Willis Towers Watson Benefits Advisory and Compliance Consultant in Chicago, Illinois

Benefits Advisory and Compliance Consultant

Date Posted: April 25, 2018

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JOB DESCRIPTION

The Benefits Advisory and Compliance Service (BAC) within WTW’s Retirement line of business provides governance, operational, compliance, vendor and defined contribution consulting services for the full array of qualified and non-qualified retirement plans, as well as health and welfare plans. As such, we help clients fulfill their fiduciary obligations and achieve plan effectiveness.

As a Consultant in BAC you will apply your consulting, legal, and project management expertise in the areas of compliance, plan design and risk and financial management to Fortune 1000 and other corporate and not-for-profit organizations. Our Consultants are the primary point of contact and service delivery to our sophisticated clients. And, as a project manager and communication liaison, you will be interacting with HR, benefit and legal client contacts, vendors and internal relationship managers.

The Role

  • Drive superior, consistent project management for concurrent BAC projects

  • Translate business needs into comprehensive project plans including objectives, timeline, deliverables, budget and quality standards;

  • Serve as the day to day project lead, ensuring the progress of teams against established goals

  • Serve as primary, daily contact to clients on delivery of services

  • Manage client expectations and raise appropriate issues to Senior Consultants and Client Relationship Managers

  • Develop a trusted advisor relationship with client contacts through efficient, quality execution of projects, effective communication, and value added consulting advice

  • Interface with colleagues from other practices and regions on assignments that reflect the client’s broader business issues

  • Provide core compliance services including non-discrimination testing, operational reviews and government filings, including determination letter and corrections applications

  • Administer plan documentation efforts (forms, amendments, restatements, SPD’s, SMM’s)

  • Review and analyze clients’ qualified and non-qualified benefit plans

  • Contribute to the resolution of clients’ legal and regulatory issues

  • Consult with clients on issues of plan qualification and fiduciary responsibility

  • Coordinate communications, data flow and related work streams with vendors

  • Assist in the tracking and interpretation of legal developments, both internally and with clients, on all aspects of the Internal Revenue Code (IRC), ERISA, and other relevant laws as they affect employee benefit plans

  • Partner with leading legal, actuarial and financial consultants across the US to create and apply our intellectual capital to consulting projects

  • Follow firm and line of business processes, protocols and quality standards in the development and deployment of solutions

  • Meet revenue and billable hour goals as described by manager

  • Support the generation of new business as part of the broader team

  • Participate in prospecting opportunities with new clients as part of a broader team

  • Directly contribute to clients’ success through applying your technical expertise

  • Build relationships internally and collaborate effectively on cross-functional teams

  • Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels

  • Serve as mentor to project team associates

The Requirements

  • 5+ years of experience in employee benefits or retirement consulting with a focus on compliance, plan administration, or recordkeeping. Prior experience in professional services firm or legal environment preferred

  • Experience and success delivering compliance solutions to corporate and not-for-profit organizations (e.g. plan governance, government filings, plan documentation, testing, vendor management). Extensive knowledge of and experience with 401(k), 403(b) and/or defined benefit plans is necessary.

  • Deep knowledge of IRC, ERISA and other relevant laws and regulations affecting employee benefit plans

  • Proven experience successfully managing multiple projects and producing quality deliverables on time and within budget

  • Comfortable interacting with and presenting to professionals at all levels within various organizations (internal and external clients, vendors, other consultants and counsel)

  • Proven ability to recognize and diagnose issues and work in teams to influence clients’ decision making

  • The ability to see the “big picture,” leveraging the resources of other groups to address the clients’ business challenge

  • Undergraduate degree required; JD and/or post graduate is helpful but not required ASPA, NIPA, QKA or CEBS certifications are encouraged and an advantage

The Company

Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

Willis Towers Watson is an equal opportunity employer

Willis Towers Watson is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.

Equal Employment Opportunity: Know your rights at http://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf .

Unsolicited Contact : Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Willis Towers Watson are considered property of Willis Towers Watson and are not subject to payment of agency fees. In order to be an authorized Recruitment Agency/Search Firm for Willis Towers Watson, any such agency must have an existing formal written agreement signed by an authorized Willis Towers Watson recruiter and an active working relationship with the organization. Resumes must be submitted according to our candidate submission process, which includes being actively engaged on the particular search. Likewise, for our authorized Recruitment Agencies/Search Firms, if the candidate submission process is not followed, no agency fees will be paid by Willis Towers Watson. Willis Towers Watson is an equal opportunity employer.

Apply

Not ready to Apply? at https://willistowerswatson.avature.net/WTWTalentNetwork

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JOB SNAPSHOT

  • Location:Chicago, IL, USSouthfield, MIAnn Arbor, MIGrand Rapids, MIMinneapolis, MNCincinnati, OHCleveland, OH

  • Date Posted:April 25, 2018