Benefits Administrator- Sioux Falls (Full Time)

Job Description

Job Description

CORTRUST BANK
The mission of this bank is to profitably deliver high-quality customer service that meets the financial needs of our community, its businesses, and its citizens. No line of financial services is beyond our charter.

CorTrust Bank is seeking a Full-Time Benefits Administrator in our Sioux Falls community!

It's more than just a job! When you join one of the region's leading community banks, you can expect a family atmosphere committed to building outstanding teams. We believe in the overall well-being of our employees and work hard to provide the best opportunities for growth. We're proud to offer a competitive compensation package that includes perks like a 401k with employer match, Employee Stock Ownership Plan, insurance coverage options, paid time off, service awards, community service opportunities, an Employee Assistance Program, and a stable work environment.

CorTrust is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Summary: The Benefits Administrator is responsible for coordination, administration, and support of the Bank’s employee benefits programs. This role ensures the accurate processing of benefit enrollments, changes, and terminations while providing service to employees. The Benefit Administrator works closely with insurance carriers, third-party administrators, payroll, and the rest of the HR team to ensure compliance with appliable laws, maintain accurate records, and support the Bank’s commitment to offering competitive and effective employee benefit programs.

Key areas of responsibility:

• Administer all employee benefit programs, including medical, dental, vision, life/disability, flexible spending accounts (FSA), health savings accounts (HSA), retirement plans, and voluntary benefits.
• Process employee benefit enrollments, qualifying life event changes, terminations, and annual open enrollment activities.
• Serve as the primary point of contact for employees regarding benefit eligibility, coverage, claims, and enrollment questions.
• Maintain accurate employee benefit records within the Human Resources Information System (HRIS) and vendor portals.
• Coordinate with payroll to ensure accurate benefit deductions and resolve discrepancies in a timely manner.
• Assist with the planning, communication, and execution of the annual open enrollment process.
• Partner with benefit carriers, brokers, and third-party administrators to resolve employee issues and administer benefit programs effectively.
• Ensure compliance with applicable federal and state regulations, including COBRA, HIPAA, ACA, ERISA, FMLA, and other employment-related laws affecting employee benefits.
• Coordinate and administer all employee leave programs
• Maintain confidentiality of employee information and sensitive benefit records.
• Assist with employee orientation by presenting benefit information to new hires.
• Develop and maintain benefit communication materials, policies, and educational resources.

Key Competencies

The ideal candidate demonstrates attention to detail and accuracy while managing multiple priorities in a highly regulated banking environment. Strong organizational and time management skills are essential for maintaining compliance deadlines and ensuring the seamless administration of employee benefit programs. The Benefits Administrator possesses interpersonal and customer service skills to explain benefit information with professionalism and clarity. The individual is proficient in Microsoft Office applications, and benefits administration systems, with strong analytical and problem-solving abilities to identify and resolve discrepancies.