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Fidelity

Fidelity

Senior Associate, Actuary - Health & Welfare

Senior Associate, Actuary - Health & Welfare

Job Details
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Uploaded On
August 24, 2024
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Location
New York, United States
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Remote?
No
Company Overview
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Headquarters
Boston, MA
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Number of Employees
70000
Estimated Number of Actuaries
182
Salary
$
76
k-$
144
k
Glassdoor Ratings
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Recommend to a Friend
86%
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Overall Score
4.3 / 5

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Job Description:

Role

As a Senior Associate, you will help to 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, pricing and employee contribution settings or retiree health care solutions. You will support H&W Benefits Consulting projects, coaches other associates and promotes teamwork.

The Expertise and Skills We're Looking For
  • 2 -5 years proven experience in benefit plan design, funding and/or administration. Background may encompass either consulting, plan sponsors or vendor organizations.
  • Bachelor's degree is required.
  • Strong Microsoft Office PC skills in Excel and Word
  • You have strong critical thinking and problem-solving skills
  • You're a leader with self-motivation and determination to succeed
  • Your strong project management skills
  • You have a strong aptitude to balance and prioritize multiple projects in a fast-paced work environment
  • You have an experience managing contractual provisions, including scope control and managing projects through to conclusion
  • Collecting and preparing data vital to analyze benefit programs while providing assistance to more senior consultants in analysis of benefit programs
  • Collecting renewals and assist in the analysis, negotiations, and finalization of renewals
  • Maintaining organized storage of client documentation (e.g., SPDs, contracts, employee communication)
  • Assisting in the development of health and welfare program pricing, budgets, employee contributions and premium equivalent rates for self-insured plans
  • Supporting the negotiation of rates, contractual provisions, and performance guarantees with current benefit vendors
  • Performing marketing analysis including RFP creation, proposal collection, and vendor comparisons
  • Assist with vendor selection, performance criteria with the management of new vendors and exiting vendors during implementation process
  • Applying knowledge regarding the major health plans, administrators, and other vendors available in the marketplace to consulting clients and prospects
  • Maintaining project plans and status logs with completion times and issue resolutions/decisions
  • Alerting lead consultant when project timing and scope are not in line with original expectations
  • Crafting letters, presentations, proposals, charts, and spreadsheets.
  • Participating as a cooperative, proactive team member in projects involving other associates throughout the practice, group, and region
  • Mentoring less experienced associates at every opportunity
  • Sharing information freely and pro-actively. Keep other associates advised of current information, and ensure all relevant information is captured in client documents


The base salary range for this position is $76,000-$144,000 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:

Category:

Consulting
Apply Now

Working at 

Fidelity

Notably known for investment and financial services, Fidelity offers a wide range of financial products and services to individuals and institutions, including retirement planning, brokerage, and fund management.

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