Senior Benefits Analyst

1 week ago

New York, New York, United States Fidelity TalentSource LLC Full time



Job Overview:

Position Summary

In the role of Senior Associate, you will play a pivotal part in delivering innovative solutions to Health & Welfare clients. Your expertise will encompass a broad spectrum of services, including but not limited to plan structuring, compliance oversight, reporting services, pricing strategies, and retiree health care options. You will contribute to Health & Welfare Benefits Consulting initiatives, mentor fellow associates, and foster a collaborative team environment.

Qualifications and Skills Required

  • 2-5 years of demonstrated experience in benefits plan design, funding, and/or administration, with a background in consulting, plan sponsorship, or vendor organizations.
  • A bachelor’s degree is mandatory.
  • Proficient in Microsoft Office applications, particularly Excel and Word.
  • Strong analytical and problem-solving capabilities.
  • Proven leadership qualities with a self-driven approach and a commitment to achieving results.
  • Exceptional project management abilities.
  • Capacity to manage and prioritize multiple projects effectively in a dynamic work setting.
  • Experience in overseeing contractual provisions, ensuring scope control, and guiding projects to completion.
  • Proficient in gathering and preparing data essential for analyzing benefit programs, while assisting senior consultants in program evaluations.
  • Responsible for collecting renewals and aiding in the analysis, negotiation, and finalization of these renewals.
  • Maintain organized documentation for client records (e.g., SPDs, contracts, employee communications).
  • Support the development of pricing strategies, budgets, employee contributions, and premium equivalent rates for self-insured plans.
  • Engage in negotiations regarding rates, contractual terms, and performance guarantees with existing benefit vendors.
  • Conduct market analysis, including RFP development, proposal collection, and vendor assessments.
  • Assist in vendor selection processes, establishing performance criteria, and managing both new and existing vendors during implementation.
  • Utilize knowledge of major health plans, administrators, and other market vendors to provide consulting insights to clients and prospects.
  • Maintain comprehensive project plans and status logs, documenting completion timelines and resolutions for issues.
  • Notify lead consultants when project timelines and scopes deviate from initial expectations.
  • Create letters, presentations, proposals, charts, and spreadsheets as needed.
  • Actively participate as a collaborative team member in projects involving other associates across the practice, group, and region.
  • Mentor junior associates whenever possible.
  • Share information openly and proactively, ensuring all relevant details are documented in client files.

The base salary range for this position is $76,000-$144,000 per year. Placement within this range will depend on job responsibilities, geographic location, relevant experience, and other factors.

Compensation includes a comprehensive benefits package designed to support your evolving needs, including health care coverage, emotional well-being support, retirement plans, generous paid time off, parental leave, charitable giving matching programs, and educational assistance for career development.

Company Overview

Fidelity Investments is dedicated to enhancing the financial well-being of our clients. We assist individuals in planning for their future and help organizations deliver benefits to their employees. Additionally, we provide investment and technology solutions to institutions and independent advisors.

Join Our Team

At Fidelity, you will discover numerous opportunities to build a rewarding career that positively impacts lives, including your own. We offer flexible benefits that support you at every career stage, empowering you to thrive both professionally and personally. Recognized as a top workplace, we provide a supportive environment where diverse backgrounds are valued.

Fidelity is an equal opportunity employer, committed to fostering an inclusive culture. We will accommodate applicants with disabilities who require adjustments to participate in the application or interview process.

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