Job Description:
Our health and welfare consulting team at Fidelity provides a unique experience for candidates looking for an opportunity to grow their consulting career. Specifically, our team is organized to focus on three key experiences:
We are client focused. Our work with clients is oriented around problem solving and not defined by products we can upsell to our client. Simply put we do what is best for our clients knowing that is fundamental to our ongoing success.All members of our team work with our most senior leaders on a day to day basis. This gives everyone the opportunity to learn from industry leaders with 20+ years of experience in H&W consulting.We think it is important for our associates to have client exposure early in their careers and throughout to develop strong relationship skills. As such, we provide opportunities for all to gain valuable client exposure and assist in the critical process of building client relationships that last.
The Role
As a Senior Consultant, you will lead client projects and relationships that provide H&W clients a different perspective by offering comprehensive solutions. These services can involve a variety of topics including but not limited to plan design, compliance and reporting services, vendor management and selection, strategy development, pricing and employee contribution settings or retiree health care solutions. You will lead H&W Workplace Consulting projects, coach other associates and promote teamwork.
Lead and present analyses and recommendation support within key client relationships, supported by a team of entry-level and experienced actuarial analysts, actuaries, and H&W generalists.Build comprehensive knowledge of the client and their business and identify opportunities to expand relationships with additional solutionsOversee and present development of health and welfare program pricing, budgets, employee contributions, premium equivalent rates for self-insured plans, IBNR and other actuarial liability estimates (adhering to actuarial standards of practices)Lead and implement development of long-and short-term health and welfare employee benefits strategies for clientsLead marketing analysis including RFP creation, proposal collection, and vendor comparisons; lead development and presentation of conclusions and recommendations to clients.Lead team interactions with clients day to dayMentor and develop less experienced associates and facilitate excellent team-based client service
The Expertise and Skills You Bring
Minimum 7 years proven experience in working with the financials and strategic management of health and welfare plans, preferably gained in a benefit consulting/brokerage firm or health underwriting / actuarial function of an insurance companyStrong critical thinking, project management and problem-solving skillsStrong client relationship management skills, including excellent communication and responsivenessAbility to independently develop and facilitate strategy discussions; ability to communicate complex financial results to client stakeholdersDeep knowledge of health insurance and benefits industry, it's practices and applicable laws/regulations, point solutions, traditional carriers partner landscape, PBMs and coalitions, etc.Commitment to team collaboration and coordination, including mentoring less experienced associates and leading teams to facilitate excellent client service.Actuarial exam completion and/or accreditation, a plus
The Team
The Fidelity Workplace Consulting Group is composed of over 400 professionals who advise clients on the management of their domestic and global benefits. We are a fast-growing business within Fidelity, providing a broad range of services that touch on every area of benefits design, strategy, funding, communication, and delivery. Most of our team comes from other leading consulting firms. While we focus on working with the Fortune 1000, we also work with Fidelity clients of all sizes. For more information about Fidelity Workplace Consulting please visit this link: https://www.fidelityworkplace.com/s/workplaceconsulting
The base salary range for this position is $103,000-$218,000 per year.
Placement in the range will vary based on job responsibilities and scope, geographic location, candidate's relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Certifications:
Company Overview
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.
Join Us
At Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees' Choice Award, we have been recognized by our employees as a Best Place to Work in 2023. And you don't need a finance background to succeed at Fidelity-we offer a range of opportunities for learning so you can build the career you've always imagined.
At Fidelity, our goal is for most people to work flexibly in a way that balances both personal and business needs with time onsite and offsite through what we're calling "Dynamic Working". Most associates will have a hybrid schedule with a requirement to work onsite at a Fidelity work location for at least one week, 5 consecutive days, every four weeks. These requirements are subject to change.
We invite you to Find Your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations @fmr.com, or by calling 800-835-5099, prompt 2, option 3.
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.