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Defined Benefit Calculation Specialist

AT Fidelity Investments
Fidelity Investments

Defined Benefit Calculation Specialist

North Smithfield, RI

Job Description:

The Role

Do you like to solve problems and feel the need to constantly challenge yourself? Are you looking for a role where you have latitude to think differently and the drive to constantly be innovating? Do you have a desire to help research and resolve participants questions? Do you have a passion for mathematics, analytics, and Excel? If so, the Senior Pension Administrator role may be the role that is right for you!

The Purpose of Your Role

Under general supervision, the Senior Pension Administrator will be responsible for the accurate and timely processing of moderate to high complexity calculations in a single or multi-client environment. As an experienced processor, in addition to normal responsibilities, this individual will be charged with the following:

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  • Monitoring their respective work queues and providing direction to ensure that all aging work items and/or calculations are resolved in conjunction with the service level agreement timeframes.
  • Validating and updating User Procedure Documentation (UPD).

The Expertise and Skills You Bring

  • Bachelor's Degree or equivalent work experience
  • Strong math, analytical and intuitive skills
  • Demonstrate initiative in solving problems and implementing solutions
  • Strong analytical and intuitive skills
  • Motivated and committed to excellence; positive demeanor and "can do" work ethic
  • Ability to work as a standout colleague while meeting individual timeliness, accuracy goals and quality standards
  • Ability to adapt to a constantly evolving environment
  • Strong interpersonal skills and attention to detail
  • High integrity and discretion to ensure the confidentiality of private client and participant data
  • Strong written and verbal communication skills
  • Strong Excel and PC Software skills (i.e., Outlook, and Word)

The Value You Deliver

The Senior Pension Administrator must interact with a diverse group within Fidelity, which may include client contacts and participants, and is a key contributor to the team environment and services provided to Fidelity's client base.

The Senior Pension Administrator will use product and client specific procedures when researching inquiries and/or processing calculations to ensure accuracy and timeliness of all work.

  • Manually calculate and review pension benefits for plan participants
  • Manage urgent client critical issues and act as a liaison between the client and employee to solve inquires in a one and done manner
  • Contact participants to explain calculations or resolve participant/client related issues regarding pension benefits
  • Provide support to internal Client Service Functional Teams (Audit & Control, Client Managers)
  • Support monthly testing of various systems upgrades and releases
  • Participate in special departmental projects
  • Provide back-up coverage for other team members as needed

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 top 10 Best Place to Work in 2024. 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.

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 all business days of every other week in a Fidelity office.

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, detailed in this document, 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.

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.

Client-provided location(s): Smithfield, RI, USA; Merrimack, NH, USA; Westlake, TX, USA
Job ID: Fidelity-2102712
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • HSA With Employer Contribution
    • Fitness Subsidies
    • On-Site Gym
    • Pet Insurance
    • Mental Health Benefits
    • Virtual Fitness Classes
  • Parental Benefits

    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Adoption Leave
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • Snacks
    • Company Outings
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Leave of Absence
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Company Equity
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
    • Profit Sharing
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Shadowing Opportunities
    • Access to Online Courses
    • Lunch and Learns
    • Internship Program
    • Work Visa Sponsorship
    • Leadership Training Program
    • Associate or Rotational Training Program

Company Videos

Hear directly from employees about what it is like to work at Fidelity Investments.