Sr. Compliance Consultant, EB

Holmes Murphy•Minneapolis, MN

About The Position

We are looking to add a Sr. Compliance Consultant to join our Employee Benefits team in Dallas, TX, St. Louis Park, MN, or Waukee, IA. Offering a forward-thinking, innovative, and vibrant company culture, along with the opportunity to share your unique potential, there really is no place like Holmes! Essential Responsibilities: Provide compliance guidance, both internally and with clients, regarding applicable federal and state laws, including all aspects of Internal Revenue Code (the Code), ERISA, ACA, HIPAA, internal Holmes Murphy policies and procedures, and other relevant laws and regulations as they affect employee benefit plans, to ensure effective client service and mitigate corporate risk. Develop and maintain internal educational tools for health and welfare employee benefits compliance. Participate in and lead meetings with Holmes Murphy employees and Holmes Murphy clients regarding employee benefits compliance questions and issues as requested by the Holmes Murphy service team. Facilitate compliance reviews and recommend adjustments to clients based upon current policies and procedures in order to maintain legal and regulatory compliance. Create and deliver educational content for Holmes Murphy employees to keep them abreast of legal and regulatory developments through individual interaction, internal and external webinars, seminars, etc. Qualifications: Education : High school diploma; college degree preferred. Experience : Minimum 4-6 years ERISA and Employee Benefits and compliance experience. Skills & Licensing : JD and licensed and in good standing desired; Active state bar license recommended. Prior experience at carrier or broker agency firm and/or Labor & Employment Law experience a plus. Technical Competencies : Demonstrates strong industry knowledge by applying insurance principles to deliver exceptional client experiences, aligning strategies with client needs while ensuring compliance. Skilled in problem solving and risk management, efficiently identifying issues, implementing solutions, and mitigating potential risks to protect stakeholders. Here’s a little bit about us: In addition to being great at what you do, we place a high emphasis on building a best-in-class culture. We do this through empowering employees to build trust through honest and caring actions, ensuring clear and constructive communication, establishing meaningful client relationships that support their unique potential, and contributing to the organization's success by effectively influencing and uplifting team members. Benefits: In addition to core benefits like health, dental and vision, also enjoy benefits such as: Paid Parental Leave and supportive New Parent Benefits — We know being a working parent is hard, and we want to support our employees in this journey! Company paid continuing Education & Tuition Reimbursement — We support those who want to develop and grow. 401k Profit Sharing — Each year, Holmes Murphy makes a lump sum contribution to every full-time employee’s 401k. This means, even if you’re not in a position to set money aside for the future at any point in time, Holmes Murphy will do it on our behalf! We are forward-thinking and want to be sure your future is cared for. Generous time off practices in addition to paid holidays — Yes, we actually encourage employees to use their time off, and they do. After all, you can’t be at your best for our clients if you’re not at your best for yourself first. Supportive of community efforts with paid Volunteer time off and employee matching gifts to charities that are important to you — Through our Holmes Murphy Foundation, we offer several vehicles where you can make an impact and care for those around you. DE&I programs — Holmes Murphy is committed to celebrating every employee’s unique diversity, equity, and inclusion (DE&I) experience with us. Not only do we offer all employees a paid Diversity Day time off option, but we also have a Chief Diversity Officer on hand, as well as a DE&I project team, committee, and interest group. You will have the opportunity to take part in those if you wish! Consistent merit increase and promotion opportunities — Annually, employees are reviewed for merit increases and promotion opportunities because we believe growth is important — not only with your financial wellbeing, but also your career wellbeing. Discretionary bonus opportunity — Yes, there is an annual opportunity to make more money. Who doesn’t love that?! The salary range for Minnesota residents is $86,800– $144,600. Compensation is based on several factors, including, but not limited to, education, work experience and industry certifications. In addition to your salary, Holmes Murphy offers a comprehensive total rewards program including annual bonuses, total wellbeing benefits and support for professional development. Holmes Murphy & Associates is an Equal Opportunity Employer. #LI-AD1

Requirements

High school diploma; college degree preferred.
Minimum 4-6 years ERISA and Employee Benefits and compliance experience.
Demonstrates strong industry knowledge by applying insurance principles to deliver exceptional client experiences, aligning strategies with client needs while ensuring compliance.
Skilled in problem solving and risk management, efficiently identifying issues, implementing solutions, and mitigating potential risks to protect stakeholders.

Nice To Haves

JD and licensed and in good standing desired
Active state bar license recommended.
Prior experience at carrier or broker agency firm and/or Labor & Employment Law experience a plus.

Responsibilities

Provide compliance guidance, both internally and with clients, regarding applicable federal and state laws, including all aspects of Internal Revenue Code (the Code), ERISA, ACA, HIPAA, internal Holmes Murphy policies and procedures, and other relevant laws and regulations as they affect employee benefit plans, to ensure effective client service and mitigate corporate risk.
Develop and maintain internal educational tools for health and welfare employee benefits compliance.
Participate in and lead meetings with Holmes Murphy employees and Holmes Murphy clients regarding employee benefits compliance questions and issues as requested by the Holmes Murphy service team.
Facilitate compliance reviews and recommend adjustments to clients based upon current policies and procedures in order to maintain legal and regulatory compliance.
Create and deliver educational content for Holmes Murphy employees to keep them abreast of legal and regulatory developments through individual interaction, internal and external webinars, seminars, etc.

Benefits

Paid Parental Leave and supportive New Parent Benefits
Company paid continuing Education & Tuition Reimbursement
401k Profit Sharing
Generous time off practices in addition to paid holidays
Supportive of community efforts with paid Volunteer time off and employee matching gifts to charities that are important to you
DE&I programs
Consistent merit increase and promotion opportunities
Discretionary bonus opportunity

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