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The Payroll & Benefits Specialist is responsible for preparing and processing the Bank’s semi-monthly payroll and assists with administering the employees’ benefit plans. This position provides information and support to employees and managers regarding payroll and benefit issues. This position is responsible for performing payroll tasks; such as the weekly time and attendance tasks, including but not limited to, monitoring and requesting employees’ time corrections and approvals as needed, time and attendance audits, validating retroactive transactions, preparing time and attendance hours reconciliation, job changes, terminations, processes special payments, garnishments, incentives and/or compensation changes and audits the No Payable Time reports for all pay groups. Processes the bank-wide semi-monthly payroll, maintains payroll reports, uploads the general ledger reports and additional payroll tasks. This position is also responsible for performing Benefits functions such as, enrolling new hires into their respective benefits elections, reviewing Carrier Feeds and clearing errors and corrections as needed, managing Qualifying Events, preparing and entering Benefits changes, reviewing and adjusting payroll deductions as necessary, notifying the Benefits carriers on changes, reconciling 401(k) Employees contributions, processing the 401(k) contribution file and processing COBRA qualifying events. This position performs quarterly tax reconciliations and other necessary audits. It assists with year-end process, annual open enrollment, ACA, and OSHA reporting, In addition, this positon serves as back up for the reception area, and assists with departmental projects and tasks as needed.
Knowledge and Skills Requirements:
Other
Banking
$75k-94k (estimate)
08/13/2022
02/01/2023
oceanbank.com
DORAL, FL
500 - 1,000
1982
ALFONSO MACEDO
$50M - $200M
Banking
Ocean Bank is one of the largest independent commercial banks headquartered in Florida. Chartered in 1982, the bank operates a network of branches throughout Miami-Dade and Broward counties. Ocean Bank is an equal opportunity employer with more than 500 employees. Through the years, Ocean Bank has preserved the practice of nurturing a close and personal relationship with each customer. At Ocean Bank, a personal banker will guide you through financial decisions. In addition, an officer familiar with your accounts will answer all financial questions and expedite transactions, all with your best ...interest at heart. Ocean Bank aspires to be one of the most financially sound, profitable banks in the Southern Florida market. The bank will grow by meeting the broad financial needs of local businesses, families, and other select customer groups in a most personal and professional manner.
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The job skills required for Payroll & Benefits Specialist include Customer Service, COBRA, Written Communication, Attention to Detail, etc. Having related job skills and expertise will give you an advantage when applying to be a Payroll & Benefits Specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Payroll & Benefits Specialist. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Payroll & Benefits Specialist positions, which can be used as a reference in future career path planning. As a Payroll & Benefits Specialist, it can be promoted into senior positions as a Benefits Administrator II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Payroll & Benefits Specialist. You can explore the career advancement for a Payroll & Benefits Specialist below and select your interested title to get hiring information.