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Job Title: ERISA Administrative Specialist
Company Name: Truist Financial
Location: Greensboro, NC United States
Position Type: Full Time
Post Date: 05/25/2024
Expire Date: 06/24/2024
Job Categories: Banking, Computers, Software, Finance/Economics, Financial Services, Information Technology
Job Description
ERISA Administrative Specialist

The position is described below. If you want to apply, click the Apply button at the top or bottom of this page. You'll be required to create an account or sign in to an existing one.

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Regular or Temporary:


Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Ensure the delivery of administrative and compliance services for McGriff Employee Benefit clients who sponsor group health and welfare associate benefit plans subject to the requirements of ERISA and other applicable federal state and local regulations.

**Remote Opportunity**

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Ensure timely, quality, and accurate delivery of the Employee Retirement Income Security Act (ERISA) and employee benefits related administrative compliance services for McGriff clients as part of the national employee benefit solutions team.
2. Complete Wrap documents, Section 125 Plans, Summary Plan Descriptions (SPDs), Amendments, and Summaries of Material Modification for welfare benefit plans for delivery to clients.
3. Perform employee benefit plan discrimination testing in accordance with ERISA section 105(h), Internal Revenue Code Sections 125 and 129, or other similar requirements. Communicate results to clients and strategize on potential plan design solutions.
4. Assist clients in the preparation and filing of government filings including Form 5500 with applicable schedules and Summary Annual Reports.
5. Utilize department procedures and project tracking systems to achieve operational efficiencies and enhance client service.
6. Adhere to corporate compliance obligations, internal audit standards, data protection measures and business continuity plans.
7. Provide participant communication materials and required notices for McGriff clients required by ERISA and other applicable regulations.
8. Stay abreast of current events, legislations and emerging regulations with respect to group health and welfare benefit plans.
9. Peer review client deliverables provided by teammates to ensure accuracy and quality.

Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor's degree in business, accounting, legal, paralegal or other analytical field or equivalent education and related training
2. Analytical oriented with strong logic skills
3. Strong communication, presentation and organizational skills
4. Ability to multi-task
5. Ability to work independently or on a team
6. Demonstrated proficiency of basic computer skills, such as Microsoft applications

Preferred Qualifications:
1. Three years of experience in ERISA Welfare Benefits Administration, employee benefits consulting, legal or compliance services
2. Prior management/supervisory experience
3. Other Advanced Degrees
4. Related industry licensing, certifications, and continuing education such as Certified Employee Benefit Specialist (CEBS), America's Health Insurance Plan (AHIP), National Association of health Underwriters (NAHU), etc

General Description of Available Benefits for Eligible Employees of TIH:
All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of TIH Insurance Holdings, LP (TIH) offering the position. TIH offers medical, dental, vision, life insurance, disability, accidental death and dismemberment and tax-preferred savings accounts, along with other voluntary benefits. All regularly scheduled teammates (not temporary or contingent workers), regardless of the number of scheduled hours, can contribute to a 401(k) savings plan and you become eligible for Company matching contributions after one year of service and attainment of age 21. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on TIHs generous benefit plans, please visit our Benefits site. Eligible employees may have the opportunity to participate in a deferred compensation plan and/or have an ownership interest in TIH in the form of profits interest or capital interest. As you advance through the hiring process, you will learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

This position is part of TIH.

Truist Financial Corporation has completed the sale of Truist Insurance Holdings (TIH). As a result, TIH is a separate company from Truist Bank as of May 6, 2024. Refer to the news release for details.

TIH Insurance Holdings, LP (TIH) supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. TIH is a Drug Free Workplace.

EEO is the LawPay Transparency Nondiscrimination Provision E-Verify

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