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Marsh Risk · 2 weeks ago

Director, US Benefits Compliance & Retirement Program

New York, NY

Full-time

Hybrid

Senior Level, Lead/Staff, Director/Executive

$146K/yr - $293K/yr

12+ years exp

Marsh Risk is a global leader in risk, reinsurance and capital, providing advisory services in 130 countries. They are seeking a Director, US Benefits Compliance & Retirement Program to ensure compliance and effective administration of all US employee benefit programs, leading a team and collaborating with various departments to manage regulatory obligations and optimize benefits design.

ConsultingInsuranceRisk Management

H1B Sponsor Likely

Responsibilities

Lead and manage the US benefits compliance function, ensuring adherence to federal and state regulations including ERISA, IRS, DOL, ACA

Oversee fiduciary responsibilities related to MMC’s US Retirement, Savings, Health & Welfare, and deferred compensation plans

Manage regulatory filings and reporting (e.g., Forms 5500, 990, 990-T, 1094-C/1095-C, PCORI, PBGC, 11-K, etc.), compliance audits, and responses to government inquiries

Provide expert interpretation of benefit plans, contracts, trust agreements, and employment agreements to advise internal stakeholders

Lead a team of direct reports, fostering development and ensuring effective day-to-day administration of benefit programs with respect to compliance and self-correction programs

Collaborate cross-functionally with Legal, Finance, Treasury, HR, and external consultants to support benefits strategy, funding, and plan design

Manage vendor relationships related to benefits compliance and finance

Oversee budgeting, forecasting, and variance reporting for US benefits programs

Support M&A activities by evaluating and integrating employee benefits for acquisitions and divestitures and conducting due diligence reviews

Drive continuous improvement initiatives to enhance compliance processes and employee experience

Be technically proficient with respect to the compliance of all benefit plans, including tax-qualified and non-tax qualified, deferred compensation, defined contribution, defined benefit plans, health and welfare (H&W) benefit plans, and benefit plans identified in individual employment agreements

Advise and direct colleagues on resolution of complicated benefit plan issues, contract and trust agreement interpretations as well as individual participant inquiries

Deep understanding of VEBA Trusts and Unrelated Business Income Tax

Oversee benefits strategy, design, and administration of U.S. tax-qualified and non-tax qualified defined benefit retirement plans

Manage nondiscrimination testing including ADP/ACP, 415, DCAP with assistance of applicable subject matter experts

Qualification

US employee benefits complianceFiduciary responsibilitiesRegulatory filingsBenefits strategyFinancial acumenERISA knowledgeLeadership experienceCommunication skillsTeam managementProblem-solvingCross-functional collaborationProject management

Required

A Bachelor's degree in Human Resources, Business Administration, Finance, Law, or related field

A minimum of 12 years of progressive experience in employee benefits administration, compliance, and plan management within large a complex organization

Lead and manage the US benefits compliance function, ensuring adherence to federal and state regulations including ERISA, IRS, DOL, ACA

Oversee fiduciary responsibilities related to MMC's US Retirement, Savings, Health & Welfare, and deferred compensation plans