Lead Benefits Compliance Specialist

Lead Benefits Compliance Specialist

Company:

The Boeing Company

The Boeing Company’s Human Resources (HR) Retirement and Financial Wellbeing organization is currently seeking a Lead Benefits Compliance Specialist to join our team to support benefits compliance issues. A law degree and work experience as an Employee Retirement Income Security Act of 1974 (ERISA) attorney is highly preferred to be successful in this role.

This position will provide subject matter expertise (SME) to coworkers regarding benefit issues and concerns and will respond to many complex questions. The role will also support international plan compliance.  A successful candidate will have strong written and verbal communication, organization and multitasking skills. 

The opportunity is available in any of the following locations: Arlington, VA; Chicago, IL or Seattle, WA.

Position Responsibilities:

• Act as internal consultant to customers regarding benefit programs

• Serve as a subject matter expert in retirement plan compliance issues

• Manage external compliance supplier work and coordinate schedules, reviews and leadership presentations for retirement compliance work

• Establish an implementation schedule and coordinate with internal organizations (e.g. communications, global payroll, regional and country office, etc.) to implement changes for international benefit programs

• Recommend and provide rationale for benefit plan design changes and/or changes to benefit policies and procedures

• Draft plan documentation (e.g. summary plan description, plan amendments, summaries of material modifications, etc.) in accordance with legal requirements for review, approval and appropriate distribution

• Monitor and analyze legislative and regulatory actions that may impact benefit plans to develop recommendations as appropriate

• Review and analyze benefit plan provisions and recommend potential solutions for the restructuring to meet company objectives

• Review and monitor data information feed files to ensure accuracy and resolve discrepancies

• Review and analyze benefit data; respond to general inquiries, audits, document requests; prepare draft response for approval by management and submission to requesting agency

• Review and analyze all relevant information pertaining to a benefit appeal (e.g. plan documents, past precedents prior appeals, etc.) and prepare draft response and present to management

• Review and analyze benefit surveys results to identify changes in the market and formulate recommendations for benefits changes

• Develop performance standards, negotiate benefit contract terms, manage request for proposal (RFP) process for new vendors/carriers and develops quality improvement plans as necessary

• Support union negotiations regarding benefits, present proposed benefit package to union, analyze benefit questions that arise during negotiations, respond to benefits related questions and compare proposal to other contracts (internal and external) to effect a solution

Basic Qualifications (Required Skills/Experience):

• 5+ years of experience working as a benefits attorney or in a role focused on retirement plan legal and compliance matters

• 5+ years of experience in the employee benefits legal or compliance field

• 5+ years of global employee benefits and HR experience

Preferred Qualifications (Desired Skills/Experience):

• Possess a Law Degree

• 3+ years of experience leading and prioritizing request for proposals (RFP)

• 3+ years of experience with proposal management, strategies development and/or contract negotiations

• 3+ years of litigation experience in either a law firm or corporate law department

• 1+ years of experience with international employee benefits

Drug Free Workplace:

Boeing is a Drug Free Workplace where post offer applicants and employees are subject to testing for marijuana, cocaine, opioids, amphetamines, PCP, and alcohol when criteria is met as outlined in our policies. 

Pay & Benefits:

At Boeing, we strive to deliver a Total Rewards package that will attract, engage and retain the top talent.  Elements of the Total Rewards package include competitive base pay and variable compensation opportunities. 

The Boeing Company also provides eligible employees with an opportunity to enroll in a variety of benefit programs, generally including health insurance, flexible spending accounts, health savings accounts, retirement savings plans, life and disability insurance prog