Job Description:

Role

Within Workplace Consulting’s Center of Excellence (COE) organization, the Historical Calc Team Senior Retirement Analyst is responsible for the administration of defined benefit (DB) retirement plans on behalf of our clients and their participants. Our versatile team of professionals is looking for someone who enjoys a fast-paced environment and can provide both high-quality work and an extraordinary customer experience!

The Expertise and Skills You Bring

• Analyzing, performing, and reviewing non-automated complex calculations manually (e.g., determination of historical service values, calculation of historical accrued benefits, etc.)

• Completing client requests, preparing calculation summaries and explanations to respond to participant inquiries, and analyzing/solving data and other sophisticated issues

• Participating in special projects (e.g., new client implementation, divestitures, mergers, corporate actions, etc.) related to DB administration services

• Providing ad hoc manual calculation support for a variety of clients and plan participants

• Performing the final quality review of work completed by other team members to ensure the finished product is accurate and of the highest quality

• Reading and interpreting client plan documents, sample calculations, SPDs, plan provisions, and other documentation

• Coaching and mentoring junior staff

• Bachelor’s Degree or equivalent work experience

• 10 years of defined benefit experience working for a benefits consulting firm or plan sponsor

• Excellent mathematical and analytical skills

• Leadership, mentoring, and coaching ability

• Exemplary critical thinking and problem-solving skills

• Leadership with self-motivation and determination to succeed

• Keen written and verbal communications skills

• Ability to balance and prioritize multiple projects in a fast-paced work environment while meeting standards outlined in the applicable client service level agreement

• Ability to work within budgeted timeframes to maintain client profitability without sacrificing quality

• Experience working with pension plan documents, calculation rules/procedures, and other formal documentation

• Ability to follow existing procedures, but have the continuous improvement mentality to evolve/advance to improve the process

• Technically inclined with Microsoft Excel and Word applications

• Experience working directly with, or personally programming, DB calculation algorithms in Excel or other pension administration software applications

• Ability to query, modify, set-up, and review test cases used to test pension administration systems

• Leading the discovery and learning of the mechanics of how a client’s DB Plan operates

• Experience actively capturing information from clients and third parties, framing questions, and covering all possible scenarios under the DB Plans

The Team

This role will reside within Workplace Consulting’s Center of Excellence (COE) organization on the Historical Calc Team. You will be responsible for managing the manual and non-automated calculations for multiple Defined Benefit clients, business reporting, adhering to contractual obligations, and facilitating internal scale & efficiency initiatives for your assigned clients. You also will be responsible for many aspects of peer review and final approval. You will support the COE’s interests in collaborating with the cross product/functional subject matter experts, and other lines of business. You will work to tackle problems and be empowered to make decisions based on trends, issues, and business drivers.

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 working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).

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.