Payroll and Benefits Specialist

Risk Strategies Company

(New York, New York)

Full Time

Job Posting Details

About Risk Strategies Company

Today’s complex, dynamic world of highly interconnected, globalized business requires a different approach to risk; smart, agile, innovative.

Summary

The Payroll and Benefits Specialist will be responsible for assisting in all payroll and benefits related functions for a leading entrepreneurial and growth-oriented insurance brokerage and risk management firm. We are located in over 20 states with a current exempt/non-exempt employee population of 560 targeted for continued growth in the next five years.

Responsibilities

* Process biweekly payroll. Perform audit of processed payroll to ensure accuracy and make any necessary adjustments.
* Process adjustments each pay period including calculation of overtime rates and retroactive pays.
* Onboard new joiners as well as small groups from newly acquired companies. Assist with payroll transitions for acquisitions.
* Manage time and attendance module as well as non-exempt employee timecards.
* Process commission payments on a monthly basis.
* Run special annual payrolls for performance bonuses & commission reconciliations.
* Process and transmit changes, deductions, deferrals to/from benefits providers.
* Handle all FMLA/other leave administration, State disability program, worker’s compensation.
* Manage daily benefit plan operations including employee enrollments, life event changes, COBRA, reimbursements, terminations for all Health & Welfare programs and other voluntary benefits (including 401k, Life, STD/LTD, commuter, transit, HSA, FSA, identity theft).
* Serve as the main point of contact for employee payroll and benefits inquiries; Interact with third party administrators.
* Heavy liaison with Finance colleagues. Ensure accurate and timely actuals/tax/liability reporting.
* Run regular summary and detail reports from ADP for management reporting and analysis.
* Ensure compliance with all federal, state and local tax regulations.
* Partner on annual Open Enrollment and other strategic projects.
* Develop, recommend, and implement process improvements.

Process biweekly payroll. Perform audit of processed payroll to ensure accuracy and make any necessary adjustments.
Process adjustments each pay period including calculation of overtime rates and retroactive pays.
Onboard new joiners as well as small groups from newly acquired companies. Assist with payroll transitions for acquisitions.
Manage time and attendance module as well as non-exempt employee timecards.
Process commission payments on a monthly basis.
Run special annual payrolls for performance bonuses & commission reconciliations.
Process and transmit changes, deductions, deferrals to/from benefits providers.
Handle all FMLA/other leave administration, State disability program, worker’s compensation.
Manage daily benefit plan operations including employee enrollments, life event changes, COBRA, reimbursements, terminations for all Health & Welfare programs and other voluntary benefits (including 401k, Life, STD/LTD, commuter, transit, HSA, FSA, identity theft).
Serve as the main point of contact for employee payroll and benefits inquiries; Interact with third party administrators.
Heavy liaison with Finance colleagues. Ensure accurate and timely actuals/tax/liability reporting.
Run regular summary and detail reports from ADP for management reporting and analysis.
Ensure compliance with all federal, state and local tax regulations.
Partner on annual Open Enrollment and other strategic projects.
Develop, recommend, and implement process improvements.

Ideal Candidate

4 years of ADP Workforce Now knowledge required, including experience with ADP benefits and reporting.
Strong working knowledge of Excel
Excellent numerical, detail orientation and organizational skills
Experience in insurance/financial services industry with commission pay is preferred
Experience working both within a team environment and independently
Comfort working in a systems-driven and paperless environment
PHR or CEBS professional designations a plus
Strong written and verbal communication skills

Compensation and Working Conditions