Compliance Consultant

Milliman•Houston, TX

1d•Hybrid

About The Position

Milliman is seeking a Compliance Consultant for its Employee Benefits Consulting Practice. The role provides strategic regulatory and compliance consulting to a diverse portfolio of clients, with a focus on designing, documenting, maintaining, and supporting qualified and nonqualified employee benefit plans. The consultant will advise clients on plan design, administration, and correction; draft and review plan documents and participant disclosures; advise on deferred compensation and health and welfare compliance; support corrections through IRS and Department of Labor programs; and research complex benefits-related legal and regulatory questions. The position also oversees the Employee Benefits Compliance team and Research group. The role is based in Houston, Dallas, Albany, New York City, Little Falls, or Milwaukee. Employees must be willing to work in person at a Milliman office weekly; flexible arrangements are considered within the hybrid environment. The EB Consulting team serves corporate, public sector, and multiemployer clients across pension plans, postretirement benefits, employer health benefits, compensation and benefits surveys, and investments.

Requirements

Bachelor’s degree or higher in business, law, or a related field.
At least 10 years of experience in employee benefit plans.
Strong knowledge of ERISA, the Internal Revenue Code, and Treasury regulations governing qualified plans.
A track record in employee benefits law in a law firm, consulting firm, or corporate legal department.
Experience with public speaking.
Strong written and verbal communication skills, including the ability to explain complex concepts in client-facing advisory work.
Ability to work independently, with strong judgment and work ethic.
Strong organization and attention to detail, with a commitment to high-quality work.
Ability to manage complex projects and multiple priorities, and meet deadlines in a fast-paced environment.

Responsibilities

Provide strategic compliance advice on the design, documentation, administration, and correction of qualified and nonqualified employee benefit plans.
Draft and review pre-approved and individually designed qualified defined benefit plan documents, including prototype plan documents.
Prepare compliant Summary Plan Descriptions (SPDs) and other employee disclosures.
Design and advise on nonqualified deferred compensation plans for corporate and tax-exempt entities, ensuring compliance with IRC Sections 409A and 457.
Advise clients on federal health and welfare rules, including wrap plans and health SPDs.
Support clients in correcting compliance failures through IRS EPCRS and DOL VFCP/DFVCP programs.
Research and analyze complex benefits compliance questions, including interpretation of codes and regulations, and respond to consultants and clients.
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.
At least 10 paid holidays per year.
Adoption and fertility assistance.
Up to 11 weeks of paid parental leave for eligible employees.
Life insurance and AD&D, with premiums fully covered by Milliman.
Short-term and long-term disability coverage, fully paid by Milliman.
Skills training, career development, learning, and mentoring opportunities.