Payroll Specialist at Abarca Health

Sioux Falls, South Dakota, United States

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$53,040 – $73,840Compensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

HealthcareIndustries

Requirements

Associate's degree in a related field
2-3 years in a lead role processing payroll or equivalent combination of experience and education
Visual acuity adequate to perform position duties
Ability to communicate effectively with others, hear, understand, and distinguish speech and other sounds
Ability to work primarily days with possible weekends/evenings/holidays
Complete understanding of payroll practices, policies, contracts, procedures, state, federal, and internal guidelines

Responsibilities

Coordinate time sheet accuracy, including accurate calculation of overtime, differentials, and other special adjustments
Calculate taxes, benefits, and other deductions for authorized changes to payroll data
Process garnishments, levies, and child support according to appropriate regulations
Coordinate direct deposit of paychecks
Assist employees to understand payroll calculations and deductions, investigate potential problems, and coordinate resolutions with appropriate teams
Maintain a variety of records and reports; compile, validate, reconcile, and prepare information for submission, transmission, and potential authorization of funding to external agencies
Understand and maintain knowledge of time/attendance and payroll systems
Conduct training of employees/leaders on payroll practices and procedures
Test, implement, and process various practices for multiple payrolls
Validate tax reporting, including inspecting automated systems’ outputs such as registers and reports for validity and troubleshooting discrepancies
Provide support in the process of leave of absences, workers compensation, or other pay practices associated with leave
Enter various payroll changes/deductions and validate for completeness; review employee payroll-related information for accuracy; identify, research, and correct out-of-balance conditions
Perform periodic audits to ensure compliance with federal and state laws
Assist with testing/implementation of new pay practices/payrolls as needed
Support and backup at least one additional regional company
Promote Avera’s values of compassion, hospitality, and stewardship; uphold standards of Communication and Attitude

Skills

Payroll Processing

Time Records

Overtime Calculation

Tax Calculation

Deductions

Garnishments

Direct Deposit

Payroll Systems

Compliance Auditing

Employee Training

Abarca Health

Pharmacy Benefit Management services provider

About Abarca Health

Abarca Health provides Pharmacy Benefit Management (PBM) services, focusing on flexible and user-friendly solutions for health plans, employers, and government programs like Medicare and Medicaid. Its main product, the Darwin platform, allows clients to quickly implement and modify benefit designs while ensuring compliance with regulations. Abarca Health manages over $5.3 billion in drug spend and processes 100 million prescription claims annually, offering additional services like home delivery for prescriptions. The company's goal is to deliver exceptional service and innovative solutions in the PBM market.

Aventura, FloridaHeadquarters

2005Year Founded

VENTURE_UNKNOWNCompany Stage

HealthcareIndustries

501-1,000Employees

Benefits

PTO

Parental leave

Work flexibility

Health insurance

Wellness stipend

401k

Tuition reimbursement

Leadership development programs

Risks

Increased competition from Amazon Pharmacy and Mark Cuban's Cost Plus Drug Company.

Growing focus on specialty drugs may require platform adaptation.

Shift towards price transparency could pressure Abarca's pricing models.

Differentiation

Abarca Health's Darwin platform is highly adaptable and user-friendly.

The company offers innovative programs like Triple S en Casa for home delivery.

Abarca Health ensures compliance with ever-changing healthcare regulations.

Upsides

Abarca transitioned two million members to Darwin in 18 months, showing operational efficiency.

Collaboration with Blue Shield of California boosts Abarca's reputation in the PBM sector.

Recognition as a top IT workplace attracts top talent, driving innovation.

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