What are the responsibilities and job description for the Compensation and Benefits Specialist position at Stellis Health, P.A.?
Stellis Health is looking for a Compensation and Benefits Specialist to join our team.
Join the team. And the family.
Stellis Health has been caring for community members in and around Wright County for 70 years. With locations in Buffalo and Monticello, we are a well-established multispecialty practice that is dedicated to remaining independent and community-focused.
Summary: The Compensation and Benefits Specialist is responsible for the administration of employee, advanced practice provider (APP), and physician compensation models, benefit plans, and leaves of absence administration.
Essential Functions:
- Leads the administration of compensation programs, including job evaluation, job descriptions, salary benchmarking, budgeting, salary adjustments, incentive plans, and performance-based rewards.
- Works with business leaders to ensure internal equity and external competitiveness of compensation structures.
- Serves as the backup Payroll Administrator for bi-weekly processing schedule; keeps abreast of FLSA regulations and requirements.
- Partners closely with Revenue Cycle and Finance department on wRVU reports and provider professional billing charges to calculate APP and physician compensation; recommends and documents changes and adjustments.
- Leads the day-to-day administration of company benefit plans including health, dental, vision, life, disability, flexible spending accounts, PTO, and retirement plan.
- Partners with Finance and Payroll on the administration of the 401(k) plan; including the annual audit and 5500 filing.
- Collaborates with Payroll on processing benefit changes due to new hire enrollments, qualifying life events, status changes, and separation of employment.
- Coordinates and drives the annual open enrollment process.
- Ensures organization and benefit plans are compliant with HIPAA, ACA, COBRA, and ERISA regulations, including reporting and material distribution requirements.
- Coordinates leave of absence process from employee notification/request to return-to-work date adhering to federal, state, and local statutes, including FMLA, Minnesota Earned Sick and Safe Time (MN ESST), and Minnesota Paid Family Medical Leave (MPFML), etc.
- Advises employees, physicians, and managers on the interaction of leave laws with paid time off, vacation, disability, and other benefits.
- Maintains knowledge of economic trends, labor market, and other factors to ensure organization provides competitive and reasonable benefits and compensation scale structures.
- Performs other duties as assigned.
Knowledge, Skills, and Abilities:
- Strong interpersonal, critical thinking, verbal, and written communication skills.
- Excellent problem-solving skills and attention to detail.
- Ability to maintain high level of confidentiality and professionalism.
- Ability to organize, plan, and integrate priorities and deadlines in a self-directed manner.
- Proficient in Microsoft Office Suite programs and HRIS/payroll systems.
- Strong mathematical aptitude and spreadsheet skills.
Requirements:
- Associate degree required, Bachelor’s degree in Human Resources or Finance preferred.
- Minimum of 5 years of experience administering compensation plans, benefit programs, and leave administration, preferably in a healthcare/physician practice setting.
- Proven background in Human Resources and Finance functions.
- Thorough working knowledge of federal, Minnesota State, and local leave laws and FLSA, COBRA, HIPAA, ACA, and ERISA requirements.
- Working knowledge of physician and provider production-based compensation models strongly preferred.
Benefits Overview
- Competitive salary
- Comprehensive benefit package
- 401K
- Paid holidays
- Paid Time Off
Thank you for your interest in Stellis Health!
Job Type: Full-time
Pay: From $70,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Disability insurance
- Employee discount
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Referral program
- Vision insurance
Schedule:
- Day shift
- Monday to Friday
Work Location: In person
Salary : $70,000