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Remittance Specialist

Location : Richmond, VA
Job Type : Temp/Contract
Hours : Full Time
Travel : No
Relocation : No
Job Industry : Accounting - Finance
Job Category : Accounting/Auditing

Job Description :

Monday-Friday 7:30 am to 4:00 pm




Daily Check Production:


Assist with daily, quarterly and future dated check production cycles for retired pensioners meeting specific time deadlines throughout the day by data entry into the Payment Settlement & Reconciliation (PS&R) and mainframe OmniPay system.


 


Tax Reporting


Assist with all aspects of federal and state withholding tax reporting for 401, 457 and IRA investors.  Perform all aspects of federal and state withholding tax reporting for federal and state revenue agencies.


 


Daily Process:


• Pull the daily Special Handling report and check for PO Boxes and email the report to other units.


* Pull daily Check Reports / Run Daily Check Queries for CIS Issues / Sale Force Cases.


*  Pull daily CIS Issues for Stops /  Voids and print by PDF to the daily folders via CIS .


* Pull Sale Force Cases for:  Ach Rejects, Direct Deposit Updates, Tax Related Issues and Mics cases.


* Process Daily Stops, Voids, ACH Rejects  via PS&R.


* Process Direct Deposit changes via OmniPay.


• Update, return and close current and prior day CIS Issues and  Sale Force cases daily.


* Remit Federal Tax Payments and State Tax Payments daily.


• State Weekly Reconciliation: Enter totals for current year / prior year liabilities and reconcile


•  Review Federal Taxes filing monthly by comparing deposits and payments to the IRS website.


• Review 41 states for State / Escheat filing changes – each quarter.


• Reconcile the 945 Federal Taxes for Vantagepoint – monthly for year-end.


• Assist with afternoon processing and Q/A processing requests.


 


Perform  Tax :


•Assist with remitting multi-state withholding payments for daily, weekly, semimonthly, and monthly


via ACH debit processes. Update State Tax database and send Macro to Finance.


• Assist with Quarterly reconciliation/filing of required state and federal tax returns.


• Assist with Annual reconciliation/filing of state and federal tax returns.


• Assist with Spring / Fall Escheat Filing creating payments


* Assist with returned  1099R Tax Forms.


* Assist with reviewing the 1099R tax forms.


• Other MICS duties as assigned and needed.


 


1-3 years accounting, financial services or similar environment and one year retirement plan record keeping or directly related experience.
Required Qualifications :
 
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