Payroll & Benefits Specialist

Job Title: Payroll And Benefits Specialist

Status: Full Time 

Location: Bethalto, IL

Salary: $60,800 - $76,000

Benefit Information: https://www.1stmidamerica.org/docs/default-source/pdfs/benefits-summary-at-a-glance-2026.pdf 

About Us:  

1^st MidAmerica is a trusted financial institution dedicated to providing exceptional service to our members. We pride ourselves on our commitment to the communities we serve and our focus on delivering an array of financial products for each step in their financial journey.  We are currently seeking motivated and member-oriented individuals to join our team as a Payroll and Benefits Specialist.

Job Summary:  

We are seeking a Payroll and Benefit Specialist to administrate and analyze the credit union benefit and payroll processes and database(s). Activities include benefit, payroll and retirement plan administration; employee orientation and training and regulatory compliance relative to personnel, pay and benefits.

Key Responsibilities:  

- Maintains the HRIS database to include benefit, payroll and team member information. Processes and audits payroll and any payroll changes. 

- Administers the organization's benefit programs such as basic and major medical coverage, dental insurance, group life insurance, LTD, 401(K), and other benefits. Conducts training as needed. 

- Creates and maintains HRIS data and reporting capabilities such as status reports, compensation analysis reports and termination reports, etc. Update and maintain monthly statistics reports, various annual reports and year-end HR reporting. Prepares data and participates in annual internal and external departmental audits as assigned.

- Maintains vendor database information to ensure appropriate coverage and invoicing. Submits contribution or enrollment changes to all vendors. Prepare and analyze reports for group welfare plans, retirement plans, life insurance and long term disability plans. Prepares annual audit/census data for testing and compliance, includes 5500 forms for retirement and Section 125 benefits and DOL annual reporting.

-  Assists in the research and production of annual departmental budgets in relation to benefits. Recommends changes or additions to programs to reflect organizational changes or needs. Tracks budget progress and variances throughout the year.

Qualifications:  

- 3 to 5 years of similar or related experience preferred. 

-  (1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree). preferred, but not required. 

- Strong knowledge of payroll and benefits administration and compliance

- Strong communication skills and attention to detail.  

What We Offer:  

- Competitive salary and benefits.  

- Opportunities for career growth.  

- Supportive team environment.  

Schedule:

- Monday – Friday 8:00 AM – 5:00 PM  

Disclaimer: Must be able to work and travel to different credit union locations as determined by management.

1^st MidAmerica is an Equal Opportunity Employer.