Reporting Compliance Specialist - Masco Corporation

Summary This position serves as a Reporting Compliance Specialist for the Employee Benefits Security Administration (EBSA), Office of the Chief Accountant, Division of Reporting Compliance. The Division of Reporting and Compliance ensures the ERISA database contains timely, complete, and accurate information about the regulated plan community. This division is also responsible for the administration of the Delinquent Filer Voluntary Compliance Program. This position is inside the bargaining unit. Responsibilities As a Reporting Compliance Specialist, duties will consist of but is not limited to the following: Plan and conduct a variety of comprehensive studies and analyses to develop and/or revise agency policies and procedures. Review and analyze trends, patterns and inconsistencies in EBSA and IRS interpretations and administration of statutory and regulatory reporting compliance requirements. Develop guidelines for implementation of approved policies and procedures and specifications for automated programs for the assessment of penalties pursuant to ERISA. Review reports for content, substance, accuracy, completeness, and compliance with statutory and regulatory requirements. Research source material such as legislation, regulations, administrative, court rulings, and precedential cases. Analyze inter- and intra-agency investigative, analytical, and enforcement actions taken, and the justifications for such actions. Prepare a digest of the case, noting deficiencies and issues, and develop a recommended course of action. Work with other EBSA components, external agencies, industry, and special interest groups, to resolve accounting, interpretive, enforcement, or database concerns. Identify opportunities to provide regulatory guidance to plan fiduciaries, participants, and beneficiaries; and ensure coordination of programmatic activities. Foster communication among team members to share experiences, observations, and recommendations involving program activities. Provide mentoring and training to other Division staff. Determine the proper case disposition and draft correspondence. Evaluate whether there is a need to assess filing penalties per ERISA and determine the amount of such penalties. Recommend assessment and penalty amounts for novel cases and draft letters to notify filers. Provide technical expertise to the Solicitor's office in the resolution of individual cases. Initiates, plan, develop, and present highly focused and visible compliance assistance programs. Develop technical bulletins, press releases, and informational brochures for distribution to plan administrators and industry groups. Prepare replies to congressional inquiries and requests for technical information. Initiate and maintain liaison with senior personnel of appropriate IRS and PBGC components. Requirements Conditions of Employment Qualifications You must meet the Specialized Experience to qualify for Reporting Compliance Specialist, as described below. For GS-12: Applicants must have 52 weeks of specialized experience equivalent to at least the next lower grade level GS-11 in the Federal Service. Specialized Experience is the experience that equipped the applicant with the particular knowledge, skills, and abilities (KSA's) to perform the duties of the position successfully, and that is typically in or related to the position to be filled. To be creditable, specialized experience must have been equivalent to at least the next lower grade level. Qualifying specialized experience for GS-12 includes: Experience in the interpretation and application of ERISA requirements; Experience in the implementation of ERISA and Form 5500 reporting requirements or ERISA's fiduciary rules and related laws, regulations, and policies; Experience analyzing a wide variety of factors relating to the accuracy of information provided in Form 5500 Series reports. Education Additional Information This position is inside the bargaining unit. If the duty location is within the Washington, D.C. metropolitan area, the position will be included in the Local 12, AFGE bargaining unit. If the duty location is outside the Washington, D.C. metropolitan area, the position will be included in the NCFLL bargaining unit. The mission of the Department of Labor (DOL) is to protect the welfare of workers and job seekers, improve working conditions, expand high-quality employment opportunities, and assure work-related benefits and rights for all workers. As such, the Department is committed to fostering a workplace and workforce that promote equal employment opportunity, reflects the diversity of the people we seek to serve, and models a culture of respect, equity, inclusion, and accessibility where every employee feels heard, supported, and empowered. Refer to these links for more information: GENERAL INFORMATION, REASONABLE ACCOMMODATION, ADDITIONAL DOCUMENTATION, FORMER FEDERAL EMPLOYEES As a condition of employment, all personnel must undergo a background investigation for access to DOL facilities, systems, information and/or classified materials before they can enter on duty: BACKGROUND INVESTIGATION This position is at the full performance level. Click here for Telework Position Information. This is not a remote work position. The selectee will report to an assigned DOL office location on a regular basis and is eligible for participation in telework as determined by management in accordance with DOL policy. Based on agency needs, additional positions may be filled using this vacancy. This job is not 100% telework; it is subject to a 5-day minimum on-site work requirement per pay period. The Department of Labor may use certain incentives and hiring flexibilities, currently offered by the Federal government to attract highly qualified candidates. Click here for Additional Information. The Fair Chance Act (FCA) prohibits Federal agencies from requesting an applicant's criminal history information before the agency makes a conditional offer of employment. If you believe a DOL employee has violated your rights under the FCA, you may file a complaint of the alleged violation following our agency's complaint process Guidelines for Reporting Violations of the Fair Chance Act. Note: The FCA does not apply to some positions specified under the Act, such as law enforcement or national security positions. All Department of Labor employees are subject to the provisions of the Drug-Free Workplace Program under Executive Order 12564 and Public Law 100-71.