What are the responsibilities and job description for the Benefits Specialist position at First Mid Bank & Trust?

Position: Benefits Specialist

Location:

Mattoon, IL

Job Id: 4327

# of Openings: 1

At First Mid, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of discretionary short-term incentives (i.e. bonus, incentives, and/or commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, tuition reimbursement, an Employee Stock Purchase Plan, and a 401K plan with company match. Incentives and benefits are subject to eligibility requirements.

Ensures benefit reconciliations are conducted accurately and timely with a detailed audit trail of resolution. Functions as the liaison between employees and benefit providers. Works with confidential information in a highly professional manner.

Responsibilities include, but are not limited to:

Administers employee welfare plans such as medical, dental, vision, life. HSA, flex, and Cobra.
Maintains and utilizes the employee HRIS system for benefit related changes (vacation accruals, adding and removing benefit coverages, etc.)
Reconciles all monthly billings from all benefit providers utilizing advanced Excel spreadsheets. Reviews for accuracy, resolves discrepancies with benefit providers, payroll, and balances with the general ledger.
Responsible for analyzing any discrepancies and communicating with employees and carriers.
Reconciles information accurately and provides a detailed audit trail of information with resolution.
Calculates benefit deductions for offboarded employees to ensure accuracy is obtained.
Actively participates in the annual open enrollment administration of benefit plans.
Conducts new employee on-boarding to ensure employees gain an understanding of the company, and benefit plans.
Processes all new hire enrollments and life status changes (adding, removing, or cancelling benefit coverages).
Administers FMLA and COBRA administration.
Responsible for the administration of ACA reporting.
Answers questions concerning company policies and procedures.
Performs other human resource related duties as assigned.

Qualifications

Education/Experience:

Bachelor's degree preferred, or four plus years' experience in benefits, accounting, or payroll, or four plus years' experience in an analytical based role

Skills:

Knowledge of advanced excel spreadsheet functions. Comfortable working within multiple spreadsheets creating formulas, VLOOKUP, and pivot tables.
Excellent communication skills both verbal and written.
Requires strong problem-solving skills to gather, analyze, and develop solutions to discrepancies.
Ability to demonstrate follow up skills to ensure timely and effective closure of open items.
Ability to work in a fast-paced environment while meeting specific deadlines.
Ability to organize, multi-task, and prioritize work.

Total Rewards:

Competitive health, dental & vision coverage with HSA match
401(k) with employer match Employee Stock Purchase Plan
Generous PTO, paid holidays & parental leave
Tuition reimbursement & performance-based bonuses
Visit our Total Rewards page to see our full list of benefits

First Mid Bancshares, Inc. is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

HP123

Pay Range: $61,300 - $76,600 per year

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Salary : $61,300 - $76,600

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