Group Compliance Consultant

Job Description

NRECA is a unique national trade association providing advocacy financial services and business support services to over 900 consumer owned electric cooperatives across the country. NRECA employees are united by our mission inclusive culture collaborative workplace and commitment to service excellence. As a best place to work employer we operate with integrity transparency and a spirit of innovation.

Summary of Position

Join a talented team of legal and compliance professionals focused on delivering high-quality actionable and thoughtful legal compliance and audit services across NRECAs broad product and service are seeking a subject matter expert on matters related to group benefits programs compliance. This position leads cross-functional teams for the annual regulatory and design language changes of summary plan descriptions (SPD) and summary of material modifications (SMM) for group benefit plans. The ideal candidate will have experience proactively preparing group compliance notices materials and assisting with technical benefits compliance matters involving the group benefit programs. This position is located in Arlington VA and is eligible for NRECAs hybrid schedule which allows flexibility to work from home up to 2 days per/week.

Key Responsibilities

• Leads annual preparation of summary plan descriptions (SPD) summaries of benefits and coverage (SBC) and summaries of material modifications (SMM) for 25 group benefit programs and optional designs. Facilitates meetings with subject matter experts to assess plan and operational changes; drafts required compliance language; reviews documentation; and ensures accurate timely production.
• Independently prepares and files annual Form 5500s for Section 125 plans HRA plans and FAS 106 retiree welfare benefit plans; assists stakeholders with Form 5500 and summary annual report (SAR) filings for the Group Benefit Program multiple employer plan.
• Independently prepares Form 1041s for retiree welfare benefit plans and distributes them to cooperatives.
• Coordinates compliance and filing activities across internal teams and external vendors including annual creditable coverage disclosures and gag clause prohibition attestations.
• Participates in strategic planning discussions to assess impacts of Group Benefits Program changes resolve complex compliance issues and ensure adherence to applicable laws and regulations.
• Serves as a subject-matter expert and trusted advisor to cooperatives and internal teams on Group Benefits Program provisions regulatory developments and health and welfare benefits compliance.
• Ability to report to the office when required.

Qualifications

Required Qualifications and Skills

• Bachelors degree in a relevant field or an equivalent combination of education and experience.
• 5 or more years of related group health and welfare plan experience.
• Knowledge of health and welfare benefits compliance requirements including regulations governing plan documents participant disclosures and annual reporting.
• Knowledge of federal filing and reporting processes for employee benefit plans including Form 5500s Form 1041s and related compliance documentation.

Preferred Qualifications and Skills

• CBP or CEBS certifications
• Knowledge of SharePoint Library systems and ActiveDocs document automation/generation software preferred.

Essential Physical Requirements

• The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal and extensive reading.
• Exerting up to 20 pounds of force occasionally and/or up to 10 pounds of force frequently and/or a negligible amount of force constantly to move objects. If the use of arm and/or leg controls requires exertion of forces greater than that for sedentary work and the worker sits most of the time the job is rated for light work.

Disclaimer Statement: The preceding job description has been written to reflect managements assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned.

Additional Requirement:

The preceding job description has been written to reflect managements assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned. All qualified applicants will receive consideration for employment without regard to race color sex sexual orientation gender identity religion national origin disability veteran status or other legally protected status.

NRECA is committed to working with and providing reasonable accommodation to individuals with physical and mental disabilities. If you need special assistance or an accommodation while seeking employment please e-mail or call: - NRECA Arlington Human Resources. Please call - NRECA Lincoln Human Resources for Lincoln NE employment opportunities. We will make a determination on your request for reasonable accommodation on a case-by-case basis.

The U.S. Equal Employment Opportunity Commission (EEOC) recently released the Know Your Rights poster which updates and replaces the previous EEO is the Law poster and EEO Is the Law Poster Supplement.

Pay Transparency Non-Discrimination. NRECA will not discharge or in any other manner discriminate against employees or applicants because they have inquired about discussed or disclosed their own pay. Please see the Pay Transparency Nondiscrimination Provision for more information.

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