What are the responsibilities and job description for the Compliance Consultant position at Milliman?
Our Employee Benefits (EB) Consulting Practice offers excellent retirement, health, compensation, and investment consulting services to our clients. We are seeking a highly skilled Compliance Consultant to join our team. You will provide strategic regulatory and compliance consulting services to a diverse portfolio of clients. The role focuses on designing, maintaining, and providing compliance support for qualified and nonqualified employee benefit plans.
The ideal candidate brings deep knowledge of employee benefits law, including ERISA, the Internal Revenue Code, and Treasury regulations governing qualified plans, along with significant experience advising clients in a law firm, consulting firm, or corporate legal department environment. In this role, you will draft and review plan documents (including prototype plan documents) and participant disclosures, advise on deferred compensation and health and welfare compliance matters, support correction of plan failures through IRS and DOL programs, and conduct research and analysis on complex compliance issues. We are looking for a highly organized, detail-oriented professional with strong communication skills, a proven ability to manage multiple priorities, and the confidence to work independently while delivering high-quality client service. You will also oversee both our Employee Benefits Compliance team and Research group.
Who We Are
Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.
Milliman invests in skills training and career development and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG’s) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site Social Impact | Milliman | Worldwide to learn more about Milliman’s commitments to our people, inclusion, and sustainability.
Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.
What You Will Do
In this role, you will serve as a trusted compliance advisor to a diverse client base, providing strategic counsel on the design, documentation, administration, and correction of qualified and nonqualified employee benefit plans. You will draft and review plan documents and participant disclosures, advise on nonqualified deferred compensation and health and welfare compliance matters, support clients in resolving compliance issues through IRS and DOL correction programs, and conduct legal and regulatory research to address complex benefits-related questions.
We are seeking a knowledgeable and detail-oriented compliance professional with deep expertise in employee benefits law and a strong track record of advising on complex benefit plan matters. The ideal candidate will have a bachelor’s degree or higher in business, law, or a related field, along with extensive experience interpreting and applying ERISA, the Internal Revenue Code, and Treasury regulations governing qualified plans. You bring 10 years of experience in employee benefit plans, ideally gained within a law firm, consulting firm, or corporate legal department, as well as demonstrated success communicating complex concepts through both client-facing advisory work and public speaking engagements.
The successful candidate will be a self-motivated professional with a strong work ethic, excellent judgment, and the ability to work independently while managing multiple priorities. You are highly organized, able to navigate complex projects with accuracy and efficiency, and committed to producing high-quality work. Strong written and verbal communication skills, keen attention to detail, and the ability to prioritize deadlines in a fast-paced environment are essential for success in this role.
Professional Qualifications
The EB Consulting Practice Delivers Innovative Actuarial And Consulting Solutions Across a Diverse Range Of Industries, Serving Both Active Employees And Retirees. Our Team Partners With Corporate, Public Sector, And Multiemployer Clients, Offering Tailored Expertise In The Following Key Areas
Location
This position is based in Houston, TX, Dallas, TX, Albany, NY, New York, NY, Little Falls, NJ, or Milwaukee, WI. Candidates hired in this role must be willing to work in-person in the Milliman office on a weekly basis, but flexible work arrangements will be considered for our hybrid environment.
Compensation
The overall range for this role is $134,232 - $254,776. A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.
Benefits
We offer a comprehensive benefits package designed to support employees’ health, financial security, and well-being. Benefits include:
All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.
The ideal candidate brings deep knowledge of employee benefits law, including ERISA, the Internal Revenue Code, and Treasury regulations governing qualified plans, along with significant experience advising clients in a law firm, consulting firm, or corporate legal department environment. In this role, you will draft and review plan documents (including prototype plan documents) and participant disclosures, advise on deferred compensation and health and welfare compliance matters, support correction of plan failures through IRS and DOL programs, and conduct research and analysis on complex compliance issues. We are looking for a highly organized, detail-oriented professional with strong communication skills, a proven ability to manage multiple priorities, and the confidence to work independently while delivering high-quality client service. You will also oversee both our Employee Benefits Compliance team and Research group.
Who We Are
Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.
Milliman invests in skills training and career development and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG’s) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site Social Impact | Milliman | Worldwide to learn more about Milliman’s commitments to our people, inclusion, and sustainability.
Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.
What You Will Do
In this role, you will serve as a trusted compliance advisor to a diverse client base, providing strategic counsel on the design, documentation, administration, and correction of qualified and nonqualified employee benefit plans. You will draft and review plan documents and participant disclosures, advise on nonqualified deferred compensation and health and welfare compliance matters, support clients in resolving compliance issues through IRS and DOL correction programs, and conduct legal and regulatory research to address complex benefits-related questions.
- Plan Document Management: Drafting and reviewing pre-approved and individually designed qualified defined benefit plan documents.
- Disclosure Drafting: Creating clear, compliant Summary Plan Descriptions (SPDs) and employee disclosures.
- Nonqualified Deferred Compensation Plan Advisory: Designing and managing deferred compensation plans for corporate and tax-exempt entities, ensuring strict compliance with IRC Sections 409A and 457.
- Health & Welfare Compliance: Advising clients on federal rules governing health arrangements, including wrap plans and health SPDs.
- Compliance Correction: Navigating IRS (EPCRS) and DOL (VFCP/DFVCP) correction programs to resolve client compliance failures.
- Research and Analysis: Responding to questions raised by our consultants and/or clients regarding compliance issues and code/regulations interpretation.
We are seeking a knowledgeable and detail-oriented compliance professional with deep expertise in employee benefits law and a strong track record of advising on complex benefit plan matters. The ideal candidate will have a bachelor’s degree or higher in business, law, or a related field, along with extensive experience interpreting and applying ERISA, the Internal Revenue Code, and Treasury regulations governing qualified plans. You bring 10 years of experience in employee benefit plans, ideally gained within a law firm, consulting firm, or corporate legal department, as well as demonstrated success communicating complex concepts through both client-facing advisory work and public speaking engagements.
The successful candidate will be a self-motivated professional with a strong work ethic, excellent judgment, and the ability to work independently while managing multiple priorities. You are highly organized, able to navigate complex projects with accuracy and efficiency, and committed to producing high-quality work. Strong written and verbal communication skills, keen attention to detail, and the ability to prioritize deadlines in a fast-paced environment are essential for success in this role.
Professional Qualifications
- Bachelor’s degree or above required in business, law, or similar field.
- Ten or more years of experience in Employee Benefit Plans.
- Well-versed in ERISA the Internal Revenue Code, and Treasury regulations governing qualified plans.
- Experience in public speaking.
- Proven track record in employee benefits law within a law firm, consulting firm, or corporate legal department.
- Strong work ethic and ability to work independently.
- Attention to detail and commitment to quality work.
- Ability to organize complex projects.
- Proven ability to handle multiple projects and tasks, prioritizing and meeting deadlines.
- Excellent written and verbal communication skills.
The EB Consulting Practice Delivers Innovative Actuarial And Consulting Solutions Across a Diverse Range Of Industries, Serving Both Active Employees And Retirees. Our Team Partners With Corporate, Public Sector, And Multiemployer Clients, Offering Tailored Expertise In The Following Key Areas
- Corporate Pension Plans
- Multiemployer Pension Plans
- Public Pension Plans
- Other Postretirement Benefit Plans
- Employer Health Benefits
- Compensation and Benefits Surveys
- Investments
Location
This position is based in Houston, TX, Dallas, TX, Albany, NY, New York, NY, Little Falls, NJ, or Milwaukee, WI. Candidates hired in this role must be willing to work in-person in the Milliman office on a weekly basis, but flexible work arrangements will be considered for our hybrid environment.
Compensation
The overall range for this role is $134,232 - $254,776. A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.
Benefits
We offer a comprehensive benefits package designed to support employees’ health, financial security, and well-being. Benefits include:
- Medical, Dental and Vision – Coverage for employees, dependents, and domestic partners.
- Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges.
- 401(k) Plan – Includes a company matching program and profit-sharing contributions.
- Discretionary Bonus Program – Recognizing employee contributions.
- Flexible Spending Accounts (FSA) – Pre-tax savings for dependent care, transportation, and eligible medical expenses.
- Paid Time Off (PTO) – Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis.
- Holidays – A minimum of 10 paid holidays per year.
- Family Building Benefits – Includes adoption and fertility assistance.
- Paid Parental Leave – Up to 11 weeks of paid leave for employees who meet eligibility criteria.
- Life Insurance & AD&D – 100% of premiums covered by Milliman.
- Short-Term and Long-Term Disability – Fully paid by Milliman.
All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.
Salary : $134,232 - $254,776