navient (currently Vantage, Workday Time and Workday HR) for individuals and companywide. Employee interfaces daily with Management and acts as a sounding board when issues arise that require a solution. Incumbent will research and respond to 50+ employee specific paycheck questions bi-weekly.

The Sr. Payroll Accountant will assist and train our two Sr. Payroll Processors in their responsibilities, assignments and bi-weekly tasks. This also includes training them and reviewing employee paycheck adjustments transactions required to properly reflect the employee’s pay. When payroll staff have questions as to how to process a transaction, they go to the incumbent for advice and additional training.

The Sr. Payroll Accountant is a source of information for departments that include Human Resource, Leave Administration, Compensation, Treasury and Financial Accounting. Incumbent is a key employee that assist Payroll in adhering to our ICE internal controls and correspondence and liaison with both our Internal and External auditors. Employee is also a key team member to provide input for new systems or upgrades while monitoring systems for accuracy and communicating those results. Employee must work independently and efficiently, anticipate and prepare for management questions and provide outstanding customer service throughout the organization and third parties.

Overall, The Sr. Payroll Accountant is the go-to employee when the Sr Payroll Manager is unavailable and Payroll information and knowledge is required.

1. Bi-weekly Payroll Accuracy and Timeliness

• Release the Payroll and reconcile the bi-weekly payroll for approx 7,500 employees with $500M in annual compensation with as close to 100% accuracy as practical.
• Notify management of issues and concerns with the bi-weekly payroll and come forward with solutions.
• Respond to employee inquiries regarding their paychecks. Ensure all internal control processes, confidentiality and policy and procedures are followed. Process manual/voids as necessary. Track daily banking activity and payroll adjustments made or needed.

2. Process Supplemental and Adjustment payrolls as requested:

• Commissions and Bonus monthly
• MIP and Subsidiary bonuses and Incentive plans quarterly
• Retro Overtime for 2,000 employees monthly
• Quarterly 941 adjustments and annual W-2 and W-2C corrections.

3. Department, Employee Communication and Customer Service

• Support the Payroll Help Desk and respond to employee questions and inquiries.
• Notify fellow employees of issues that arise and appropriate resolution.
• As requested, review Sr. Payroll Processors input for potential errors and discrepancies.
• Monitor compensation, deductions and distributions.
• Participate with recommendations and testing of system changes or upgrades as needed.

4. Customer Service, Management Analysis and Special Projects as Assigned

• Complete weekly special projects as requested by Management
• Provide management and other departments or subsidiaries with Ad hoc reports/analysis as needed.
• Provide other departments/subsidiaries with requested payroll analysis
• Provide excellent customer service to employees, other departments and external contacts.

5. Other

• Complete ad hoc analyses as required.
• Maintain internal control and procedural documentation. Recommend and implement efficiencies as appropriate. Report on our internal controls to both External and Internal auditors.
• Complete or assist with assigned projects as needed and Sr. Mgmt. support as requested.
• Oversee individual/group related projects as assigned. Cross-train with other team staff to provide support when needed

MINIMUM REQUIREMENTS:

• Some College - Accounting or Business with Accounting concentration – additional equivalent experience may substitute
• 5+ years of experience in accounting and payroll administration
• Excellent analytical and deductive reasoning skills
• Ability to adapt, work with employees (our customers) and mgmt.

PREFERRED QUALIFICATIONS

• CPP certification helpful
• Experience with large corporate accounting and payroll systems
• Understanding of accounting for benefit plans and state taxes s desired
• People skills and an ability to work in a fast pace environment and meet deadlines