Job Application for Compliance Consultant at Foundation Risk Partners

Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding a Compliance Consultant to their team in the Philly Metro Region.

Job Summary:

The Compliance Consultant is a client-facing role and serves as a subject-matter expert in health and welfare plan regulatory compliance (including ERISA, ACA, COBRA, HIPAA, CAA 2021, MHPAEA, IRC Sections 125, 129,105, etc.).

This role provides advice in relation to the design, implementation and ongoing administration of our clients’ health and welfare plans and insurance arrangements, and the timely delivery of client projects, including conducting client assessments (or mock audits), the drafting of certain regulatory documents, including plan documents and amendments, providing guidance on Form 5500 preparation, conducting HIPAA training and providing general research and answers to client-related questions and questions from Foundation Risk Partners’ (FRP) account management and sales teams.

Additionally, the Compliance Consultant participates in prospective client meetings and presentations and is responsible for drafting FRP’s e-Alerts and other communications related to recent federal and state regulatory changes.

Essential Functions:

Conduct compliance assessments (mock audits of clients’ health and welfare plans and insurance arrangements)
Conduct trainings for clients and FRP personnel
Keep informed of legal and regulatory changes likely to impact FRP clients
Review, revise and draft client-specific compliance materials, including plan documents and plan amendments
Perform research and draft responses to compliance-related questions from both FRP staff and clients

Competencies & Qualifications:

Thorough understanding of regulatory/compliance environment related to health and welfare benefits
Outstanding oral and written communication skills (including platform presentation ability)
Ability to multi-task and meet deadlines
Ability to break down complex material into end–user product
Proficient in Microsoft Office products

Education & Experience:

Bachelor’s degree in business or risk management/insurance or equivalent experience
Minimum of 3-5 years of experience with equivalent health and welfare plan compliance responsibilities from a brokerage/consulting firm or law firm
JD a plus
Producer Life, Accident & Health License a plus

Disclaimer:

While this job description is intended to be an accurate reflection of the job requirements, management reserves the right to modify, add, or remove duties from particular jobs and to assign other duties as necessary.

Equal Employment Opportunity (EEO):

FRP provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or any other classifications protected by law.

Benefits:

FRP offers a comprehensive range of health-related benefit options including medical, vision, and dental. We offer a 401(k) with company match, company paid life insurance, STD, LTD and a generous PTO policy starting at 18 days per year plus 10 paid holidays & 2 floating holidays!

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Compliance Consultant

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