Benefits and Payroll Strategist - Onsite

Bellco Credit Union; Greenwood Village (CO); On-site; USD 70,000 - 95,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) with company match

Supplemental life insurance

Paid vacation

Paid sick days

Paid holidays

Job summary

Bellco Credit Union is seeking a Benefits and Payroll Strategist to optimize benefit plans and payroll processes. You will analyze usage, educate employees, and suggest cost-effective changes while maintaining strict confidentiality and accuracy.

The role supports HR operations and ensures compliance with federal, state, and local regulations. You will work under the Manager of Human Resources, handling payroll cycles, benefits administration, and related audits in an on-site environment with

Qualifications

• BS/BA in HR or related field preferred.
• Excellent written and verbal communication skills.
• Experience with payroll and benefits programs; knowledge of applicable laws.

Responsibilities

• Respond to inquiries related to payroll and benefits with accuracy and timeliness.
• Ensure compliance with wage, hour laws, payroll taxes, garnishments, COBRA and HIPAA.
• Process biweekly and off-cycle payrolls accurately and on schedule.
• Reconcile payroll reports and general ledger accounts.
• Prepare year-end payroll activities including W-2 processing and audits.
• Educate employees regarding benefit programs and eligibility requirements.
• Administer leaves, ADA accommodations, workers’ compensation and related programs.

Skills

Communication

Payroll processing

Payroll taxes

Benefits administration

Employment laws

Education

Bachelor's degree in human resources or related field

Job description

Application deadline is 5 days after the date the role was posted. Thank you for your interest in Bellco Credit Union! We’re a local not-for-profit organization that has been giving back to our members, the communities we serve, and of course, our employees since 1936. Offering one of the best employee benefits packages around, Bellco is a leader in fostering, developing, and engaging staff to become expert financial-service ambassadors. You’re a part of something more at Bellco—a place you can be proud of.

Function Description

The Benefits and Payroll Strategist will be responsible for the critical analysis of benefit plans, design, and research to ensure cost effectiveness for employees and the organization. This role will analyze benefit utilization to provide employees with education on benefits and make suggestions for necessary changes. The Benefits and Compensation Strategist will process payroll, analyze job descriptions against internal and external data to make salary suggestions, and ensure compliance with federal, state, and local regulations. This role requires the employee to maintain the highest level of confidentiality, accuracy, and integrity while supporting the organization’s commitment to employee satisfaction and operational excellence.

Reports to

Manager - Human Resources

Supervisory or Managerial Responsibility

None

Contacts

On a routine basis interacts with internal staff, managers, and executives. Auditors, examiners, government agencies, and vendors.

Education

Bachelor’s degree in human resources or related field preferred

Work Experience

3-5 years’ experience with payroll and benefits administration required

Special Training, Certification or Licensure

PHR or SHRM-CP, CPP, FCP preferred

Work Environment And Conditions

Office environment. Travel to branches and outside vendors may be necessary. This role is on-site, not remote.

Essential Responsibilities

• Demonstrates Bellco’s Act Nice Behaviors and Core Values in all interactions with members, prospective members, and personnel in other Bellco departments
• Responds to inquiries related to payroll and benefits with accuracy and in a timely manner.
• Ensures compliance with federal, state, and local legal requirements including wage and hour laws, payroll tax regulations, garnishments, withholding requirements, ERISA, COBRA, HIPAA, ACA reporting, IRS regulations and DOL requirements by advising management on needed actions.
• Processes biweekly and off-cycle payrolls accurately and on schedule for all employees.
• Reconciles payroll reports and general ledger accounts.
• Prepares year-end payroll activities including W-2 processing and payroll audits.
• Conducts pay equity analysis at intervals throughout the year.
• Levels and prices new roles and makes recommendations for compensation changes to ensure internal and external equity.
• Administers employee health, dental, vision, life, disability, retirement, wellness, voluntary and supplemental benefit programs.
• Coordinates new hire enrollment, qualifying life event changes and annual open enrollment.
• Serves as a liaison between employees and benefit vendors.
• Processes benefits invoices and reconciles billing statements.
• Educates employees regarding available benefit programs and eligibility requirements.
• Administers, tracks, and communicates leaves, ADA accommodations, workers’ compensation and other applicable leave programs.
• Analyzes benefit utilization and implements necessary education and communication to increase participation. Makes recommendations for changes to plans as necessary.
• Completes annual audits/exams/testing related to areas of responsibility.
• Makes recommendations for benefits plan design changes and implements all changes related to benefits.
• Performs other related duties as assigned by management.

Skills

Oral and written communication skills. Ability to work in a fast-paced environment, effectively managing multiple projects/tasks. Thorough knowledge of payroll processing and payroll tax regulations. Working knowledge of employee benefits administration and applicable employment laws.

Core Responsibilities

• Be available to work as scheduled and report to work on time.
• Be willing to accept supervision and work well with others.
• Comply with all organizational policies, the Employee Handbook, Code of Conduct, and required annual training.
• Fosters an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organization.
• Adheres to safe working practices and always follows all organizational safety policies and procedures.
• Demonstrates compliance with all state, federal and all other regulatory agency requirements.
• Ensure strict confidentiality of all records and PII.

Core Values

BE ETHICAL AND DEMONSTRATE INTEGRITY

Treat others with respect, dignity and” tough love.” It’s about character and influence, not about a title. Be honest and direct. Challenge ourselves and each other to reach our full potential.

BE ACCOUNTABLE

Lead by example. You are the reflection of how you show up. Set realistic expectations. Make good business decisions. Meet commitments. Learn from mistakes.

EMBRACE CHANGE

Develop the individual, improve the team, grow the institution. Encourage and reward creative solutions. Ask impactful organizational questions Identify the problem to be solved and the desired outcome. Engage others. Believe in what’s possible.

APPRECIATE THE MEMBER

Achieve and retain trusted, valued relationships with members. Listen and identify needs. Prioritize the member experience. Maintain a high level of member satisfaction. Serve the member with pride.

ACHIEVE SUCCESS TOGETHER

Strive for Flawless Execution. Not for the sake of numbers, but for a sense of pride in a job well done. Success favors the prepared. Consistently plan, coach and grow to master our roles. Celebrate our success.

Act Nice Behaviors

• Accept mutual accountability when things go wrong
• Acknowledge others’ efforts and thank them
• Avoid jumping to conclusions
• Be honest, direct, and civil with no hidden agendas
• Communicate with others face to face whenever possible
• Empathize with others by putting yourself in their shoes
• Establish and build relationships into trusted partnerships
• Forget the past and avoid holding grudges
• Hear individuals out by actively listening to them
• Protect and build up each other’s self-esteem
• Recognize and reinforce others’ positive actions
• Respect each other’s priorities and personal space

Bellco Credit Union provides a comprehensive benefits package to all regular, full time and part time employees, including: Medical, Dental, Vision, 401 (k) with company match, Supplemental Life Insurance, Paid Vacation, Paid Sick Days, and Paid Holidays.

In addition to base compensation, Bellco Credit Union offers bonuses for the following roles:

Non-exempt branch roles may earn monthly bonuses for meeting production goals and quarterly bonuses for meeting team goals.

Exempt branch roles may earn quarterly bonuses for production and team goals.

Exempt non-branch management roles may be eligible for an annual managerial bonus.

Non-branch non-management roles may be eligible for on-the-spot bonuses for extraordinary performance.