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Compensation & Benefits Specialist
$83k-100k (estimate)
Full Time | Banking 1 Week Ago
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Advancial Federal Credit Union is Hiring a Compensation & Benefits Specialist Near Dallas, TX

Responsibilities

SUMMARY The Payroll & Benefits Specialist provides the support needed to ensure successful processing of benefits, payroll, recognition and awards, wellness, and compensation initiatives. This position requires an extremely perceptive person who is capable of relating to individuals at all levels within the organization.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

Administers all tasks necessary to accomplish the organization’s payroll and timekeeping process. Analyzes, prepares and inputs payroll data using an automated system to produce accurate and timely payroll. Continually audits and evaluates internal processes to identify areas of correction and find better efficiencies. Ensures compliance with all applicable state and federal wage and hour laws.

Review wages computed and corrects errors to ensure accuracy of payroll. Records changes affecting net wages such as exemptions and insurance premiums for each employee to update master payroll records. Performs various journal entries, account reconciliations, and provides general ledger support as needed.

  • Creates and provides reporting related to payroll, benefits and recognition and award, time and attendance, wellness programs, and compensation, including custom report creation, report scheduling that will help drive better organizational decisions. Prepares weekly, monthly, quarterly and year-end reports (gross payroll, hours worked, vacation accrual balances, tax deductions, etc.) for HR management as requested. Helps maintain data integrity in systems by running queries and analyzing data.
  • Participates in developing detailed user procedures, guidelines and documentation for any new program to include but not limited to benefits, compensation, recognition and awards, timekeeping, and Payroll system.
  • Administers employee recognition and rewards program and system. Continually evaluate the systems for improvements or enhancements and ensure proper communication to employees.
  • Assists with the tasks related to the annual organization and benefit audits as needed.
  • Coordinates and administers the organizations various employee benefit plans including medical, dental, vision, COBRA, life insurance, flexible spending accounts, health savings accounts, disability insurance, retirement plans (401K), and other unique benefit programs. Communicates benefits’ features to employees and communicate with benefit vendors and brokers as necessary.
  • Reconciles and submits benefit and HR related invoices for payment. Reconciles general ledgers, payroll and compensation reports, maintains documentation, and prepares and distributes correspondence related to compensation and benefits to ensure accurate record keeping and compliance with regulatory agencies, auditors, federal, state and local laws pertaining to all employee matters.
  • Provides information and assists employees with questions related to payroll, benefit enrollment, eligibility, plan features, provisions, and other matters related to compensation and benefits.
  • Ensures the accuracy of all benefit enrollments and assists with providing vendors with accurate eligibility information. Assists with distributing enrollment materials, and internal benefit communication.
  • Proactively performs quality checks to ensure accuracy on benefits, payroll, recognition and timekeeping on a routine and regular basis.
  • Coordinates and assists with open enrollment and annual biometric screenings as needed.
  • Work with HR Operations initiatives as needed. Participate in group meetings as well as one on one meetings to offer professional opinions and scenarios, helping to advocate for progressive change. Participate in understanding current processes and recommend enhancements that will support overall business strategies and operational needs.
  • In collaboration with HR Operations assists with employee records in accordance with the state and federal retention schedule and ensures payroll and benefit records are created, archived and/or destroyed in accordance with the schedule. Ensures records sync with the appropriate system using the most efficient method.
  • Commitment to provide a positive and caring atmosphere for members and employees consistent with the credit union’s mission and philosophy. Provide excellent customer service while using Member Service & Loyalty Skills: Focus on Member, Maintain/Enhance Self-Esteem, Listen, Maintain Personal Responsibility, Manage Complaints and Resolve Problems.
  • Ensures positive relationships with branches, internal departments and external partners.

The base range for this position is $60,082.34/yr. - $75,102.93/yr. based on experience, plus up to 8% incentives. 

Qualifications

EDUCATION and/or EXPERIENCE

Bachelor’s Degree (B.A.) or equivalent from four-year college or technical school; a minimum of five years of HR & Payroll systems, preferably ADP Workforce Now and corporate benefits administration experience, or a an equivalent combination of education and experience. HR certification preferred.

Advancial Federal Credit Union is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, or protected veteran status and will not be discriminated against on the basis of disability. Equal Employment Opportunity PostersAdvancial Federal Credit Union participates in the Electronic Employment Verification process. Please click here for more information.If you are an individual with a disability and would like to request a reasonable accommodation as part of the employment selection process, please complete the form below. If you’d like to view a copy of the company’s affirmative action plan, please complete this form.

Overview

Come Join The Best!

Advancial is a growing Credit Union looking to add an energetic, dynamic and collaborative Human Resource Director. We are seeking a candidate looking for an exceptional opportunity. The right candidate will be energetic, member and employee-focused, and determined to add value within our organization.

We invest in our team and provide opportunities for learning. Here’s a sneak peek of our great benefits:

  • Medical, Dental, Vision, Life and Other Voluntary Insurance
  • Two employee vacation homes
  • 8% 401(k) Contribution upon hire (vesting schedule does apply)
  • Three weeks’ vacation to start along with other leave benefits

Founded in 1937, Advancial is one of the oldest and largest credit unions in the country. We are an established and proactive full-service financial institution providing personal, convenient and advanced financial services to individuals and select group partners. Our mission is to create lasting value for our members through superior service, quality products, and innovative solutions.

At Advancial, we always strive to provide the best service and products to our members because we love what we do. We work together to build a culture that promotes a positive employee experience. We’ve been named a Best Company to Work for in Texas for nine consecutive years and a Best and Brightest Company to Work For nationally and locally because we’re serious about building fulfilling careers and not just day jobs.

We invite you to learn more about this position and what Advancial has to offer by completing our online application.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$83k-100k (estimate)

POST DATE

04/20/2024

EXPIRATION DATE

04/19/2025

WEBSITE

advancial.org

HEADQUARTERS

OKLAHOMA CITY, OK

SIZE

50 - 100

FOUNDED

1937

REVENUE

$50M - $200M

INDUSTRY

Banking

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About Advancial Federal Credit Union

With over $1.6 billion in assets and over 80 years of experience, Advancial is a full-service financial institution providing personal, convenient and innovative financial services to individuals and select group partners. Advancial's primary mission is to anticipate the needs of its members by providing timely, unbiased and intimate financial advice and a full array of technology-enabled products and services that deliver exceptional value. Advancial delivers financial security and the knowledge to help our clients plan and grow a successful financial future. A substantial investment is made ...into getting to know each individual in order to provide personalized financial solutions. For career opportunities visit advancial.org/About-Us/Careers Federally Insured by the NCUA. We conduct business in accordance with the Federal Fair Housing Law. More
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The following is the career advancement route for Compensation & Benefits Specialist positions, which can be used as a reference in future career path planning. As a Compensation & Benefits Specialist, it can be promoted into senior positions as a Compensation and Benefits Analyst IV that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Compensation & Benefits Specialist. You can explore the career advancement for a Compensation & Benefits Specialist below and select your interested title to get hiring information.

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