ICHRA Compliance Analyst

Hi, we’re Gravie. Our mission is to create health benefits that actually benefit small and midsize businesses and their employees. Our innovative benefit solutions and services are developed and delivered by a diverse group of unique people. We encourage you to be your authentic self - we like you that way.

 A Little More About The role:

We are seeking a Compliance Analyst to provide day-to-day compliance support for Gravie’s Individual Coverage Health Reimbursement Account (ICHRA) line of business. This role will manage and oversee regulatory filings, facilitate response to regulatory complaints, execute regulatory change management process, provide general compliance support and expertise to operational areas, and perform risk-based oversight audits. 

The ideal candidate brings expertise in health plan compliance. 

 You will:

● Regulatory Calendar Management & Oversight

● Drive the maintenance and oversight of the enterprise-wide regulatory calendar, ensuring timely identification and tracking of all required state and federal regulatory filings for Gravie and its clients.

● Lead the end-to-end preparation and submission of Corporate Compliance-owned regulatory reports..

● Establish and monitor internal controls to ensure the accuracy and completeness of all regulatory submissions.

● Regulatory Change Management

● Perform proactive daily monitoring and analysis of emerging state and federal healthcare legislation, sub-regulatory guidance (e.g., CMS FAQs, DOL Field Assistance Bulletins), and regulatory changes (e.g., ACA, HIPAA).

● Conduct thorough impact assessments of new regulations on the ICHRA line of business and disseminate clear, summarized, and actionable information to senior management and internal stakeholders.

● Facilitate the development of comprehensive response and implementation plans, and drive the oversight process through to successful completion and operational readiness.

● Operational Compliance and Advisory

● Serve as a primary compliance subject matter expert (SME), providing timely and accurate guidance to business partners across the organization on complex regulatory matters.

● Act as the Corporate Compliance representative in cross-functional working groups and product development initiatives, ensuring compliance is built into all new processes and offerings.

● Support the day-to-day production and regulatory review of ERISA and non-ERISA plan documents and member communications for adherence to federal and state requirements.

● Collaborate with the Corporate Compliance, Privacy, and Audit teams to develop, refine, and enforce policies, procedures, and internal controls to maintain audit readiness (e.g., SOC compliance, internal audits) and robust internal governance.

● Provide expertise and oversight for critical state-based compliance requirements, including advisor licensing and appointments, and TPA licensing/Secretary of State certifications.

● Risk-based Oversight and Auditing

● Design, execute, and document risk-based oversight tasks and internal audits established by Corporate Compliance and Audit, focusing on high-risk areas such as member enrollment and payment processing.

● Analyze compliance data, identify trends and systemic risks, and report findings to compliance leadership with recommendations for corrective action.

● Maintain meticulous documentation and data related to all oversight tasks and findings.

 You bring: 

● 2+ years of experience in a highly regulated industry such as healthcare or finance, and demonstrated familiarity with regulatory compliance.

● Experience in compliance or related field

● Strong analytical skills and ability to interpret complex regulatory requirements

● Excellent written and verbal communication skills with ability to translate legal requirements into actionable guidance

● Experience developing and implementing policies and procedures

● Proven ability to work independently and prioritize multiple competing demands

● Strong project management and organizational skills

 Extra credit: 

● In-depth knowledge of health plan compliance and regulatory frameworks

● Experience with SOC compliance preparation

● Healthcare or financial services industry experience

 Gravie: 

 In order to create a more equitable and sustainable future for employer-sponsored health insurance, we need talented people doing amazing work. In exchange, we offer a great overall employee experience with opportunities for career growth, meaningful mission-driven work, and an above average total rewards package.

The salary range for this position is $65,850 - $109,750 annually. Numerous factors including, but not limited to, education, skills, work experience, certifications, etc. will be considered when determining compensation.   

Our unique benefits program is the gravy, i.e., the special sauce that sets our compensation package apart. In addition to standard health and wellness benefits, Gravie’s package includes alternative medicine coverage, generous PTO, up to 16 weeks paid parental leave, paid holidays, a 401k program, transportation perks, education reimbursement, and paid paw-ternity leave. 

 A Little More About Us:

●   We know healthcare. Our company was founded and is still led by industry veterans who have started and grown several market-leading companies in the space.

●   We have raised money from top tier investors who share the same long-term vision as we do of building an industry defining company that will endure over the long run. We are well capitalized.

●   Our clients love us. Customer satisfaction rates among employees using Gravie health plans consistently rank above 80% – nearly 40 points above the industry average.

●   Our culture is unique. We tend to be non-hierarchical, merit-driven, opinionated but kind people who thrive working in a high-performance, fast-paced environment. People at Gravie care deeply about making a positive impact in the lives of the people we serve. We may not be the right place for everybody, but if you get energized by doing work every day that focuses on putting consumers at the front of the line, we could be a great place for you. It takes unique people and diverse perspectives to deliver our results. We encourage you to be your authentic self – we like you that way