Compensation and Benefits Lead

$70,000 - $100,000/Yr

The Nagler Group - Cambridge, MA

Full-time - Mid Level

Cambridge, MA

Administrative and Support Services

About the position

The Assistant Compensation and Benefits Manager will coordinate and implement compensation, benefits, and payroll processes in alignment with established bank policies and strategic objectives. This role involves overseeing payroll processing, benefits administration, open enrollment, and compensation adjustments, while also managing a small team.

Responsibilities

• Prepare, process, and maintain payroll with a focus on compliance and accuracy.
• Manage payroll entries, resolve discrepancies, and ensure payroll taxes are handled in compliance with federal and state regulations.
• Coordinate benefits programs, manage open enrollment, and address employee inquiries on benefit-related matters.
• Maintain records, review invoices, and ensure compliance with 5500 tax filing and other regulatory requirements.
• Support and administer the bank's compensation programs, including salary structures, market comparisons, and performance appraisals.
• Manage FMLA, LOA, and PTO in accordance with company policies and regulatory guidelines.
• Maintain personnel files and assist in the digitization of HR records.
• Create payroll reports, prepare department invoices, assist in audits, and ensure compliance with internal policies and external regulations.
• Support budget maintenance, manage monthly variance reporting, and ensure the accurate processing of department invoices.

Requirements

• Bachelor's degree or equivalent specialized training in HR, payroll, or related field.
• Minimum of 3 years of HR experience with a focus on compensation, benefits administration, and payroll processing.
• Supervisory experience of at least 1 year.
• Proficiency with ADP WorkforceNOW is required.
• Advanced Excel skills and solid working knowledge of Microsoft Word.
• Ability to use HRIS and payroll systems effectively.
• Detail-oriented with strong organizational, analytical, problem-solving, and communication skills (both written and verbal).
• Knowledge of wage and hour laws, FMLA, LOA, and other relevant labor regulations.

Benefits

• Paid time off
• On-site parking
• Bonus eligibility (5-15% based on personal and company performance)