Senior Employee Benefits Compliance Consultant

Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding a Senior Employee Benefits Compliance Consultant to their Corporate Synergies team in the Philly Metro Region.

Job Summary:

The Senior Employee Benefits Compliance Consultant is a client-facing role and serves as a subject-matter expert for clients of Foundation Risk Partners (FRP) and Corporate Synergies (CSG) in health and welfare plan regulatory compliance matters, including:

• ERISA
• COBRA
• HIPAA
• IRC Sections 125, 129 and 105(h)

The primary responsibilities of the Compliance Consultant are to provide advice in relation to the design, implementation and ongoing administration of our clients’ health and welfare plans and the timely delivery of client projects, including:

• Conducting compliance assessments (mock audits)
• Drafting of certain regulatory documents, including plan documents and amendments required under ERISA and Code Section 125
• Providing guidance on Form 5500 preparation, including submissions to the DOL's Delinquent Filer Voluntary Compliance Program
• Conducting HIPAA training
• Providing general research and answers client-related questions and questions from internal account management/sales/BVIP

Additionally, the Compliance Consultant participates in prospective client meetings and presentations and is responsible for drafting e-Alerts, articles and other communications related to recent federal and state regulatory changes.

Essential Functions:

• Conduct compliance assessments (mock audits of clients’ health and welfare plans and insurance arrangements)
• Conduct trainings for clients and in-house personnel of both FRP and CSG
• Keep informed of regulatory changes likely to impact clients
• Review, revise and draft client-specific compliance materials
• Perform research and draft responses to compliance-related questions from both clients and in-house personnel

Education & Experience:

• Bachelor’s degree in Business or Risk Management/Insurance or equivalent experience
• Minimum of 3-5 years of experience with equivalent health and welfare compliance responsibilities from a brokerage/consulting firm or law firm
• Paralegal or CEBS Certification with ERISA/Employee Benefits experience a plus
• JD with ERISA/Employee Benefits experience a plus
• Proficient in Microsoft Office Products
• Producer Life, Accident & Health License preferred

Competencies & Qualifications: 

• Thorough understanding of regulatory/compliance environment related to health and welfare plan benefits
• Outstanding oral and written communication skills (including platform presentation ability)
• Ability to multi-task and meet deadlines
• Ability to break down complex material into end–user product