Payroll & Benefits Specialist

Payroll & Benefits Specialist

Compensation: $70,000–$80,000 Base Salary + Annual Bonus

Why This Opportunity Stands Out:

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• Join a well-established and highly regarded financial institution with a strong reputation in the Madison market.
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• Competitive compensation package including base salary, annual bonus, retirement benefits, and comprehensive healthcare coverage.
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• Hybrid work flexibility and strong commitment to work-life balance.
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• Collaborative culture focused on employee development, engagement, and long-term career growth.
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Key Responsibilities:

Payroll Administration

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• Own the end-to-end payroll process, ensuring timely and accurate payroll processing for all employees.
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• Serve as the subject matter expert for payroll systems, payroll policies, and related processes.
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• Coordinate payroll-related audits, reconciliations, reporting requirements, and year-end processing activities.
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Benefits Administration

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• Administer employee benefits programs, including medical, dental, vision, life insurance, disability, retirement, and wellness offerings.
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• Coordinate annual open enrollment and manage qualifying life event changes throughout the year.
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• Serve as the primary point of contact for employee benefit inquiries, providing guidance on eligibility, coverage, and plan provisions.
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• Build and maintain strong partnerships with benefit carriers, brokers, and third-party administrators.
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• Ensure timely and accurate transmission of employee deductions and employer contributions.
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• Monitor benefit plans and vendor reporting to ensure compliance with applicable regulations, including COBRA, HIPAA, ERISA, and other relevant requirements.
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• Manage leave administration processes, including FMLA and other protected leave programs.
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HRIS & Compensation Support

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• Act as the internal expert for HRIS functionality, reporting, and employee data management.
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• Support compensation administration processes, salary planning initiatives, and market data resources.
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• Manage employee status changes, compensation updates, and organizational changes within HR systems.
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• Generate reports and analytics to support HR and business decision-making.
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Qualifications:

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• 3+ years of payroll and benefits administration experience, preferably within banking, financial services, professional services, or other highly regulated environments.
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• Strong knowledge of payroll processing, benefits administration, leave management, and compliance requirements.
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• Experience working with HRIS platforms, payroll systems, and Microsoft Excel.
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• Understanding of COBRA, HIPAA, ERISA, FMLA, and related employment regulations.
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