Job Description:
The Role
As an Employee Benefits Consultant focused on Health & Welfare Consulting, you will manage projects and client relationships spanning a variety of topics including, but not limited to plan design, compliance and reporting services, health plan underwriting and employee contribution setting, health and well-being management, and retiree health care solutions. You'll lead consulting projects, mentor other associates, and promote collaboration. Important skills for this role include:
- Analyzing and communicating data vital to client benefit programs
- Managing benefit plan renewal processes, including project management, vendor coordination, qualitative and quantitative analysis, negotiations, and documentation of results
- Developing H&W program pricing, budgets, forecasting, employee contributions and premium equivalent rates for self-insured benefit plans (adhering to actuarial standards of practices)
- Assisting in development of long- and short-term employee benefits strategy
- Negotiation of rates, contractual provisions, and performance guarantees with current benefit vendors
- Manage marketing analysis including RFP creation, proposal collection, and vendor comparisons
- Monitoring the market to remain current regarding the major health plans, administrators, and other vendors available in the marketplace to consulting clients and prospects, as well as new, innovative solutions
- Working as a cooperative, proactive team member in projects involving other associates throughout the practice, group, and region to deliver coordinated client results
- 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
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The Expertise and Skills You Bring
- 5-10 years' experience working with H&W plan financials, preferably at a benefit consulting/brokerage firm or through a health underwriting/actuarial function at an insurance company
- Actuarial exam completion and/or accreditation strongly preferred
- Advanced knowledge of health insurance industry and employee benefits strategy
- Bachelor's degree or equivalent experience is required
- Strong Microsoft Office PC skills in Excel, Word, and PowerPoint
- Strong critical thinking and problem-solving skills, plus excellent communication skills
- Self-motivation and determination to succeed
- Strong project management skills and skill in balancing multiple projects in a fast-paced work environment
The Team
Our health and welfare consulting team at Fidelity provides a unique experience for candidates looking for an opportunity to grow their consulting career. Our value proposition to associates is centered on three important qualities:
1) We are passionate about the clients' needs. Our work is oriented to problem solving and not defined by products we can upsell to our clients. Simply put, we always do what is best for our clients.
2) We offer a fast-paced, vibrant work environment. All members of our teamwork with our most senior leaders daily, giving you an opportunity to learn from industry leaders with 20+ years of experience in H&W consulting.
3) Client exposure. We believe it is important for our associates to start working directly with our clients early in their careers to develop strong relationship skills. As such, we provide opportunities for all consultants to gain valuable client exposure and help us build lasting client relationships.
The base salary range for this position is $85,000-$179,000 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 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.