Benefits Senior Associate, Health & Welfare Consulting

Job Description: Note: Fidelity will not provide immigration sponsorship for this position. The Role As a Senior Associate within our Health & Welfare Consulting practice, you will play a key role in delivering strategic and analytical support to clients across a broad range of employee benefits initiatives. You will help develop and implement solutions that enhance benefit programs while supporting clients' workforce and business objectives. Areas of focus will include benefits strategy development, plan design, compliance and reporting, funding analyses, pricing and contribution strategies, vendor management, and retiree healthcare solutions. In this role, you will take ownership of core Health & Welfare consulting deliverables, manage project timelines and priorities, and contribute to the delivery of high-quality client outcomes. Success in this role requires strong analytical, problem-solving, and project management skills, as well as intellectual curiosity, attention to detail, and the ability to build effective relationships with clients, colleagues, and vendor partners. Key Responsibilities include: Collect, organize, validate, and analyze data to inform client recommendations, support project deliverables, and enable strategic decision making. Support the annual renewal process, including data gathering, financial analysis, carrier negotiations, and final recommendations. Assist in the development of health and welfare program budgets, contribution strategies, premium equivalent rates, and other financial projections for self-funded plans. Support vendor management activities, including RFP development, proposal evaluation, vendor comparisons, implementation support, and performance monitoring. Assist in negotiating rates, contractual provisions, and performance guarantees with carriers and benefit vendors. Apply knowledge of the health and welfare marketplace, including health plans, administrators, and specialty vendors, to support client recommendations and business development efforts. Build and maintain strong working relationships with colleagues, clients, vendor partners, and internal stakeholders. Maintain organized and accurate client documentation, including contracts, SPDs, employee communications, project plans, and meeting records. Own project tracking and documentation, including status updates, timelines, key decisions, and issue resolution. Proactively communicate risks, scope changes, resource constraints, or timeline concerns to project leaders. Prepare client deliverables, including presentations, reports, proposals, financial models, spreadsheets, and employee communication materials. Collaborate effectively with colleagues across the practice, region, and broader organization to deliver integrated client solutions. Mentor and support the development of junior associates through coaching, knowledge sharing, and collaborative project work. Foster a culture of transparency, teamwork, and continuous improvement by sharing information, seeking feedback, and contributing to team best practices. Continuously expand technical expertise and industry knowledge through professional development, training, and active participation in client engagements. The Expertise and Skills You Bring 2-5 years of experience in benefit plan design and funding. Background may encompass either consulting, plan sponsors or vendor organizations. Bachelors degree is required. Strong Microsoft Office PC skills in Excel, Word, and PowerPoint Actuarial exam completion and/or accreditation preferred Experience with self-insured medical underwriting is required The Team Our health and welfare consulting team at Fidelity provides a unique experience for candidates looking to grow their consulting career. Our value proposition to associates is centered on three important qualities: 1. We faithfully serve our clients needs. Our work is oriented toward problem solving, and we always do what is best for our clients. 2. We offer a fast-paced work environment and flat-working teams. You will work with our most senior leaders on a daily basis. You will learn from industry leaders with 20+ years of industry experience. 3. Meaningful client exposure. We believe it is important for our associates to start working directly with our clients early in their Fidelity careers to develop strong relationships. As such, we provide opportunities for all consultants to gain valuable client exposure and help us build lasting client relationships. Fidelity Workplace Consulting is composed of over 600 professionals who advise clients on 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. For more information about Fidelity Workplace Consulting please visit this link: https://www.fidelityworkplace.com/s/workplaceconsulting Fidelitys Onsite Working Model Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles. The base salary range for this position is $80,000-$153,000 per year. Placement in the range will vary based on job responsibilities and scope, geographic location, candidates 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. Please be advised that Fidelitys business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories. Certifications: Category: Consulting At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. 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 please contact the following: For roles based in the US: 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 For roles based in Ireland: Contact AccommodationsIreland@fmr.com For roles based in Germany: Contact Accommodationsgermany@fmr.com Fidelity Privacy Policy