Payroll & Benefits Specialist

1st MidAmerica Credit•Bethalto, IL

2d•Onsite

About The Position

1st MidAmerica is seeking a motivated, member-oriented Payroll and Benefits Specialist to administer and analyze the credit union’s benefit and payroll processes and databases. The role covers benefit, payroll, and retirement plan administration; employee orientation and training; and regulatory compliance related to personnel, pay, and benefits. The specialist maintains HRIS and vendor data, processes and audits payroll, administers benefit programs, prepares reports and audit materials, and supports benefits budgeting. The position is based in Bethalto, Illinois, and requires the ability to work and travel to different credit union locations as determined by management. The schedule is Monday through Friday, 8:00 AM to 5:00 PM.

Requirements

Strong knowledge of payroll and benefits administration and compliance.
Strong communication skills and attention to detail.
Ability to work and travel to different credit union locations as determined by management.

Nice To Haves

Three to five years of similar or related experience preferred.
A bachelor's degree or formal industry-recognized certifications equivalent to a bachelor's degree is preferred but not required.

Responsibilities

Maintain the HRIS database, including benefit, payroll, and team member information.
Process and audit payroll and payroll changes.
Administer benefit programs, including medical, dental, group life insurance, long-term disability, 401(k), and other benefits; conduct training as needed.
Create and maintain HRIS data and reporting capabilities, including status, compensation analysis, and termination reports.
Update monthly statistics reports and annual and year-end HR reports.
Prepare data and participate in internal and external departmental audits as assigned.
Maintain vendor database information to ensure appropriate coverage and invoicing, and submit contribution or enrollment changes to vendors.
Prepare and analyze reports for group welfare plans, retirement plans, life insurance, and long-term disability plans.
Prepare annual audit and census data for testing and compliance, including retirement plan and Section 125 Forms 5500 and Department of Labor annual reporting.
Assist with researching and preparing annual departmental benefits budgets; recommend program changes or additions to reflect organizational changes or needs; and track budget progress and variances throughout the year.
Work and travel to different credit union locations as determined by management.