Analysis Skills, Brokerage, Budgeting, Communication Skills, Compensation Analysis, Compensation and Benefits, Customer Support/Service, Data Analysis, Data Quality, Data Structures, Decision Support, Detail Oriented, Documentation, Employee Benefits, Executive Assistant Skills , FMLA (Family and Medical Leave Act of 1993), Financial Analysis, HRIS/HRMS, Health Plan, Human Resources, Human Resources Analytics, Incentive Programs, Leadership, Maintain Compliance, Market Trend Analysis, Microsoft Excel, Payroll Administration, Payroll Software/Services, Payroll Tax, Performance Management, Pivot Tables, Problem Solving Skills, Process Improvement, Regulatory Compliance, Regulatory Reports, Reporting Dashboards, Reporting Skills, Society for Human Resource Management (SHRM), Trend Analysis, Vendor/Supplier Planning
HRIS/Compensation & Benefits Analyst
Salary Range: $65,000 – $80,000
Position Summary
We are seeking a highly analytical HRIS/Compensation & Benefits Analyst to support the design, administration, and analysis of the Bank's compensation, incentive, benefits, payroll, and HRIS programs.
This role combines compensation analysis, HR data analytics, payroll administration, and benefits management. The successful candidate will partner closely with the SVP, Human Resources and other senior leaders to analyze compensation trends, support executive and employee incentive programs, develop reporting and workforce analytics, maintain HRIS data integrity, and administer employee benefit programs, including the Bank's self-funded medical plan.
The ideal candidate possesses strong analytical skills, advanced Excel capabilities, and the ability to translate complex data into actionable insights that support compensation, workforce, and business decisions.
Key Responsibilities
Compensation & HR Analytics
- Analyze compensation data, salary structures, market trends, and internal equity to support compensation strategy and pay decisions.
- Support the design, analysis, administration, and calculation of compensation and incentive programs, including annual incentive plans, long-term incentive programs, and executive compensation arrangements.
- Partner with the SVP, Human Resources to administer annual compensation review processes, including merit increases, promotions, and incentive payouts.
- Prepare compensation, workforce, and HR analytics reports for senior management, executive leadership, and Board-level reporting as needed.
- Assist the Chief Financial Officer in the development of salary and benefits budgets, workforce projections, and compensation-related financial analyses.
- Maintain HRIS data integrity and develop reports, dashboards, and analytics to support organizational decision-making.
Payroll Administration
- Process bi-weekly payroll using Paylocity, ensuring accuracy, timeliness, and compliance with applicable regulations.
- Audit payroll transactions, reconcile payroll reports, and identify opportunities for process improvement and increased efficiency.
- Ensure compliance with federal, state, and local payroll regulations and reporting requirements.
Benefits Administration
- Administer all employee benefits programs, including a self-insured medical plan
- Partner with benefits brokers, third-party administrators, and related vendors to manage plan performance and employee experience
- Coordinate open enrollment, benefit communications, and employee education
- Assist employees with benefit enrollment, changes, and claim-related questions
- Ensure accurate payroll deductions and benefits recordkeeping
Reporting & Compliance
- Support audits, 5500 filings, and benefits-related compliance requirements
- Maintain benefits and compensation data, reports, and documentation
- Track FMLA, disability, and other leave programs as needed
Qualifications
- 3+ years of experience in payroll, compensation, benefits, HRIS administration
- Hands-on experience processing payroll; Paylocity experience strongly preferred
- Experience working with self-funded (self-insured) medical plans preferred
- Advanced proficiency in Microsoft Excel (pivot tables, lookup functions, data analysis) and HR/payroll systems
- Strong attention to detail, organizational, and problem-solving skills
- Excellent communication and customer service skills
- SHRM certification (SHRM-CP or SHRM-SCP) or equivalent is a plus
Rhinebeck Bank is an Equal Opportunity / Affirmative Action Employer. We do not discriminate based on race, color, religion, sex, national origin, veteran or disability status, sexual orientation, gender identity, transgender status, or any other characteristic protected by applicable law.