Payroll and Benefits Administrator
4 weeks ago
Job Summary
The Payroll and Benefits Administrator will play a pivotal role in ensuring timely compensation and benefits administration for employees at Crédit Agricole CIB. This position requires technical proficiency, attention to detail, and strong interpersonal skills to effectively manage payroll and benefits processes.
Key Responsibilities
- Process bi-weekly/monthly payroll for all bank employees, ensuring accuracy and compliance with bank policies and federal, state, and local regulations.
- Reconcile payroll data and resolve any discrepancies.
- Handle payroll tax submissions, filings, and year-end W-2 processing.
- Collaborate with the HR department to ensure new hires, terminations, and other changes are accurately reflected in the payroll system.
- Manage the day-to-day operations of group benefits programs, including group health, dental, vision, short-term and long-term disability, worker's compensation, life insurance, travel and accident plan, flexible spending plan, retirement plans, etc.
- Coordinate and conduct the benefits enrollment for new employees and during the annual open enrollment period.
- Ensure benefits changes are entered appropriately in the payroll system for payroll deduction.
- Liaise with benefit providers to resolve any issues related to claims, enrollments, or other concerns.
- Maintain knowledge of trends, best practices, regulatory changes, and new technologies in human resources, talent management, and employment law to ensure the bank's compliance.
Additional Responsibilities
- Collect and verify daily timesheets and attendance logs.
- Update and maintain employee personal and payroll information in the system.
- Process and distribute paychecks.
- File and archive payroll documentation.
- Assist employees with payroll and benefits queries.
- Maintain records of paid leave, sick days, and other necessary deductions.
- Set up employee profiles in the payroll system for new hires.
- Coordinate with department heads to verify departmental payroll data.
- Liaise with external payroll providers or software support for system issues.
- Calculate bonuses, overtime, and commission payments.
- Manage benefits enrollments, changes, and terminations.
- Communicate with insurance providers to update employee information.
- Verify and process billing statements from benefits providers.
- Stay updated on federal, state, and local tax, payroll, and benefits regulations.
- Manage complex payroll scenarios, e.g., multi-state tax calculations.
- Conduct in-depth analyses to identify payroll discrepancies and recommend corrective actions.
- Draft, update, and maintain payroll and benefits policies and documentation.
- Ensure effectiveness and optimization of payroll and benefits systems or software.
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