Compliance Analyst
Diversified Benefit Services•Hartland, WI
•Hybrid
About The Position
We are seeking a Compliance Analyst to join our dynamic and detail-focused team. In this role, you’ll serve as an internal information resource for our front-line service team. The primary functions of this role are to dig into various information sources, conduct research and provide answers/guidance on regulations regarding FSAs, HRAs, HSAs, and COBRA and to conduct non-discrimination testing on the plans administered. Compliance Analysts help ensure that our Company and our Clients administer benefit plans that are in compliance with applicable regulations.
Requirements
- Desire to become an expert in FSA, HRA, HSA and COBRA compliance.
- Strong written and verbal communication skills combined with ability to break information down into understandable language and concepts for end users.
- Skill and interest in conducting research and interpreting information.
- Experience in preparing professional written documentation and correspondence.
- Possess strong critical thinking skills and have the ability to compare and contrast various information sources.
- Demonstrate meticulous attention to detail.
- Ability to interpret technically written regulations and regulatory communications.
- Strong time management research and organization skills in a deadline driven environment.
- Minimum two years of experience in benefits, insurance or human resource environment.
Nice To Haves
- Prior COBRA, health insurance or employee benefits compliance/research experience a plus.
Responsibilities
- Research and provide written responses to compliance related questions from internal departments.
- Develop comprehensive knowledge of regulations regarding FSAs, HRAs, HSAs, and COBRA utilizing resources such as EBIA manuals, ECFC releases and industry blogs/newsletters.
- Review and interpret legislative changes and provide understandable written overview to internal staff and clients.
- Develop thorough understanding of required non-discrimination testing, run tests and provide answers to client questions.
- Develop understanding and become proficient in preparation of plan documents.
- Assist in preparation of written client and business partner informational releases regarding regulations, plan updates action needed, deadlines, etc.
- Present and train internal staff on various compliance related topics.
- Maintain easy to use compliance related resource materials for internal staff members.
Benefits
- Health, dental, and vision insurance
- Disability insurance – company paid
- Life Insurance – company paid
- FSA, HSA, and HRA benefits with employer funding
- 401(k) with employer match
- Paid time off and holidays
- Employee Referral bonus program
- Paid training program and professional development
- Opportunities for advancement within a growing organization
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
