Job Description:

In Workplace Consulting, the Senior Retirement Analyst is responsible for the administration of defined benefit (DB) retirement plans on behalf of our clients and their participants. Our talented 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!

This role is responsible for

• Managing pension administration services for a designated group of clients
• Analyzing, performing, and reviewing non-automated complex calculations manually; including payment directives sent to the disbursement agent
• Completing client requests, responding to participant inquiries, and analyzing/solving data and other complex issues
• Participating in special projects (e.g., new client implementation, divestitures, mergers, corporate actions, etc.) related to DB administration services
• Providing a full range of administrative and operational support services to a variety of clients and plan participants in a fast-paced environment
• 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, plan administration manuals, and other documentation
• Coaching and mentoring junior staff

The Expertise and Skills You Bring

• 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
• Aptitude to work within budgeted timeframes to maintain client profitability without sacrificing quality
• Experience working with pension plan documents, plan administration manuals, calculation rules/procedures, and other formal documentation
• Ability to follow existing procedures, but have the continuous improvement mindset 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 (including data, calculations, forms & letters, disbursements, etc.)
• Experience working with pension disbursements – this includes initial pension payment set-ups, changes, stops, death processing, and reconciliations

The Team

This role will reside within Workplace Consulting’s Center of Excellence (COE) organization. You will be responsible for managing all aspects of the day-to-day delivery of Defined Benefit client servicing, business reporting, contractual obligations, and 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 solve problems and be empowered to make decisions based on trends, issues, and business drivers.

The base salary range for this position is $76,000-$144,000 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.

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.

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.

Certifications: