Hybrid Senior Compliance Consultant at Foundation Risk Partners
Foundation Risk Partners · Camden, United States Of America · Hybrid
- Professional
- Office in Camden
Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding a Senior Compliance Consultant to their team in the Philly Metro Region.
Job Summary:
The Senior Compliance Consultant is a client-facing role and serves as a subject-matter expert in health and welfare plan regulatory compliance (including ERISA, COBRA, HIPAA, IRC §§ 125, 129 and 105(h), ACA/healthcare reform, etc.) for clients of Foundation Risk Partners (FRP) and Corporate Synergies (CSG).
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 client assessments (mock audits), the drafting of certain regulatory documents, including plan documents and amendments required under ERISA and Code § 125, providing guidance on Form 5500 preparation, conducting HIPAA training and providing general research and answers to 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
Disclaimer:
While this job description is intended to be an accurate reflection of the job requirements, management reserves the right to modify, add, or remove duties from particular jobs and to assign other duties as necessary.
Equal Employment Opportunity (EEO):
FRP provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or any other classifications protected by law.
Benefits:
FRP offers a comprehensive range of health-related benefit options including medical, vision, and dental. We offer a 401(k) with company match, company paid life insurance, STD, LTD and a generous PTO policy starting at 18 days per year plus 10 paid holidays & 2 floating holidays!
