Group Compliance Consulting Advisor-P4

Company Name:
National Rural Electric Cooperative Association
The National Rural Electric Cooperative Association (NRECA), with offices in Arlington, VA and Lincoln, NE is the trade association for over 900 consumer-owned electric cooperatives serving more than 42 million people. NRECA is committed to harnessing the strength of America's electric cooperatives into a single powerful voice. NRECA has won the following awards over the past few years:
100 Best Places to Work - ComputerWorld Magazine
50 Greatest places to Work - AARP
50 Best Places to Work - The Washingtonian
CARE Award Recipient - Recognizing organizations that promote a positive work-life balance
At NRECA, we work with people who are leaders in their fields, they are down-to-earth, hardworking professionals committed to helping our members serve their communities. Our work is interesting and constantly evolving and requiring new skills to meet the evolving needs of a dynamic industry. In this collegial, inclusive work environment, united around the compelling purpose and history of electric cooperatives, we thrive. And topping it off, NRECA cares about each person's overall well-being, encouraging health, financial security, and a sustainable work/life balance.
Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities
Summary
Group Compliance Consulting Advisor-P4
Provides guidance and advice directly to member cooperatives and internal staff regarding NRECA health and welfare plans and associated compliance requirements. Navigates complex regulatory and operational issues to recommend and implement processes and programs that enable member cooperatives to maximize benefit value while minimizing plan compliance risk.
Purpose and Mission
Responsible for monitoring, recommending and implementing changes in plan design based on changes in the law. Evaluates impacts of changes to the group health and welfare plan to ensure compliance with related laws and regulations. Coordinates activities and briefings with cooperative leadership and internal staff as needed.
Researches and analyzes various federal tax, ERISA, HIPAA and other federal mandates (e.g., COBRA, WHCRA, ADA, Medicare) and related federal agency (e.g., IRS, DOL, HHS, CMS, EEOC) regulatory requirements.
Reviews and prepares summary plan descriptions, summary of benefit changes, and summary of material modifications.
Reviews and revises compliance communications, participant disclosures, and notices/forms provided internally and externally.
Manages the preparation and filing of annual IRS Forms 5500 for Section 125 Plans, FASB 106 and HRA Plans and assists the Plan attorneys with the preparation and filing of the annual IRS Form 5500 (Annual Report) and Summary Annual Report.
Serves as the technical resource to cooperatives and internal staff regarding group health and welfare plan provisions, proposed or adopted regulatory requirements, and compliance requirements. Seeks assistance or direction from manager or legal counsel as needed.
Proactively develops innovative solutions to complex regulatory changes and emerging cooperative compliance needs. Seeks to understand root causes, identify all stakeholders, and propose and implement solutions that minimize both operational disruption and plan risk.
Participates in the development of process improvements to the compliance documentation production systems including SPD, SBC and SMM processes and other notices. Participates in the development of appropriate intervention measures across departments with shared system requirements.
Collaborates with internal staff to ensure communications and training effectively educate benefit administrators and cooperative executives about their plan compliance responsibilities.
Requirements and Qualifications
Bachelor's degree and 6 or more years of related group health and welfare plan compliance experience.
Attainment of health and welfare professional certifications (Such as: CEBS, CHC).
In-depth knowledge of Department of Labor ("DOL"), Internal Revenue Code ("IRC"), Health and Human Services ("HHS"), and Employee Retirement Income Security Act ("ERISA") requirements and their appropriate application to group health and welfare plans.
Advanced understanding of group health and welfare contribution designs
Proficient in preparation of ERISA summary plan descriptions and summaries of material modifications and Summary of Benefits Changes
Strong demonstrated written and verbal communications skills
Ability to communicate technical and complicated issues to a non-technical audience
Strong demonstrated research and analytical skills.
Project management experience
Exceptional attention to detail
Excellent client service skills
LI-KC1
Amount of Travel
Job Title : Group Compliance Consulting Advisor-P4
Location : Arlington, VA, US

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