ISAS Group Benefits Trust Overview

The ISAS Group Benefits Trust (est. 1989) is a tax-exempt 501(c)(9) Voluntary Employees’ Beneficiary Association (VEBA) and a registered Multiple Employer Welfare Arrangement (MEWA) serving independent schools affiliated with the Independent Schools Association of the Southwest (ISAS). The Trust currently includes approximately 25 member schools across Texas and Oklahoma, representing about 3,600 employees and more than 6,000 total insured lives. It operates as a self-funded plan offering medical, dental, vision, and prescription drug benefits, with two primary medical plan options: a traditional PPO and a High-Deductible Health Plan (HSA-compatible). The Trust maintains both specific and aggregate stop-loss coverage to limit financial exposure and stabilize member costs. Governed by a board of member school representatives, the Trust is subject to ERISA fiduciary standards and annual Form 5500 and Form M-1 filings with the Employee Benefits Security Administration (EBSA), along with independent audits and actuarial opinions to ensure ongoing regulatory compliance and financial soundness.

This job is working remotely except for some in person meetings in Dallas.

Position Summary

The Executive Director is responsible for all aspects of the ISAS Group Benefits Trust (the “Trust”) and serves as the organization’s Chief Executive Officer. This individual sets the tone for the direction of the Trust and ensures that the Trust remains in compliance with all laws, rules, and regulations of appropriate governmental authorities, and maintains sound financial standing. The Executive Director also fosters a collaborative, service-focused environment, building strong and supportive relationships with participating schools, vendors, and trustees.

Essential Functions

• Manage financial integrity of the Trust
  • Develop annual budget and rate setting projections for Finance Committee
  • Manage the renewal of insurance policies (i.e., fiduciary liability, officers & directors, professional liability, crime, cybersecurity, reinsurance)
  • Maintain relationship with investment advisor and monitor portfolio compliance with the Trust’s investment policy
  • Manage and/or complete annual required federal and state filing requirements (5500, 990, M-1, etc.)
  • Actively work and manage the underwriting process for schools applying for membership to the Trust
    
    
• Trust Governance and compliance
  • Act as HIPAA Privacy and Security Officer and coordinate HIPAA and fiduciary training as necessary for personnel of participating employers
  • Manage the second-level appeal process working with independent expert medical consultants and legal counsel as needed
  • Monitor state and federal bodies (i.e., DOL, HHS, IRS, CMS, DOI, etc.) for legislative changes and regulatory impact currently and prospectively to the Trust and inform trustees and participants as appropriate
  • In coordination with the Executive Committee develop the annual Trust meeting calendar
  • Coordinate Trust Board and Committee meetings, developing agenda, and meeting documents as needed
  • Take or coordinate the taking of minutes at all Trust Board and Committee meetings
  • Monitor compliance of each participating employer with participation requirements and other required reporting annually
  • Manage the production of plan documents and coordinate legal document review with counsel as necessary (i.e., SPD, SBC, Wellness Program guidelines, etc.)

• Interface with plan vendors and consultants
  • Maintain working relationship with outside benefit consultants and plan vendors
  • Maintain professional relationships with other consultants and engage, as needed
  • Research plan design and benchmarks with assistance from consultants and vendors, recommending appropriate updates and/or new programs
  • Coordinate on-campus biometric screening events and vaccination events with designated vendors and school locations
  • Help conduct enrollment meetings for new participating employers as well as current school locations as requested

• Plan Communication
  • Manage and respond to wellness plan inquiries
  • Coordinate annual build-out of wellness plan portal and updates
  • Maintain the Trust website
  • Provide communication material for open enrollment and other Trust program as needed and/or requested
  • Respond to inquiries regarding the Trust from non-member institutions
    
    
• Data Security
• Protection of PHI and PII: The Trust and its member schools must safeguard all Protected Health Information (PHI) and Personally Identifiable Information (PII) under HIPAA and applicable privacy laws. This includes encryption of data in transit and at rest, secure access controls, and regular review of who has access to sensitive participant data.
• Trust and Vendor Network Security: The Trust and its vendors must maintain strong network and endpoint security, including firewalls, intrusion detection, multi-factor authentication, anti-malware protection, and timely patching. Both parties share responsibility for ensuring that systems and personal computers accessing Trust data are hardened against unauthorized access or compromise.
• Vendor and Incident Oversight: The Trust is responsible for verifying that all business associates (e.g., TPAs, stop-loss carriers, brokers) have adequate data protection policies and SOC 2–level controls. A formal incident response plan must address breach detection, containment, notification, and corrective action for both network and local device exposures.

 Other Duties and Responsibilities

• Maintain an expert understanding of the Trust’s program of benefits.
• Maintain a strong awareness of the political, social, and fiscal environment for health and welfare plan operations.
• Perform other duties as assigned by the Executive Committee

Qualifications

• Education and/or Experience
  • Undergraduate degree, master’s degree preferred
  • 5 years’ experience in related position(s) (i.e., healthcare and welfare benefits administration, non-profit management)
  • Professional certifications (i.e., CEBS, GBA, etc.) preferred

• Other Skills and Abilities
  • Strong analytical skills
  • Experience with accounting and financial reporting
  • Proficiency in spreadsheet and database applications
  • Strong written and oral communication skills
  • In-depth understanding of federal and state compliance requirements
  • Well organized, self-directed, and strong work ethic
  • Friendly, professional, and helpful interpersonal style with the ability to build trust and support member schools
  • Commitment to responsiveness, relationship-building, and exceptional service
  • Collaborative approach with the ability to work effectively with diverse stakeholders
  • Must reside in Texas or Oklahoma (or be willing to relocate)

About ISAS Group Benefits Trust

Thank you for exploring the professional opportunities available at Parish Episcopal School. As a place that seeks to add value to the lives of the students in our community, we search for faculty members who possess a passion for their subject, an eagerness to build meaningful relationships with those they teach and a recognition of the important place that contemplation and reflection hold in the educational process. If you are committed to purposeful work and possess a spirit of possibility, I would invite you to learn more about Parish through our website and to apply for an appropriate position. Parish Episcopal School is an equal opportunity employer and affords equal opportunity to all applicants for all positions without regard to race, color, religion, gender, national origin, age, disability, veteran status or any other status protected by law.

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