Compliance Specialist

Found in: Appcast Linkedin GBL C2 - 3 weeks ago

Carmel, United States The MJ Companies Full time

Job Summary

The Compliance Specialist will engage with clients and internal sales consultants and account teams to support the development and implementation of compliance programs and policies. This position will assist the Compliance Director with compliance matters and will interact directly with clients to present updates on compliance as well as assist with managing ongoing compliance requirements and clients related compliance questions.

Essential Job Functions

+ Remain well-informed regarding dynamic regulatory developments that significantly influence both MJ clients and their benefits.

+ Respond to inquiries from Sales Consultants, Associates, and clients regarding federal and state laws (e.g., Health Care Reform, COBRA, FMLA, HIPAA).

+ Collaborate with external contacts (e.g., Department of Labor, IRS, Law Firms) to interpret and clarify regulations' impact.

+ Produce communication materials that inform both internal and external audiences about recent regulatory updates, collaborating with the communications team to ensure effective distribution across multiple channels.

+ Establish and oversee a continuous compliance update synchronized with a tailored timeline for clients, leveraging compliance dashboard reporting tools.

+ Assist clients in understanding their requirements under ERISA, PHSA, IRC, and other regulations.

+ Keep the department informed about pertinent compliance modifications, including presenting reports during the monthly Value Prop Meetings.

+ Identify internal opportunities for Wrap Documents and Summary Plan Documents, oversee 5500 reporting with client support, source external resources for ACA and CAA compliance, update company compliance page, and formulate strategies for addressing regulatory shifts.

+ Participate in education sessions, industry meetings, networking events, and national workshops to continually enhance expertise and remain aligned with industry standards.

Technical Functions

+ Proficiency in MS Office products (Excel, Word, Outlook, PowerPoint).

+ Exhibits initiative, resourcefulness, and proactive self-starting qualities, demonstrating strong organizational skills and attention to detail while effectively prioritizing daily workloads.

Required Education

+ Bachelor’s degree; Associate’s Degree; or equivalent work experience

+ 2+ years of experience working in compliance with knowledge of federal and state laws (e.g., Health Care Reform, COBRA, FMLA, HIPAA).

+ Obtain and maintain Life & Health Insurance Agent license.

Preferred Education

+ Certified Risk and Compliance Management Professional (CRCMP)

+ Professional certifications pertaining to HIPAA, COBRA, ERISA, Benefits Administration (e.g., CEBS, SHRM, International Foundation of Employee Benefit Plans, etc.)

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