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Senior Benefits Counsel

$116,000- $274,000/ year
Posted Jun 27
Full Time
HybridChevy Chase, Maryland

Job Summary:

GEICO is seeking an experienced employee benefits lawyer to join its in-house Legal department.  The Senior Benefits Counsel will be primarily responsible for advising the Company on legal issues related to Retirement and Health and Welfare plans.  This role will partner closely with human resources, finance, and other business teams, while forming part of a collaborative legal department that is valued for its practical advice.  The ideal candidate will have at least 8 years’ relevant substantive experience including time spent in an in-house legal department.  The successful candidate will have excellent communication and interpersonal skills, strong judgment, a depth of technical excellence, and an eagerness to be involved in a dynamic company.

Primary Responsibilities:

  • Advise on a broad range of employee benefits matters including, but not limited to, Internal Revenue Code qualification, ERISA, Affordable Care Act, COBRA, and other laws relevant to 401(k) plans, deferred compensation plans, and Health and Welfare Plans.  

  • Draft, review, and revise Summary Plan Descriptions and Administrative Service Agreements.

  • Review Plan communications, legal posting notices, and draft Plan amendments and resolutions, and partner with relevant stakeholders to support implementation.

  • Collaborate with the benefits administration committee, recordkeeper, and auditor.

  • Partner with human resources and other teams on significant design changes.

  • Defend the company against agency inquiries, audits and investigations related to its retirement or health and welfare plans.

  • Facilitate the escalation of complex matters to outside counsel while maintaining control over matter management and expenses.

  • Conduct research as needed to provide relevant advice.

  • Proactively monitor legislation, regulations, and emerging litigation trends.

  • Advise senior executives to influence decision making.

Basic Qualifications:

  • Juris Doctor (JD) degree from an accredited U.S. law school.

  • Admission to practice law in at least one U.S. jurisdiction.

  • At least 8 years of experience practicing law including at least 5 years of focus on retirement and welfare benefit plans.

  • Thorough understanding of tax and ERISA requirements, and familiarity with federal regulatory agencies.

  • Strong analytical, problem-solving, and decision-making skills.

  • Excellent written and verbal communication skills, with the ability to explain complex legal concepts to non-lawyers.

  • Ability to balance legal risk and business objectives.

  • Proficiency in managing multiple priorities, projects, and stakeholders.

Preferred Qualifications:

  • Experience at a leading law firm and/or large in-house legal department.

  • Ability to effectively counsel internal clients by providing clear, concise and pragmatic advice.

  • Ability to operate autonomously or work collaboratively with other members of the Legal department.

  • Vested time and longevity in majority or all of current and previous positions held.

Location – Hybrid: This position is a hybrid role and will require 3 days working onsite in either the Chevy Chase, MD or New York, NY office.

Annual Salary

$116,000.00 - $274,000.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

Benefits:

As an Associate, you’ll enjoy our Total Rewards Program* to help secure your financial future and preserve your health and well-being, including:

  • Premier Medical, Dental and Vision Insurance with no waiting period**
  • Paid Vacation, Sick and Parental Leave
  • 401(k) Plan
  • Tuition Reimbursement
  • Paid Training and Licensures

*Benefits may be different by location.  Benefit eligibility requirements vary and may include length of service.

**Coverage begins on the date of hire. Must enroll in New Hire Benefits within 30 days of the date of hire for coverage to take effect.

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.