Job Description
Job Title: Benefits Compliance Specialist
Job Summary
The Benefits Compliance Specialist is responsible for managing and supporting health and welfare benefits compliance across federal and regulatory requirements. This role partners internally and with clients to ensure accurate reporting documentation and ongoing compliance related to ACA ERISA Medicare and other benefits-related regulations. The ideal candidate has strong technical knowledge attention to detail and the ability to provide consultative guidance.
Key Responsibilities
Own and manage Medicare Part D creditable coverage analysis evaluation and required notices
Provide Non-Discrimination Testing (NDT) support and coordination
Assist with and provide guidance on ACA compliance and reporting (Forms 1094/1095)
Support RxDC reporting requirements and submissions
Prepare and distribute PCORI filings (Form 720)
Prepare review and distribute Form 5500 filings
Generate and maintain Wrap Documents and Plan Documents
Update and distribute ACA and ERISA notices as regulations or plan changes require
Serve as a compliance resource to internal teams and/or clients answering questions and providing guidance
Monitor regulatory changes impacting employee benefits and proactively communicate updates
Coordinate with carriers vendors and internal stakeholders to ensure accurate and timely compliance deliverables
Maintain organized compliance documentation and reporting records
Qualifications
Bachelors degree in Business Human Resources Finance or a related field (or equivalent experience)
3 years of experience in employee benefits compliance benefits administration or a related role
Strong working knowledge of ACA ERISA IRS DOL and CMS requirements
Experience with 5500s PCORI RxDC and Medicare Part D notices
Prior experience in an insurance agency brokerage or benefits consulting environment preferred
High attention to detail and ability to manage multiple deadlines
Strong communication skills and comfort working with internal teams and/or clients
Preferred Experience
Client-facing or consultative compliance experience
Familiarity with benefits administration platforms or compliance vendors
Experience supporting mid-to-large employer benefit plans
Compensation
Competitive salary based on experience (typically aligned with market ranges for benefits compliance professionals)
Benefits package including health retirement and paid time off
This would be a hybrid position in the Chicago office. 1-2x days in office per week.
#LI-ET1
Required Experience:
IC
Job DescriptionJob Title: Benefits Compliance SpecialistJob SummaryThe Benefits Compliance Specialist is responsible for managing and supporting health and welfare benefits compliance across federal and regulatory requirements. This role partners internally and with clients to ensure accurate report...
Job Description
Job Title: Benefits Compliance Specialist
Job Summary
The Benefits Compliance Specialist is responsible for managing and supporting health and welfare benefits compliance across federal and regulatory requirements. This role partners internally and with clients to ensure accurate reporting documentation and ongoing compliance related to ACA ERISA Medicare and other benefits-related regulations. The ideal candidate has strong technical knowledge attention to detail and the ability to provide consultative guidance.
Key Responsibilities
Own and manage Medicare Part D creditable coverage analysis evaluation and required notices
Provide Non-Discrimination Testing (NDT) support and coordination
Assist with and provide guidance on ACA compliance and reporting (Forms 1094/1095)
Support RxDC reporting requirements and submissions
Prepare and distribute PCORI filings (Form 720)
Prepare review and distribute Form 5500 filings
Generate and maintain Wrap Documents and Plan Documents
Update and distribute ACA and ERISA notices as regulations or plan changes require
Serve as a compliance resource to internal teams and/or clients answering questions and providing guidance
Monitor regulatory changes impacting employee benefits and proactively communicate updates
Coordinate with carriers vendors and internal stakeholders to ensure accurate and timely compliance deliverables
Maintain organized compliance documentation and reporting records
Qualifications
Bachelors degree in Business Human Resources Finance or a related field (or equivalent experience)
3 years of experience in employee benefits compliance benefits administration or a related role
Strong working knowledge of ACA ERISA IRS DOL and CMS requirements
Experience with 5500s PCORI RxDC and Medicare Part D notices
Prior experience in an insurance agency brokerage or benefits consulting environment preferred
High attention to detail and ability to manage multiple deadlines
Strong communication skills and comfort working with internal teams and/or clients
Preferred Experience
Client-facing or consultative compliance experience
Familiarity with benefits administration platforms or compliance vendors
Experience supporting mid-to-large employer benefit plans
Compensation
Competitive salary based on experience (typically aligned with market ranges for benefits compliance professionals)
Benefits package including health retirement and paid time off
This would be a hybrid position in the Chicago office. 1-2x days in office per week.
#LI-ET1
Required Experience:
IC
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