Truist Senior ERISA and Employee Benefits Compliance Officer (Remote Role) in Charlotte, North Carolina
Req ID: R0074333
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Regular or Temporary:
Language Fluency: English (Required)
1st shift (United States of America)
Please review the following job description:
JOB DESCRIPTION SUMMARY:
Provide consulting and technical expertise on regulatory compliance issues impacting employee benefit plans for McGriff clients as part of the National Employee Benefits Practice team. Create thought leadership, intellectual capital, tools and resources for clients and prospects. Participate in client relationships and development through presentations at meetings, webinars, and seminars. Provide consultative support, guidance and recommendations for existing clients and new business opportunities that drive revenue growth and create a superior client value proposition.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
Provide specialized compliance consulting, analysis, and technical assistance to clients, producers, relationship managers, and internal teammates on issues arising under various laws affecting the Employee Benefits lines- of- business including but not limited to: the Internal Revenue Code, the Employee Retirement Income Security Act (ERISA), the Patient Protection and Affordable Care Act (PPACA), the Consolidated Omnibus Budget Reconciliation Act (COBRA), the Health Insurance Portability and Accountability Act (HIPAA), the Americans with Disabilities Act (ADA), the Family and Medical Leave Act (FMLA), and various workers compensation laws.
Analysis, advice and technical assistance will be provided through responding to daily inquiries to the EB Compliance Help Desk, telephone conferences with producers and account managers where Clients may be included, on-site meetings with producers and client relationship managers where Clients may also be in attendance.
Drive revenue growth for McGriff Employee Benefits through support of marketing efforts, client and prospect meetings, seminars, and support for fee-based compliance consulting services. Attend client deliveries and new business presentations as appropriate or virtually where required.
Create though leadership, intellectual capital, publications, papers, and presentations on compliance related products and tools in accordance with producer and client need and emerging legislation. Prepare items for publication and present at webinars and seminars.
Assist compliance and other McGriff EB Solutions teammates in the preparation of Form 5500 filings, wrap plan documents, 125 Plan documents, discrimination testing, and benefits administration.
Monitor and analyze statutes, regulations, and litigation for changing Employee Benefit legal requirements, and initiate appropriate action or changes.
Advise inside and outside counsel on Employee Benefit issues, if and as needed. Manage outsourced legal services by monitoring quality and costs.
Participate as part of regulatory and compliance steering committees.
Participate in the development and communication of strategic and tactical up-to-date business initiatives and solutions in a way that allows clients to understand the impacts to their employee benefits strategy and their membership.
Support the practice leader on strategic business initiatives to grow the practice including revenue, expenses, staffing, tools, resources, and procedures required to be successful.
Partner with, train and develop producers and account management personnel to understand and present key findings and solutions.
Collaborate with other specialty practice team members on cross-functional solutions, initiatives, and projects.
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Juris Doctor degree
Seven years of experience in legal practice or employee benefits related regulatory and compliance consulting in a supervisory role or equivalent education and training
Thorough knowledge of advanced concepts and practices in the Employee Benefits field
Strong legal analysis and written, verbal communication, and presentation skills
Possess excellent leadership skills
Proven ability to exceed expectations and help team achieve client centered goals
Strong analytical and critical thinking skills
Strong organization skills with the ability to prioritize in a dynamic environment
Demonstrated proficiency in basic computer applications such as Microsoft Office products
Ability to travel, occasionally overnight
Master of Laws degree (LLM) or other Advanced degree(s)
Member of a State Bar Association
Admission to the bar of at least one state.
Experience with Retirement, non-Qualified and Voluntary Benefits Products
Previous experience working with a Third-Party Administrator, with focus on the legislative and regulatory compliance requirements associated with COBRA and flexible benefit plan administration.
Other related insurance and benefits industry licensing, continuing education and certifications
Significant prior experience leading teams and/or projects
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/)
. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the Law (https://www.eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf)
Pay Transparency Nondiscrimination Provision (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.pdf)