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Lead Actuary, Health & Welfare job in Boston

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Boston, Massachusetts - MA Fidelity Investments

Job Ref:  2089230
Employer:  Fidelity Investments
Sector:  Investment
Pensions/Retirement
Qualifications:  Senior Qualified Actuary
Job Type:  Full Time
Salary and Benefits:  $124,000 - $262,000 per year
Remote:  No

Location

Country:  United States
State/Province/County:  Massachusetts - MA
City:  Boston
Post Code:  Not specified
Map: 

Description

Job Description:

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:

1) 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 provide unbiased consulting advice to our clients knowing that is fundamental to our ongoing success.

2) All members of this team collaborate on a day-to-day basis. This gives everyone the opportunity to learn from and teach each other. Many of our associates are industry leaders with 20+ years of experience in H&W consulting.

3) We believe it is important for our associates to have client exposure early in their careers, and throughout, to develop effective 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 Role

As a Senior Consulting actuary, you will lead client relationships that provide comprehensive support and innovative solutions. These services can involve a variety of topics including, but not limited to: overall strategy development, plan design, reporting, vendor management and selection, pricing, and employee contribution settings and/or retiree health care solutions. You'll lead H&W Workplace Consulting projects, mentor other associates and promote collaboration. Specific internal and external responsibilities include:

  • Lead the development and presentation of strategic recommendations to clients on an annual basis
  • Build extensive knowledge of the client and their business and find opportunities to expand relationships with additional solutions
  • Provide overall accountability to our clients for our analytical and actuarial deliverables
  • Provide direction, support, and review of health and welfare program renewals/pricing, budgets, IBNP development, and other financial support
  • Play a key role in efforts to expand our H&W client base through participation in RFPs, finalist meetings and the development of new offerings
  • Develop and present webinars, and other marketing efforts, focused on actuarial insights of interest to current and prospective clients
  • Collaborate with other senior leaders in the H&W practice to develop strategies to lead our practice from a people development and client delivery perspective
  • Lead and mentor the team of H&W associates assigned to support your client team
  • Participate in reviewing, developing, and maintaining actuarial tools and standards required to support our clients ongoing H&W needs
  • Interact with our client's Accounting and Finance Teams, as needed, to include meeting with client's outside auditors when requested


The Expertise and Skills You Bring
  • Actuarial credentials
  • Minimum 15+ years proven experience in working with financials and strategic management of health and welfare plans, preferably gained in a benefit consulting or brokerage firm
  • Understanding of complex business issues and challenges facing clients today and demonstrated ability to sell applicable H&W consulting services
  • Drive team to apply all available resources to address client problems
  • Strong client relationship management skills, including excellent communication and responsiveness
  • Ability to independently develop and facilitate strategy discussions; ability to communicate sophisticated financial results to client stakeholders
  • Deep knowledge of health insurance and benefits industry, it's practices and applicable laws/regulations, financial issues, point solutions, traditional carriers partner landscape, PBMs and coalitions, etc.
  • Dedication to team collaboration and coordination, including mentoring junior associates and leading teams to facilitate excellent client service. (Note this role may include managing other associates)


The Team

The Fidelity Workplace Consulting Group is composed of over 500 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. For more information about Fidelity Workplace Consulting please visit this link: https://www.fidelityworkplace.com/s/workplaceconsulting

The base salary range for this position is $124,000-$262,000 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
ref: (2089230)
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