Jobs · Finance · Illinois

Associate, Benefit Compliance

Invenergy · Chicago, IL · 3 mo ago
Finance$95k–$118k/yrFull-time

Responsibilities

  • Ensure all benefits plans and related processes comply with ACA, ERISA, HIPAA, and other applicable regulations.
  • Configure Workday to generate 1094/1095-C forms; review, reconcile, and distribute required ACA reporting.
  • Support annual 401(k) and FSA non-discrimination testing, preparing and reviewing census information, and coordinate required corrective actions.
  • Support annual 401(k) audits, including data gathering and auditor requests.
  • Calculate 401(k) profit-sharing contributions, support true-ups, and assist with SPD/SBC distribution requirements.
  • Partner with benefit broker to prepare and update Form 5500 and WRAP documents.
  • Complete and submit Form M1, CMS creditable/non-creditable coverage disclosures, RxDC filings, PCORI fee submissions, and Gag Clause Prohibition Compliance Attestation.
  • Partner internally to provide mandatory reporting in relation to prevailing wage requirements under the Inflation Reduction Act.

Benefits Operations & Reconciliation

  • Perform semi-monthly/monthly payroll-to-benefits and vendor reconciliations to ensure accuracy of deductions, invoices, and enrollment data.
  • Manage benefits billing, including forecasting, opening purchase orders, coding invoices in ERP, and ensuring timely payment.
  • Prepare benefit censuses for annual renewals and validate premiums against carrier data.
  • Reconcile 401(k) contributions each payroll cycle to ensure accuracy between payroll, recordkeeping systems, and vendor files.
  • Partner with Payroll to reconcile fringe requirements under Inflation Reduction Act.

Vendor & Internal Partnership Support

  • Collaborate with third-party administrators, benefits carriers, payroll, finance, and HR technology teams to resolve data discrepancies and support ongoing plan administration.
  • Aid in process improvements, system configuration updates, and documentation to enhance benefits compliance and operational efficiency.

Qualifications

  • Strong understanding of federal and state benefit regulations.
  • 5 years of human resources experience.
  • 3 years experience with benefits compliance administration.
  • High attention to detail and strong analytical skills.
  • Intermediate Excel skills.

Preferred Qualifications

  • Experience managing benefits in Workday HCM.
  • Experience with billing Oracle ERP.
  • Experience navigating benefit requirements related to federal contracts and the Inflation Reduction Act.
  • Familiarity with GAAP.

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