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Job Details

Senior Retirement Compliance Consultant

Company name
National Rural Electric Cooperative Association (NRECA) .

Location
Arlington, VA

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Senior Retirement Compliance Consultant

in

Arlington

Virginia

Senior Retirement Compliance Consultant

LocationArlington, VA, US

Organization NameCompliance

The National Rural Electric Cooperative Association (NRECA), with offices in Arlington, VA and Lincoln, NE is the trade association for over 900 consumer-owned electric cooperatives serving more than 42 million people. NRECA is committed to harnessing the strength of America-s electric cooperatives into a single powerful voice. NRECA has won the following awards over the past few years:Top Workplace by the Washington Post 100 Best Places to Work - ComputerWorld Magazine50 Best Places to Work - The WashingtonianCARE Award Recipient - Recognizing organizations that promote a positive work-life balance50 Greatest places to Work - AARPBest Place to Work Award Recipient - Lincoln, NEGold Well Workplace - Wellness Councils of AmericaState of NE Governor's Wellness Award - Grower LevelAt NRECA, we work with people who are leaders in their fields. They are down-to-earth, hardworking professionals committed to helping our members serve their communities. Our work is interesting, constantly evolving, and requires new skills to meet the evolving needs of a dynamic industry. In this collegial, inclusive work environment, united around the compelling purpose and history of electric cooperatives, we thrive. And topping it off, NRECA cares about each person-s overall well-being, encouraging health, financial security, and a sustainable work/life balance. EEO/AA- M/F/Disability/Protected Veteran Status/Genetic Data

Summary

Senior Retirement Compliance Consultant P5Provide expert guidance and advice directly to member cooperatives and internal staff regarding NRECA retirement plans and associated compliance requirements. Navigate complex regulatory and operational issues to design and implement innovative processes and programs that enable member cooperatives to maximize benefit value while minimizing plan compliance risk.

Purpose and Mission

Responsible for accurate and timely completion of defined contribution and defined benefit plan compliance testing, the analyses of test results, and recommendation of solutions for cooperatives who have adverse test results.- Review new plan adoptions, plan mergers, asset transfers, plan freezes, and other complex and atypical transactions to evaluate impacts to the plan and ensure compliance with related laws and regulations. Review cooperative plan and transaction documentation for adequacy and advises on appropriate next steps. Coordinates activities with cooperative leadership and internal staff as needed.- Serve as the technical resource to cooperatives, internal staff, and other compliance staff regarding pension plan provisions, proposed or adopted regulatory requirements, and compliance requirements. Responsible for handling novel inquiries where precedent is not clear.- Proactively develops innovative solutions to complex regulatory changes and emerging cooperative compliance needs. Seeks to understand root causes, identify all stakeholders, and propose and implement solutions that minimize both operational disruption and plan risk.- Collaborate with internal staff to ensure communications and training effectively educate benefit administrators and cooperative executives about their plan compliance responsibilities.- Responsible for the proper security and disposal of any confidential information that he or she may possess in the course of performing this position-s job duties, in accordance with NRECA-s Personnel & Administrative Policy and HIPAA Privacy and Security Policies & Procedures Manuals.

Requirements and Qualifications

Bachelor-s degree and 8 or more years of related compliance experience with both defined benefit and defined contribution plans. - In-depth knowledge of Department of Labor (-DOL-), Internal Revenue Code (-IRC-), and Employee Retirement Income Security Act (-ERISA-) requirements and their appropriate application to pension plans.- Strong demonstrated written and verbal communications skills. - Strong demonstrated research and analytical skills. - Attainment of professional certifications. (QKA/QPA, ERPA, CEBS). - Advanced understanding of both defined benefit and defined contribution designs. Strong ability to communicate, both orally and in writing, on technical and complicated issues to a non-technical audience. - Proficient in conducting ADP/ACP testing, as well as 401(a)(4), 402(g), 415, 401(a)(17), 414, 416, and 410(b) tests. - Exceptional attention to detail. - Excellent client service skills. *LI-RS1

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Company info

National Rural Electric Cooperative Association (NRECA) .
Website : http://www.nreca.org

Company Profile
Electric cooperatives are private, not-for-profit businesses governed by their consumers (known as consumer-members). Two federal requirements for all co-ops, including electric co-ops, are democratic governance and operation at cost. Specifically, every consumer-member can vote to choose local boards that oversee the co-op, and the co-op must, with few exceptions, return to consumer-members revenue above what is needed for operation. Under this structure, electric co-ops provide economic benefits to their local communities rather than distant stockholders. The majority of co-ops distribute electricity to consumers through low-voltage residential lines that cover more than 75 percent of the nation’s land mass. Many of these distribution co-ops, as they’re called, have joined to create co-ops that provide them with generation and transmission services. Distribution co-ops also buy power from investor-owned utilities, public power systems, federal hydropower power marketing administrations and the Tennessee Valley Authority.

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