Compliance Consultant

Milliman•Brookfield, WI

2d•$134,232 - $254,776•Hybrid

About The Position

Milliman is seeking a Compliance Consultant to provide strategic regulatory and compliance consulting to a diverse portfolio of employee benefits clients. The position focuses on designing, documenting, maintaining, administering, and correcting qualified and nonqualified employee benefit plans. The consultant will advise on complex matters involving ERISA, the Internal Revenue Code, Treasury regulations, deferred compensation, and health and welfare arrangements; support compliance corrections through IRS and Department of Labor programs; and conduct legal and regulatory research. The role also oversees the Employee Benefits Compliance team and Research group. The position is part of Milliman’s Employee Benefits Consulting practice, which provides actuarial and consulting solutions to corporate, public sector, and multiemployer clients. The role is based in one of the listed Milliman offices and requires in-person work in the office weekly, with flexible arrangements considered in a hybrid environment.

Requirements

Bachelor’s degree or above in business, law, or a similar field.
Ten or more years of experience in employee benefit plans.
Strong knowledge of ERISA, the Internal Revenue Code, and Treasury regulations governing qualified plans.
Experience in employee benefits law within a law firm, consulting firm, or corporate legal department.
Experience in public speaking.
Ability to work independently and demonstrate a strong work ethic.
Strong attention to detail and commitment to high-quality work.
Ability to organize complex projects and manage multiple projects and tasks while prioritizing and meeting deadlines.
Excellent written and verbal communication skills.

Responsibilities

Draft and review pre-approved and individually designed qualified defined benefit plan documents.
Create compliant Summary Plan Descriptions (SPDs) and employee disclosures.
Design and manage deferred compensation plans for corporate and tax-exempt entities, ensuring compliance with IRC Sections 409A and 457.
Advise clients on federal rules governing health arrangements, including wrap plans and health SPDs.
Support resolution of client compliance failures through IRS EPCRS and DOL VFCP/DFVCP correction programs.
Research and respond to questions from consultants and clients about compliance issues and interpretation of codes and regulations.
Provide strategic advice on the design, documentation, administration, and correction of qualified and nonqualified employee benefit plans.
Oversee the Employee Benefits Compliance team and Research group.

Benefits

Medical, dental, and vision coverage for employees, dependents, and domestic partners.
Employee Assistance Program (EAP).
401(k) plan with company matching and profit-sharing contributions.
Discretionary bonus program.
Flexible Spending Accounts for dependent care, transportation, and eligible medical expenses.
Paid time off accruing from the first day of work; full-time employees accrue 15 days per year, with prorated accrual for employees working less than full-time.
A minimum of 10 paid holidays per year.
Family building benefits, including adoption and fertility assistance.
Up to 11 weeks of paid parental leave for eligible employees.
Life insurance and AD&D premiums fully covered by Milliman.
Short-term and long-term disability coverage fully paid by Milliman.