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SalaryJob Summary:
Bessemer Trust is seeking an experienced Payroll and Tax Specialist to join its Family Office Management group. Responsibilities will include payroll processing through ADP Workforce NOW, maintaining time keeping records, reviewing Payroll and payroll reports for accuracy, reconciling of weekly and quarterly wage and Tax reports, and maintaining accurate set up and Tax filings federally, as well as in multiple states and jurisdictions. This is a client facing role in a collaborative, fast-paced environment where things change very quickly.
Primary Responsibilities:
- Perform pay data entry using ADP Workforce NOW.
- Implement, maintain, and review payroll processing systems to ensure timely and accurate processing of payroll transactions.
- Work with federal and state agencies to setup new client payroll accounts.
- Work with ADP’s implementation staff to setup new client payroll accounts.
- Produce payroll ireports using ADP Workforce NOW.
- Process WC/SDI insurance payments and annual audits through internal cash system.
- Respond and resolve payroll questions and discrepancies in a professional, accurate and timely manner while delivering quality client service.
- Reconcile client payroll reports using Microsoft Excel.
- Reconcile ADP quarterly tax returns.
- Maintain client files within internal electronic filings system.
- Ensure compliance with federal, state, and local payroll, wage, and hour laws and best practices.
- Assist with year-end payroll activities including W-2 processing.
- Perform other duties as assigned.
Qualifications:
- Bachelor’s degree in accounting or payroll preferred.
- APA Certification preferred.
- 3-5 years of knowledge of payroll processing and Tax filing/depositing process.
- Advanced knowledge with ADP Workforce NOW.
- Understanding of how to import time through the ADP Time and Attendance System.
- Must be able to perform payroll entries, federal and state tax principles, wage and hour laws for both corporate and household type entities in multiple states.
- Must be able to reconcile Federal and State payroll tax returns.
- Understanding of state workers compensation and disability laws.
- High proficiency in Word, Outlook, and Excel.
About Bessemer Trust
Bessemer Trust is a leading multifamily office, overseeing more than $200 billion in assets for 3,000 individuals and families of substantial wealth. Its 1,200 employees are singularly focused on private wealth management — disciplined investment management, sophisticated wealth planning, comprehensive family office services, and highly personalized client service.
Established in 1907 as the family office for Annie and Henry Phipps, Bessemer Trust is in its seventh generation of ownership by the Phipps family. As a self-made entrepreneur, Henry Phipps was a founding partner and chief financial officer of Carnegie Steel.
Bessemer Trust retains its original focus as a privately owned and independent wealth manager deeply committed to its mission of providing peace of mind to its clients. Bessemer's adherence to putting clients' interests first, fiduciary mindset, and highly collaborative culture are at the heart of everything the firm does.
Key Facts
- For 117 years, Bessemer Trust has operated continuously in a single line of business, independently owned by one family.
- Headquartered in New York’s Rockefeller Center, Bessemer Trust has 22 offices in total. Woodbridge, NJ, is one of the firm’s largest offices, which hosts a wide range of technology and operations professionals. In addition to its sizable presence in New York and Woodbridge, the firm provides client service through offices in Atlanta, Boston, Chicago, Dallas, Delaware, Denver, Garden City, Grand Cayman, Greenwich, Houston, Los Angeles, Miami, Naples, Nevada, Palm Beach, San Diego, San Francisco, Seattle, Stuart, and Washington, D.C.
- To watch a video about Bessemer Trust’s history, click here.
- To learn more about Bessemer Trust, click here.
About Our Employee Rewards and Benefits
We provide exceptional rewards and benefits that are among the best in the industry, giving our people access to a wide range of options, including:
- Competitive base salary plus discretionary annual bonus for select positions
- A 401(k) plan with a generous annual profit-sharing contribution
- Personalized development and career opportunities, including tuition reimbursement support
- Comprehensive medical, dental, and vision plans with zero contributions for employee coverage
- Employee assistance (EAP) and wellness programs
- Hybrid work environment: 60% in office, 40% remote for most positions
- Paid time off and paid parental leave
- Employer-paid life insurance and short- and long-term disability coverage
- Legal services and financial wellness plans at no cost to employees
Bessemer Trust is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. We encourage candidates of diverse backgrounds to apply.
