Job DescriptionJoin a talented team of legal and compliance professionals focused on delivering high-quality, actionable, and thoughtful legal, compliance and audit services across NRECA's broad product and service offerings. We 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 NRECA's 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.
QualificationsRequired Qualifications and Skills- Bachelor's 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.
Salary Range: $98,000-$122,000 annual salary
Final compensation determined by individual qualifications, experience, and internal equity.
Disclaimer Statement
: The preceding job description has been written to reflect management's assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned.
