Full-Time

Employment Tax and Payroll Accounting Manager 2

Posted on 11/20/2024

Northrop Grumman

Northrop Grumman

10,001+ employees

Aerospace and defense technology solutions provider

Cybersecurity
Aerospace
Defense

Compensation Overview

$112.2k - $158.4kAnnually

+ Bonus

Senior

No H1B Sponsorship

Irving, TX, USA

Position will be in Irving, Texas; no full-time telecommuting arrangement.

US Citizenship Required

Category
Tax Accounting
Payroll Accounting
Accounting
Required Skills
SAP Products
Data Analysis
PowerPoint/Keynote/Slides
Requirements
  • Bachelor’s degree in accounting, Finance, or a related field.
  • Certified Payroll Professional (CPP)
  • 10+ years of experience in payroll accounting and employment tax compliance, with at least 3 years in a leadership role.
  • Extensive knowledge of federal, state, and local employment tax laws and regulations
  • Must have proven analytical skills and ability to resolve complex payroll issues
  • Solid software skills including Word, Excel, PowerPoint, and Outlook
  • Experience with payroll and accounting systems such as ADP, Workday, SAP(S4), or similar platforms.
Responsibilities
  • Manage, mentor, and develop the employment tax and payroll accounting team.
  • Provide guidance on complex payroll tax and accounting issues to staff and cross-functional teams.
  • Ensure departmental goals align with organizational objectives and compliance requirements.
  • Oversee compliance with all federal, state, and local employment tax regulations.
  • Ensure timely and accurate filing of payroll tax returns, including Forms 941, 940, W-2s, and other required reports.
  • Monitor and interpret changes in tax laws and regulations, implementing necessary updates to systems and processes.
  • Manage relationships with external tax agencies and address inquiries or audits related to payroll taxes.
  • Oversee payroll-related journal entries, account reconciliations, and financial reporting.
  • Ensure accuracy of payroll-related transactions, including wages, benefits, and tax liabilities.
  • Lead the payroll accounting aspects of month-end and year-end close processes.
  • Collaborate with HR, IT, and Finance teams to ensure payroll processes align with accounting standards and organizational needs.
  • Prepare for and support internal and external audits related to payroll and tax compliance.
  • Develop and present reports on payroll tax compliance and financial performance to senior management.
  • Identify trends and opportunities for process improvement through data analysis and reporting.
  • Manage payroll system configurations related to tax compliance and accounting.
  • Lead system implementations, upgrades, or integrations impacting payroll tax and accounting processes.
  • Drive process improvements to enhance efficiency and accuracy in payroll operations.

Northrop Grumman provides advanced aerospace and defense technology solutions, focusing on areas such as autonomous systems, cybersecurity, and space operations. The company develops and manufactures systems that integrate various technologies to meet the needs of government and commercial clients. Its products include systems for command and control, intelligence, surveillance, and reconnaissance, among others. Northrop Grumman stands out from competitors by securing long-term contracts with government clients, which ensures a steady revenue stream and allows for significant investment in research and development. The company's goal is to maintain its leadership position in the aerospace and defense market through continuous innovation and by delivering comprehensive solutions that meet the evolving needs of its customers.

Company Stage

IPO

Total Funding

$192.2M

Headquarters

Falls Church, Virginia

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • Northrop Grumman's continuous innovation, exemplified by the Jackal missile and M230LF chain gun, positions it as a leader in cutting-edge defense technology.
  • The company's long-term contracts with government clients ensure a steady revenue stream and financial stability.
  • Significant investments in R&D and partnerships, such as the ammunition production line in Lithuania, offer growth opportunities and market expansion.

What critics are saying

  • The competitive bidding process for government contracts can lead to revenue volatility if Northrop Grumman fails to secure key deals.
  • Dependence on government contracts makes the company vulnerable to changes in defense budgets and political priorities.

What makes Northrop Grumman unique

  • Northrop Grumman's focus on advanced autonomous systems and AI capabilities, such as the FAAD ABM, sets it apart in the defense sector by enhancing real-time decision-making for warfighters.
  • The company's diversified revenue streams across Aerospace Systems, Mission Systems, and Technology Services provide stability and resilience against market fluctuations.
  • Northrop Grumman's strategic partnerships, like the one with Lithuania for ammunition production, expand its global footprint and strengthen international alliances.

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