Benefits Compliance is responsible for maintaining legal compliance of all employee welfare and retirement plans, including complying with all benefit plan reporting, testing, documentation, and disclosures required for governmental agencies.
Essential Functions:
Conducts root cause analysis on compliance matters. Partners with Defined Benefit/Defined Contribution Operations and Health and Welfare on compliance remediation. Provides guidance on mandatory filings, mailings, and non-discrimination testing. Responsible for review of legal and recordkeeping invoices to insure accuracy, adherence to the budget, and support forecasting needs. Performs proper allocation of trust-chargeable fees. Responds to legal requests for documentation. Develops standard templates for reporting purposes as appropriate. Additional duties may include project management responsibilities across multiple functions, for various initiatives such as design changes or required collective bargaining changes. Support retirement function on trend analyses (participant behavior, such as defined contribution history, optional form choices, etc.).
Scope/Complexity
- Works on assignments of diverse and complex scope.
- Interprets less defined guidelines to make recommendations for process improvements and/or enhancements.
- Requires complex planning to coordinate with other departments or resources
Business Impact
- Responsibilities impact the achievement of key functional and/or KP objectives that have direct and significant business impact.
- Contributes to the development of the department's objectives.
- Erroneous decisions or recommendations would normally result in the inability to reach functional objectives and negatively affects expenditures and resources.
Decision Making
- Involves interpreting and analyzing established concepts and trends.
- Exercises considerable judgment to make decisions for less defined and complex issues.
- Requires complex decision-making.
Problem Solving
- Develops solutions to a diverse range of complex problems, which require creativity and innovation within broadly defined policies and practices.
- Requires in-depth analysis to identify and recommend new solutions for more complex problems.
Interactions/Communications
- Provides professional/technical guidance to team members.
- Influences others to buy into new concepts and methodologies.
- Engages in matters requiring coordination across functional lines.
- Interacts with peers and leaders, internally and externally.
Independence/Discretion
- Exercises considerable latitude in determining objectives and approaches to assignment.
- Work is accomplished without considerable direction.
- Has broad discretion in determining course of work.
- Work is evaluated upon completion to ensure objectives and performance requirements have been met.
Management of Staff
- Provides on-going coaching, enabling team members to develop and improve skills and capabilities that support the effectiveness of the department and/or function.
- Serves as a technical/professional mentor to team members within National Employee Benefits and among the department's business partners, and may lead the work of less senior consultants.
- Provides performance input and recommendations to management for development/training plans and/or performance reviews.
Qualifications:
Basic Qualifications:
- Minimum: Eight (8) - twelve (12) years of overall human resources experience, including a minimum five (5) years of benefits experience
- Preferred: Eight (8) - twelve (12) years of benefits experience
- Bachelor's degree or equivalent experience in related field
- Graduate degree preferred
- Certified Employee Benefits Specialist or Certified Benefits Professional preferred
- Paralegal certification preferred
- Expert knowledge of benefits practices and regulations/legislation (for example, ERISA), required
- Knowledge of benefits practices in large organizations and especially for represented populations preferred
- Knowledge of health care industry preferred
External hires must pass a background check/drug screen.
We are proud to be an equal opportunity/affirmative action employer.