Compliance Analyst - Employee Benefits

Job Description

Job Description

Please note; this role is based in Hartland, WI!

Job Title:
Compliance Analyst

Company Overview:
We are a fast-growing Third Party Administrator (TPA) specializing in tax-advantaged benefit plans such as Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs), COBRA, and Individual Coverage HRAs (ICHRAs). Our mission is to help employers and participants maximize their benefits with confidence, clarity, and compliance.

Job Description:
We are seeking a Compliance Analyst to join our dynamic and detail-focused team. In this role, you’ll serve as an internal information rseource 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.

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.
• Maintain easy to use compliance related resource materials for internal staff members.

Qualifications:

• 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.
• Prior COBRA, health insurance or employee benefits compliance/research experience a plus.

Job Type:
Full-time

Schedule:

• Monday to Friday
• Flexible start time (8:00 or 8:30 a.m.)
• Onsite fulltime for six months / transitions to hybrid (1 day remote/4 in office thereafter)

Compensation:

• Competitive salary
• Annual performance bonus opportunities

Benefits:

• Health, dental, and vision insurance
• Disability insurance – company paid
• Life Insurance – company paid
• FSA, HSA, and HRA benefits with employer funding (of course!)
• 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

Location:

• Hartland, WI

Ready to Apply?
Whether you come from a benefits, insurance or human resources environment, or just passionate about making work more meaningful and serving as a trusted resource– we want to meet you!

APPLY NOW OR TAG SOMEONE WHO’S READY FOR THEIR NEXT GREAT OPPORTUNITY!

Who we are:

For nearly 40 years, Diversified Benefit Services, Inc. (DBS), continues to be a leading third party administrator (TPA) of FSA’s, ICHRA's, HRA’s, HSA’s, COBRA, and other customized benefit plans. At DBS we believe that good people are the key to our success, and we understand the importance of finding qualified, motivated and positive professionals who thrive on challenge and seek opportunities to utilize their skills and talents. DBS provides a well-rounded training program that gives our employees the best innovative tools and support they will build upon to be engaged and successful.

Company Description

Who we are:\r\n\r\nFor nearly 40 years, Diversified Benefit Services, Inc. (DBS), continues to be a leading third party administrator (TPA) of FSA’s, ICHRA's, HRA’s, HSA’s, COBRA, and other customized benefit plans. At DBS we believe that good people are the key to our success, and we understand the importance of finding qualified, motivated and positive professionals who thrive on challenge and seek opportunities to utilize their skills and talents. DBS provides a well-rounded training program that gives our employees the best innovative tools and support they will build upon to be engaged and successful.