Financial Analyst - Hybrid

Payroll Deductions Specialist

Process and ensure the timeliness and accuracy of payroll deductions. Responsible for monthly benefit accounting closeout process including reporting, vouchers and remittances for the UT System Group Insurance Programs for UT Austin employees, Retirees, Surviving Dependents and Graduate Student Fellows. Review insurance related payroll processing reports and run integrations as needed to support payroll processing. Coordinate with Human Resources, the UT-System Office of Employee Benefits, Academic Health Plans, and the eBITS technical team to resolve issues. Provide customer support related to payroll deductions. Process payroll adjustments and refunds for insurance adjustments. Analyze system requirements and business process changes needed to comply with laws and policies. Collaborate with team members to gain efficiencies in workflow. Help evaluate, test and implement changes as needed. Reconcile consolidated bill and insurance remittance accounts to the general ledger balance on a monthly basis, resolve issues, and prepare adjusting journal entries, payroll adjustments and refunds, as required, to ensure financial integrity and accuracy of employee records. Remit premiums monthly for the UT System Group Insurance Programs for UT Austin employees, Retirees, Surviving Dependents and Graduate Student Fellows. Remit premiums monthly for the Academic Health Plan for UT Austin graduate student employees and fellows. Other related duties as assigned.