Compensation & Benefits Manager

Actual compensation for this role is commensurate with experience, skill set, and other qualifications.

East Cambridge Savings Bank's Human Resources Division is actively recruiting for a Compensation & Benefits Manager.

Function :

Under the general direction of the Vice President - Sr. Human Resources Manager, manages the coordination and implementation of compensation and benefits programs in accordance with established Bank policies, procedures and strategic goals.

We are looking for candidates with:

• Bachelor's degree or its equivalent through specialized course work and training.
• At least 3 years of progressive Human Resources experience with proven knowledge of payroll processing and benefits administration. At least one year of supervisory experience.
• Working Knowledge of HRIS system required. Experience with ADP Workforce Now preferred.
• Knowledge of leave laws (PFML, FMLA, STD, LTD, and ADA) preferred.
• Strong attention to detail and excellent organizational, analytical and problem-solving skills.
• Strong verbal and written communication skills, which include the ability to draft correspondence such as memos and letters.
• Diligent in resolving issues as they arise, determining root cause, and implementing preventing measures.
• Ability to perform a variety of tasks simultaneously while adhering to deadlines.
• Working knowledge of Microsoft Word and proficient with Microsoft Excel.

Essential Job Functions:

• Responsible for preparing and processing payroll. Ensures compliance with wage and hour regulations. Prepares and maintains related documentation to support payroll entries. Maintains the payroll system, assisting with upgrades and administration as needed. Administers and monitors the payroll system home page, ensuring that information posted falls within established guidelines. Reviews payroll entries for accuracy and troubleshoots payroll discrepancies. Creates payroll reports as needed. Responsible for the year-end payroll process. Ensures that payroll tax issues are resolved and that payroll taxes are paid in compliance with State and Federal law by working directly with the payroll vendor.
• Administers employee benefit programs, including but not limited to health, dental, vision, and life insurance, as well as the retirement and disability plans. Conducts annual benefits analysis, ensuring programs are competitive, compliant, and cost-effective, making recommendations for changes as necessary. Responsible for completing benefits census files for cafeteria plan, 401(k) and pension plan, and ACA reporting. Distributes required employee notifications based on required time frames to ensure that the Bank complies with regulations.
• Communicates benefit plans to employees through the creation and distribution of materials. Uses technology to enhance self-service platform for dissemination of information. Reviews benefit changes and enrollments to ensure vendor benefits systems are updated with current information. Keeps abreast of regulations that may affect compliance and informs HR Officer of concerns as needed. Initiates preparation and control of the timely filing of all 5500 tax filing reports. Amends, distributes and tracks all summary plan descriptions, summary material modifications, and summary annual reports.
• Determines employee eligibility and manages all benefit enrollments in a timely and accurate manner. Reviews and approves benefit invoices confirming accurate enrollment. Maintains benefit enrollment records and prepares reports as needed. Assists employees with benefits related questions. Coordinates the benefits' open enrollment process. Supports Bank-wide wellness initiatives.
• Assists in administering the Bank's compensation programs, including position descriptions, salary charts used for market comparison, salary structures, performance appraisal program, etc. Supports Managers in execution of performance management process. Completes external compensation and benefits surveys as needed.
• Maintains leave (FMLA, PFML, ADA, STD, LTD) and medical files, ensuring that all records are complete and accurate in accordance with regulations. Responsible for managing paid time off benefits in accordance with related policies, ensuring the balances and accruals are accurate.
• Responsible for the upkeep of personnel files and records for all employees. Files employee documentation as needed.
• Responsible for preparation and maintenance of all department invoices relating to area of responsibility and ensures proper procedure for payment. Assists with maintaining the budget for the Division. Creates monthly variance reports and submits to accounting in a timely manner
• Serves as a resource by creating a variety of customized payroll reports and related procedures when requested by management. Assists with gathering information for internal and external audits and exams. Monitors results of operational audits and ensure operational preparedness for audits and regulatory examinations. Ensures compliance with established policies, procedures, and laws and regulations.
• Proactively manages reconciliation of General Ledger with Accounting team.
• Assists with the shift to the digitization of HR files.
• Maintains confidentiality/security of information in compliance with company policy, legal requirements and functional expectations.

Contact our Human Resources Division or visit for more details and to apply.


Or submit your resume to:

Email: View email address on click.appcast.io Fax: View phone number on click.appcast.io Phone: View phone number on click.appcast.io

East Cambridge Savings Bank, Attn: Human Resources

344 Cambridge Street Cambridge, MA 02141

East Cambridge Savings Bank is an Equal Opportunity Employer/Veterans/Disabled