Benefits Specialist

First Mid Bancshares, Inc.; Vancouver; On-site; CAD 60,000 - 80,000; Full time

Job summary

A financial services company in Vancouver is seeking a Benefits Administrator to manage employee welfare plans and ensure accurate benefit reconciliations. The ideal candidate will possess strong problem-solving skills and advanced Excel capabilities. Responsibilities include overseeing medical and dental benefits, maintaining HRIS systems, and conducting new hire onboarding. This role offers competitive compensation and a comprehensive benefits package including health insurance and tuition reimbursement.

Benefits

Competitive health, dental & vision coverage with HSA match

401(k) with employer match

Generous PTO, paid holidays & parental leave

Tuition reimbursement & performance-based bonuses

Qualifications

• Experience in benefits, accounting, or payroll, or in an analytical based role is required.
• Demonstrated follow up skills for timely resolution of discrepancies.

Responsibilities

• Administers employee welfare plans like medical, dental, and vision.
• Maintains the employee HRIS system for benefit-related changes.
• Reconciles monthly billings from benefit providers using advanced Excel.
• Participates in the annual open enrollment of benefit plans.
• Conducts new employee onboarding to explain benefits.

Skills

Knowledge of advanced excel spreadsheet functions

Excellent communication skills both verbal and written

Strong problem-solving skills

Ability to multi-task and prioritize work

Education

Bachelor’s degree preferred or relevant experience

Job description

FDIC-Insured - Backed by the full faith and credit of the U.S. Government

At First Mid, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of discretionary short-term incentives (i.e. bonus, incentives, and/or commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, tuition reimbursement, an Employee Stock Purchase Plan, and a 401K plan with company match. Incentives and benefits are subject to eligibility requirements.

Ensures benefit reconciliations are conducted accurately and timely with a detailed audit trail of resolution. Functions as the liaison between employees and benefit providers. Works with confidential information in a highly professional manner.

Responsibilities

• Administers employee welfare plans such as medical, dental, vision, life. HSA, flex, and Cobra.
• Maintains and utilizes the employee HRIS system for benefit related changes (vacation accruals, adding and removing benefit coverages, etc.)
• Reconciles all monthly billings from all benefit providers utilizing advanced Excel spreadsheets. Reviews for accuracy, resolves discrepancies with benefit providers, payroll, and balances with the general ledger.
• Responsible for analyzing any discrepancies and communicating with employees and carriers.
• Reconciles information accurately and provides a detailed audit trail of information with resolution.
• Calculates benefit deductions for offboarded employees to ensure accuracy is obtained.
• Actively participates in the annual open enrollment administration of benefit plans.
• Conducts new employee on-boarding to ensure employees gain an understanding of the company, and benefit plans.
• Processes all new hire enrollments and life status changes (adding, removing, or cancelling benefit coverages).
• Administers FMLA and COBRA administration.
• Responsible for the administration of ACA reporting.
• Answers questions concerning company policies and procedures.
• Performs other human resource related duties as assigned.

Qualifications

Education/Experience

• Bachelor’s degree preferred, or four plus years’ experience in benefits, accounting, or payroll, or four plus years’ experience in an analytical based role

Skills

• Knowledge of advanced excel spreadsheet functions. Comfortable working within multiple spreadsheets creating formulas, VLOOKUP, and pivot tables.
• Excellent communication skills both verbal and written.
• Requires strong problem-solving skills to gather, analyze, and develop solutions to discrepancies.
• Ability to demonstrate follow up skills to ensure timely and effective closure of open items.
• Ability to work in a fast-paced environment while meeting specific deadlines.
• Ability to organize, multi-task, and prioritize work.

Total Rewards

• Competitive health, dental & vision coverage with HSA match
• 401(k) with employer match + Employee Stock Purchase Plan
• Generous PTO, paid holidays & parental leave
• Tuition reimbursement & performance-based bonuses

First Mid Bancshares, Inc. is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT