Compensation and Employee Benefits Specialist

2 weeks ago

Montreal, Quebec, Canada Crédit Agricole CIB Full time
Job Description

We are seeking a highly skilled Compensation and Employee Benefits Specialist to join our team at Crédit Agricole CIB. This role will play a pivotal part in ensuring that our employees receive timely compensation and have access to comprehensive benefits.

Key Responsibilities:
  • Payroll Administration:
    • 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.
  • Benefits Administration:
    • Manage the day-to-day operations of group benefits programs (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.
    • Filer 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.
    Requirements:
    • Bachelor's degree in a related field.
    • Minimum 3 years of experience in payroll administration and/or benefits management.
    • Strong knowledge of payroll laws, regulations, and best practices.
    • Excellent communication and interpersonal skills.
    • Able to work independently and as part of a team.
    • High level of organization and attention to detail.
    • Proficient in Microsoft Office Suite and ability to learn new software systems quickly.
    What We Offer:
    • A competitive salary: $60,000 - $80,000 per year.
    • A comprehensive benefits package, including medical, dental, and vision insurance, 401(k) matching, and paid time off.
    • A dynamic and supportive work environment.
    • Ongoing training and professional development opportunities.

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