What are the responsibilities and job description for the Pension Payroll Specialist I position at National Employee Benefits Administrators, Inc. (NEBA)?
Overview
National Employee Benefits Administrators, Inc. (NEBA) is a full service, licensed Third Party Administrator providing benefit administration services to health, retirement and other benefit plans.
We are seeking a detail-oriented and experienced Payroll Specialist to join our team. The ideal candidate will process payments of monthly retirement benefits to retirees and beneficiaries along with maintaining records of tax payments, medical insurance premiums which may be deducted from the retirement benefit, and all processes regarding replacement and outstanding retirement payments on a monthly basis.
ESSENTIAL FUNCTIONS
Daily functions included but not limited to:
- Configure new retirees and beneficiaries in benefits software.
- Update monthly benefits to include tax withholdings and/or direct deposit
- Process ACH returns and replacement benefit payments
- Work with bookkeepers and bereavement coordinator regarding uncashed checks, this may include making outbound phone calls to the payee or preparing letters in order to determine if they payments must be reissued.
- Void and reissue checks
Monthly functions included but not limited to:
- Run monthly benefit cycle to include providing:
- Pre-check registers
- Secure confirmation of monthly funding
- Print check request
- Create ACH files
- Prepare check counts for billing
- Process monthly insurance payments from retirement benefit
- Prepare Federal tax payment worksheet for 1099-R year end balancing
- Prepare quarterly state income tax filing for SC
OTHER FUNCTIONS
- Performs other administrative duties as assigned.
- Work with Accounting Department for annual reconciliations and tax preparation.
EDUCATION AND/OR EXPERIENCE
To perform this job successfully, an individual must have the following education and/or experience.
- Proficiency in Microsoft Office Suite
- Accounting or finance experience
- Experience working in retirement benefit administration industry is preferred, but not required
- Experience working with Bridgeway Benefit Technologies (BASYS) or similar software is a plus
KNOWLEDGE, SKILLS, AND ABILITIES
The requirements listed below are representative of the knowledge, skills, and/or abilities required to perform each essential duty satisfactorily. We will make reasonable accommodations to enable individuals with disabilities to perform these functions..
- Ability to balance a checkbook
- Analytical skills
- Strong communication skills: verbal, written, and in person
- Ability to multitask, prioritize, and manage time efficiently
- Use problem-solving and investigative skills to troubleshoot issues
- Desire to learn and contribute to a supportive team environment
PHYSICAL DEMANDS
The physical demands described here are representative of those an individual must meet in order to successfully perform the essential functions of this job. We will make reasonable accommodations to enable individuals with disabilities to perform these functions:
- Ability to sit for extended periods of time and to move intermittently throughout the workday.
- Ability to move in and between various facilities and handle exposure to inclement weather.
- Strong sensory skills, such as good eyesight, good hearing, and dexterity.
- Good speaking and listening skills.
- Ability to perform focused work with close attention to detail.
- Ability to operate office equipment, including computers, copiers, fax machines, and phones.
- Ability to interact with others, both in person and through phone, e-mail, and written correspondence.
- Ability to lift up to 25 pounds.
Job Type: Full-time
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Application Question(s):
- Please provide your salary requirement
Education:
- High school or equivalent (Preferred)
Experience:
- Payroll: 1 year (Required)
- Data entry: 1 year (Required)
Work Location: In person