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Financial Accountant - Workers Compensation and Payroll

Objectives:? To ensure the accuracy of select balance sheet accounts and expense accounts, with an emphasis on labor expenses.? To analyze and interpret the impact that feeder systems (listed below) have on the financial system.

Scope:? This position works primarily in an office environment, but will occasionally be required to go into the production areas.

Principle Challenge:? This position is self-directed in coordination with the Controller, the incumbent is relied on for detailed accounting knowledge, fluent PC skills, and expertise and analysis using various computer systems. This position is challenged to impact the work environment through effective management of workers compensation reserve funds as well as ensuring minimal payroll inefficiencies.

REPORTING RELATIONSHIP

Principle contacts for this position internally include superintendents, supervisors, bargaining Unit employees, medical department, safety department, and corporate and HR department personnel.? Outside contacts include Corporate Risk Management group, third party administrators, attorneys (this may include corporate legal), corporate payroll, and the USBS group.

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Accountabilities:

????????? Conducts payroll reconciliation/analysis, this position is the designated location liaison for payroll.

????????? Maintains and updates training manual for payroll systems ?Workbrain.? Conducts training for users of payroll system.

????????? Actual vs. budget, OT, and labor analysis.

????????? State & federal government report preparation.

????????? Monthly closing activities including but not limited to journal entries and analysis.

????????? Analyze costs, and data associated with the functions of the third party administrators who oversee our workers compensation claims.?

????????? Determine action to be taken to resolve settlements, reserving activities, and losses.

????????? Prepare response for requests regarding assessment fees, annual report of indemnities paid, and the general maintenance of our status.

????????? Coordinated effort with the medical and safety staff (and Corporate Risk Management and legal counsel when applicable) to provide direction and leadership in resolution of high-risk claims.? Provides final approval of settlement of claims as they are being negotiated, following review with location.

????????? Provides advice and counsel to all levels of management at both plants as it relates to workers comp process management and overall case management and cost control.

????????? Accountable for $5M open reserve at Massena West

????????? Responsible for ensuring payroll and workers compensation processes maintain audit compliance.

????????? Manages and reviews changes in reserves and influx of case activity periodically for budgeting and planning activities.? Communicates reserve changes (monthly), provides forecast to finance, and sends summary to the appropriate departments.

????????? Tracks inefficiencies of third party administrators as it relates to customer service, cost containment, and effectiveness of proper administration.? Conducts TPA reviews at least 2 times annually.

????????? Created and maintains a payroll error matrix, allowing supervisors and department heads to monitor the errors their respective areas are responsible for in an effort to mitigate the incorrect behavior and prevent an overpayment situation (which is unrecoverable in NYS through an automatic deduction in employees? paychecks).

????????? Will assist with the design of payroll system modifications as labor agreement dictates or when inconsistencies are identified.? Conducts all necessary testing of such modifications prior to implementation to ensure 100% accuracy.

????????? Responsible for all ?cash? transactions for the location, which includes managing the imprest fund ($150,000 limit per check), issuing wire transfers (there is no $ limit) and E-vouchers (there is no $ limit), and maintaining and managing the finance department LVP card.

????????? Supports various analyses and other projects as needed.


Qualifications

Basic Qualifications:

Associate's Degree from an accredited institution

Employees must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire. Visa sponsorship is not available for this position.?
U.S. Reqs Only
This position is subject to the International Traffic in Arms Regulations (ITAR) which requires U.S. person status. ITAR defines U.S. person as an U.S. Citizen, U.S. Permanent Resident (i.e. 'Green Card Holder'), Political Asylee, or Refugee.

Preferred:

Experience with payroll processing, NYS Worker's Compensation, extensive Excel knowledge.

Associate's Degree in Finance, Accounting from an accredited institution


 

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