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Benefits Specialist II (Retirement)

  • Job
    Full-time
    Senior Level
  • People, HR & Administration
    Accounting & Tax
  • Columbia, +1

AI generated summary

  • You should have an associate degree (bachelor’s preferred), 5 years in benefits/accounting, vendor collaboration experience, relevant certification preferred, and ability to reconcile ledger accounts.
  • You will reconcile financial reports, process funding requests, manage vendor invoices, verify payments, update spreadsheets, and prepare funding documentation related to benefits.

Requirements

  • Education and/or experience equivalent to an associate degree in business, HR management, or accounting (or related field) preferred. A Bachelor’s degree strongly preferred
  • Minimum of 5 years of professional work experience (benefits, accounting, and/or payroll).
  • Experience working in collaboration with various HR vendors
  • Professional certification (PHR/SPHR, CBP, etc.) preferred
  • Ability to independently reconcile general ledger accounts

Responsibilities

  • Reconciles monthly PeopleSoft GL Activity reports and assigned general ledger benefits accounts.
  • Updates continue, and retiree spreadsheets are used as needed to record receipts of healthcare premiums paid and deliver premium checks to accounting promptly.
  • Reviews and codes vendor invoices, submits check and funding requests, receives reimbursements, and requests journal entries to charge out expenses.
  • Processes weekly FSA funding requests, monitors FSA account activity and reconciles TPA report to internal funding and payroll records.
  • Verifies payment and requests charge-out of FSA admin fees.
  • Verifies headcounts/variances between BCBSIL and AgFirst/FCBT, and requests payment from VEBA to BCBSIL for admin fees.
  • Reconciles BCBSIL claims funding requests to BCBSIL cash statement and claims paid report.
  • Reconciles Fidelity feedback files to Oracle import reports for each payroll processing period and verifies transactions online as needed.
  • Updates loan spreadsheet from feedback files and reconciles to PR141.
  • Prepares wires and funding sheets for appropriate audiences as directed. Updates 401(k) recon spreadsheets for AgFirst, FCBT, Puerto Rico, and NQ Supp 401(k) from PR141.
  • Reviews backup compensation documentation from the payroll department updates Salary Control and Rates spreadsheets, and reconciles to Oracle deduction report(s) and other reports as required.

FAQs

Do we support remote work?

Yes, we do remote work but in a hybrid format.

Is there a specific educational requirement for the Benefits Specialist II position?

Yes, an associate degree in business, HR management, or accounting (or a related field) is preferred, with a bachelor's degree strongly preferred.

What type of experience is required for this role?

A minimum of 5 years of professional work experience in benefits, accounting, and/or payroll is required.

Are there any preferred certifications for this position?

Yes, professional certifications such as PHR/SPHR, CBP, etc., are preferred.

What are the primary responsibilities of the Benefits Specialist II - Retirement?

The primary responsibilities include accounting, analysis, reconciliation, and reporting of benefits-specific accounts, including healthcare premiums, insurance premiums, and 401(k) contributions.

Who does the Benefits Specialist II report to?

The Benefits Specialist II reports to the Manager of Benefits Operations.

Do you work with HR vendors in this role?

Yes, experience working in collaboration with various HR vendors is required.

Will I be responsible for reconciling general ledger accounts?

Yes, the ability to independently reconcile general ledger accounts is necessary for this role.

What tasks will involve vendor invoices?

You will review and code vendor invoices, submit check and funding requests, and request journal entries to charge out expenses.

Are the benefits plan participants' data protected?

Yes, the position ensures that individually identifiable data is secured and maintained with the appropriate level of privacy for benefit plan participants.

Finance
Industry
201-500
Employees
1916
Founded Year

Mission & Purpose

AgFirst Farm Credit Bank provides financial services and lending solutions to agricultural and rural communities. Their mission is to support farmers, ranchers, and rural businesses by offering tailored credit and financial products. The company's purpose is to foster the growth and sustainability of agriculture through reliable financial services, helping clients achieve their economic goals and support rural development.