Job Description:

Actuarial Health and Welfare Co-op Fidelity Workplace Consulting

Are you a passionate and self-motivated person who would thrive in a collaborative competitive environment? If so, come build your career with us!

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 focused on three key experiences:

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 do what is best for our clients with no conflicting interests. All members of our team work with our most senior leaders on a day to day basis. This gives everyone the opportunity to learn from industry leaders with 20+ years of experience in H&W consulting. We think it is important for our associates to have client exposure early in their careers and throughout to develop strong 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 Expertise We're Looking For

• Mathematics, Actuarial Science or quantitative subject major preferred
• Having passed a Society of Actuaries exam strongly preferred
• Courses in business, accounting, finance, U.S healthcare, or economics a plus
• Prior internship a plus
• Availability of six months (January 2026 to July 2026)

The Purpose of Your Role

The Actuarial Co-op will work with teammates to provide actuarial services and consulting advice to clients regarding their benefit programs with an emphasis in health and welfare plans. We will work with you to develop your financial, business and consultative skills. Career path for candidates aims at becoming a consulting actuary working directly with and advising chief financial officers and human resource officers of mid to large size companies regarding their employee benefit programs

The Skills You Bring

Bring a unique blend of resilience, initiative, and strategic thinking that enables you to thrive in fast-paced, ambiguous environments. A self-starter who takes ownership of challenges and opportunities alike, with a strong bias toward action and continuous improvement.

• Entrepreneurial & Creative: Approach problems with curiosity and creativity, always looking for innovative solutions and new ways to add value.
• Collaborative Team Player: Work well across teams, valuing diverse perspectives and fostering a culture of trust and shared success.
• Resourceful & Organized: Adept at juggling multiple priorities-while staying focused and organized.
• Proactive & Curious: Take initiative, ask thoughtful questions, and actively seek out learning opportunities to grow both personally and professionally.
• Comfortable with Ambiguity: Excel in environments where the path isn't always clear, using strategic thinking and adaptability to navigate uncertainty.
• Strong Communicator: Bring clarity and confidence to both written and verbal communication, ensuring alignment and momentum across stakeholders.
• Leadership-Oriented: Held leadership roles that required vision, accountability, and the ability to inspire and mobilize others toward a common goal.
• Your commitment to learning and the actuarial profession

The Value You Deliver
• Collecting and preparing data necessary to analyze benefit programs
• Maintaining organized storage of client documentation (e.g., Summary Plan Documents (SPDs), contracts, employee communication)
• Assisting in the development of health and welfare program pricing, reserving, budgets, financial dashboard reporting, employee contributions and premium equivalent rates for self-funded plans
• Assisting in the negotiation of rates, contractual provisions and performance guarantees with current benefit vendors
• Performing marketing analysis including RFP creation, proposal collection, and vendor comparisons; Assisting with vendor selection, performance criteria, pricing negotiations and contractual provisions

How Your Work Impacts the Organization

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. While we focus on working with the Fortune 1,000, we work with Fidelity clients of all sizes. For more information about Fidelity Workplace Consulting please visit this link: https://www.fidelityworkplace.com/s/workplaceconsulting

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 every other week (all business days, M-F) in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

Company Overview

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 complete 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.

Certifications:

Category:

Administration

Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.

Please be advised that Fidelity's 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.