Job Description:

Actuarial Health and Welfare Co-op Fidelity Workplace Consulting

Are you a passionate and self-motivated person who would thrive in a collaborative competitive environment? If so, come build your career with us!

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 with no conflicting interests. 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 Expertise We're Looking For

• Mathematics, Actuarial Science or quantitative subject major preferred
• Having passed a Society of Actuaries exam strongly preferred
• Courses in business, accounting, finance or economics a plus
• Prior internship a plus
• Availability of six months (January 2024 to June 2024)

The Purpose of Your Role

The Actuarial Co-op will work with teammates to provide actuarial services and consulting advice to clients regarding their benefit programs with an emphasis in health and welfare plans. We will work with you to develop your financial, business and consultative skills. Career path for candidate aims at becoming a consulting actuary working directly with and advising chief financial officers and human resource officers of mid to large size companies regarding their employee benefit programs

The Skills You Bring

• You have familiarity with spreadsheet and database programs, including Microsoft Office
• You are committed to constant self-improvement and exhibit a competitive drive
• You are comfortable asking for help You are resourceful, organized, and able to prioritize multiple tasks at the same time
• You have a high aptitude to learn new things quickly and adapt to new situations
• Your commitment to learning and actuarial profession

The Value You Deliver
• Collecting and preparing data necessary to analyze benefit programs
• Maintaining organized storage of client documentation (e.g., SPDs, contracts, employee communication)
• Assisting in the development of health and welfare program pricing, reserving, budgets, employee contributions and premium equivalent rates for self-insured plans
• Assisting in the negotiation of rates, contractual provisions and performance guarantees with current benefit vendors
• Performing marketing analysis including RFP creation, proposal collection, and vendor comparisons; Assisting with vendor selection, performance criteria, pricing negotiations and contractual provisions

How Your Work Impacts the Organization

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 100, 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

Company Overview

At Fidelity Investments, our customers are at the heart of everything we do. As a privately held company with a rich 75-year history, our mission has remained the same since our founding: 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. And you don't need a finance background to succeed at Fidelity-we offer a range of opportunities for learning and growth so you can build the career you've always imagined. We welcome associates from different backgrounds and with different perspectives to help us innovate and make a difference for our customers and our communities.

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 Leave of Absence/Accommodation Team by sending an email to accommodations @fmr.com, or by calling 800-835-5099, prompt 2, option 2

Certifications:

Category:

Administration

Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.