Compensation & Benefits Specialist
Salary Range: $65,000 – $75,000
Position Summary
We are seeking a detail-oriented and analytical Compensation & Benefits Specialist to support our Human Resources team and our employees. This role is responsible for the accurate and timely processing of bi-weekly payroll and administration of employee benefit programs, including our self-funded medical plan.
The ideal candidate will partner closely with our benefits broker and external vendors to ensure seamless administration of all benefit offerings while maintaining compliance and delivering a high level of service to employees.
Key Responsibilities
Payroll Administration
- Process bi-weekly payroll using Paylocity, ensuring accuracy and timeliness
- Maintain and manage electronic time and attendance records
- Review, audit, and reconcile payroll reports and employee data
- Ensure compliance with federal, state, and local payroll regulations
- Serve as primary point of contact for employee payroll questions
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
- Assist with compensation analysis, salary benchmarking, and annual review processes
- Track FMLA, disability, and other leave programs as needed
Qualifications
- Minimum 3+ years of experience in payroll and benefits administration
- Hands-on experience processing payroll; Paylocity experience strongly preferred
- Experience working with self-funded (self-insured) medical plans required
- Strong knowledge of payroll laws, tax regulations, and compliance requirements
- Advanced proficiency in Microsoft Excel and HR/payroll systems
- Strong attention to detail, organizational, and problem-solving skills
- Excellent communication and customer service skills
Preferred:
- 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.
Skills Required
- 3+ years of experience in payroll and benefits administration
- Hands-on experience processing payroll
- Paylocity experience
- Experience working with self-funded (self-insured) medical plans
- Strong knowledge of payroll laws, tax regulations, and compliance requirements
- Advanced proficiency in Microsoft Excel
- Proficiency with 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
What We Do
Rhinebeck Bank is a full service, locally focused bank headquartered in Poughkeepsie, NY. We offer a full range of personal checking, savings, money market and certificates of deposit as well as, home equity lines of credit and mortgages. For commercial customers we offer a broad variety of products and services for sole proprietors, partnerships, and corporations. We have expanded our product line to include insurance and investment services and recommitted ourselves to exceptional customer service. (Rhinebeck Bank, Member FDIC, Equal Housing Lender, all loans subject to credit approval, NMLS #: 477976)
