Benefits Specialist II

Benefits Specialist II - Retirement(Hybrid - Columbia, SC)

TheBenefits Specialist II - Retirementunder general supervision of the Manager of Benefits Operations, completes assigned benefits administration responsibilities focused on an assigned benefits specialty such as benefits accounting or retirement. Primary responsibilities include accounting, analysis, reconciliation, and reporting of benefits-specific accounts for the Farm Credit Benefits Alliance (FCBA), supported associations, and the benefits department. Responsible for reconciling assigned GL benefits accounts, collecting/posting healthcare premiums, and monitoring center 553 expense accounts. Requests payment and reimbursement for various vendor billings and monitors AR account 175502, used for vendor payments. Verifies qualified and non-qualified trust disbursements. Pays and reconciles amounts for insurance premiums and FSA, HSA, and UHC accounts. Reconciles health and welfare and VEBA accounts prepares VEBA funding, and compiles loss ratio data. Re conciles 401(k) and Supplemental 401(k) plan contributions and loan payments. Review compensation documentation for Salary Control and Rates spreadsheets. Ensures individually identifiable data is secured and maintained with the appropriate level of privacy for benefit plan participants.

What you'll do

- Reconciles monthly PeopleSoft GL Activity reports and assigned general ledger benefits accounts.

- Updates continue, and retiree spreadsheets are used as needed to record receipts of healthcare premiums paid and deliver premium checks to accounting promptly.

- Reviews and codes vendor invoices, submits check and funding requests, receives reimbursements, and requests journal entries to charge out expenses.

- Processes weekly FSA funding requests, monitors FSA account activity and reconciles TPA report to internal funding and payroll records.

- Verifies payment and requests charge-out of FSA admin fees

- Verifies headcounts/variances between BCBSIL and AgFirst/FCBT, and requests payment from VEBA to BCBSIL for admin fees.

- Reconciles BCBSIL claims funding requests to BCBSIL cash statement and claims paid report.

- Reconciles Fidelity feedback files to Oracle import reports for each payro ll processing period and verifies transactions online as needed.

- Updates loan spreadsheet from feedback files and reconciles to PR141.

- Prepares wires and funding sheets for appropriate audiences as directed. Updates 401(k) recon spreadsheets for AgFirst, FCBT, Puerto Rico, and NQ Supp 401(k) from PR141

- Reviews backup compensation documentation from the payroll department updates Salary Control and Rates spreadsheets, and reconciles to Oracle deduction report(s) and other reports as required.

What you'll need

- Education and/or experience equivalent to an associate degree in business, HR management, or accounting (or related field) preferred. A Bachelor's degree strongly preferred

- Minimum of 5 years of professional work experience (benefits, accounting, and/or payroll).

- Experience working in collaboration with various HR vendors

- Professional certification (PHR/SPHR, CBP, etc.) preferred

- Ability to independently reconcile general ledger accounts