Benefits, Insurance, and Payroll Accounting Specialist bei Biomerics

Description

Company Overview

Biomerics is a world-class manufacturer and innovative polymer solutions provider for the medical device and biotech industries. As a vertically integrated company, we specialize in the design, development, and production of medical devices for diagnostic and interventional procedures. We are focused on next-generation solutions for vascular access, electrophysiology, cardiac rhythm management, neurovascular, structural heart, and cardiovascular markets. 

At Biomerics, we are dedicated to our diverse employee base. We understand that a strong, skilled, and engaged workforce is the foundation of our continued success as a business. We strive to live up to the Biomerics values in all our interactions. It is an exciting time to be part of our collective team. There is no limit to the impact that can be achieved here at Biomerics. We improve and advance our employees' lives, and the lives of the patients that depend on our products.

At Biomerics we believe in integrity, partnership, empowerment & accountability, trust, agility, teamwork, excellence, and we care. Our team-oriented, customer-focused corporate culture places a premium on building strategic, mutually beneficial partnerships with customers as well as our team members. 

Job Description

We are seeking a highly skilled Benefits, Insurance, and Payroll Accounting Specialist with proven experience in benefits administration, payroll reconciliations, and self-funded insurance plan accounting. This role is critical in ensuring the accuracy, timeliness, and compliance of all payroll, benefits, and insurance-related financial processes.

The ideal candidate is detail-oriented, analytical, and comfortable collaborating with HR, Finance, and third-party vendors to ensure smooth operations, accurate reporting, and compliance with regulatory requirements.

Responsibilities

• Reconcile payroll on a regular basis, including salary, deductions, benefits, and taxes.
• Ensure accuracy of payroll journal entries and general ledger postings.
• Partner with HR to resolve discrepancies and maintain compliance with payroll regulations.
• Prepare and maintain accurate benefits accounting records and accrual schedules.
• Perform monthly, quarterly, and annual reconciliations of self-funded medical, dental, and other insurance plan expenses.
• Track claims funding, stop-loss reimbursements, and administrative fees to ensure accuracy.
• Analyze variances between expected and actual claims and report findings to management.
• Collaborate with brokers, carriers, and internal stakeholders to resolve discrepancies.
• Prepare and deliver regular reports on payroll, benefits, and insurance expense trends.
• Support compliance with federal and state regulations, including ACA, ERISA, and other reporting requirements.
• Assist with year-end reporting, including W-2, 1095-C, and audit requests
• Recommend and implement process improvements for payroll and benefits accounting operations.
• Develop and maintain internal documentation of procedures for payroll and benefits reconciliations.

Requirements

• Bachelor’s degree; Accounting, Finance, or related field (preferred by not required).•
• Minimum 5 years of experience in benefits and payroll accounting reconciliations
• Prior experience in self-funded insurance plan accounting and claims reconciliations.
• Proficiency in payroll systems and accounting ERP’s; experience with Paylocity, NetSuite, Epicor and IQMS is a plus.
• Strong understanding of payroll compliance, benefits administration, and accounting principles.
• Exceptional attention to detail, problem-solving skills, and ability to meet deadlines.
• Strong problem-solving, analytical, and organizational skills.
• Excellent communication skills with the ability to collaborate effectively across teams.
• Demonstrated ability to manage multiple priorities with attention to detail and deadlines.