Job Title

Payroll Accountant

Who We Are

Jennison Associates is a global investment management firm with over $200 billion in Assets under Management spanning across a range of various equity and fixed income investment strategies. Jennison was founded in 1969 on the principle that doing what’s best for clients will always be right for the business. Grounded in our firm values of integrity, collaboration and client focus, the mission across all areas of our firm is to deliver superior long-term investment returns and excellence in client service. This singular focus is embedded in our culture and reflected in the way we invest, the service we provide to our clients, and the people we hire. We recognize that each employee plays a key part in achieving our mission, regardless of their role or title. As a result, we continually strive to make Jennison a fulfilling and rewarding place to work for all employees.

Our Function

Under the general direction from the Director of Payroll & Compensation Forecasting, the Payroll Specialist is responsible for the payroll administration, and processing. Overall knowledge of the law related to processing payroll including the understanding of administering the federal, state and local tax withholding is a plus. Performs a variety of complex accounting functions in the preparation, processing and maintenance, verification and reconciliation of employee leave information, retirement, payroll/benefit records and payment of funds for Jennison personnel; performs related duties as required. 

Your Impact

Your responsibilities will include, but are not limited to the following:

Payroll Processing

• Calculate compensation based on agreements and liaise with Human Resources
• Entering data into payroll system via input screens for semi-monthly and bi-weekly payroll transmissions
• Process and transmit files to third party vendors
  • Produce and transmit payroll funding sheets (payroll, loans, PSPP and 401K)
• Communicate to retirement plan administrator amounts for each payroll related to the 401K plan
• Reconciling pre-payroll transmission reports
• Preparing import files for employee benefit programs
• Reconcile, and review quarterly tax file from 3^rd Party vendor
• Review year-end W-2’s
• General understanding of the federal, state and local withholdings laws
• Report new hires to appropriate states
• Primary point person for payroll related questions from employees

General Ledger

• Under the direction from the Director of Payroll & Compensation Forecasting, produce and reconcile journal entries for each payroll to the general ledger
• Reconcile liability accounts related to payroll and various compensation accounts
• Assist with the year-end processing of:
  • Bonus withholding forms
  • Bonus payroll reconciliation
  • Deferred compensation elections
  • W-2 reconciliation and submission
  • Collection and monitoring of IT-2104.1

Other

• Assist with various internal and external audits:
  • Annual company audit
  • Retirement plan audit
  • Various State audits
• Maintains payroll guidelines by writing and updating policies and procedures
• Maintains employee confidence and protects payroll operations by keeping information confidential
• Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal networks and participating in professional societies
• Various adhoc requests

Your Required Skills

Your required skills must include:

• Bachelor’s Degree (advanced degree a plus)
• 2 – 3 years of payroll related or accounting experience
• Payroll industry designation a plus
• Solid working knowledge of accounting principles
• Solid understanding of payroll law and procedures
• Ability to multi-task, manage time and accept changing priorities
• Ability to partner and interface with Human Resource personnel and effectively communicate with management
• Detail oriented
• Advanced knowledge of MS Office tools such as: excel, word, outlook and power point
• Working knowledge of Ultimate Software or comparable payroll software a plus

• Working knowledge of Business Intelligence Reporting (or similar) a plus

What We Offer

Jennison offers a generous benefits package including but not limited to: premier medical benefits, paid time off, a retirement profit sharing plan, wellness reimbursement, fully paid parental leave, family planning support, paid membership to concierge primary care, supplemental mental wellness benefit provides annual allotment of fully paid therapy sessions and unlimited coaching, additional health and wellness benefits, and life insurance. Our hybrid work model provides employees with the flexibility to work remotely 2 days a week.

The base salary range for this role is $100,000 - $115,000. Individual salaries for this role may vary based on various factors including but not limited to, years of experience, range in corporate level, candidate skills, and geographic location. Eligibility to participate in a discretionary annual incentive program is subject to rules governing the program, whereby an award, if any, depends on various factors including but not limited to, individual and organizational performance.

Jennison is committed to treating all applicants and employees fairly and to providing equal opportunity in compliance with applicable federal, state and local laws. Jennison does not and will not discriminate against any employee or applicant for employment on the basis of race, religion, ancestry, color, gender, gender identity, pregnancy, age, physical or mental disability, national origin, marital status, sexual orientation, citizenship status, covered-veteran or military status, genetic information, and/or any other factor protected by law.