Benefits Senior Associate, Health & Welfare Consulting

About the role

The Role As a Senior Associate within our Health & Welfare Consulting practice, you will play a key role in delivering strategic and analytical support to clients across a broad range of employee benefits initiatives. You will help develop and implement solutions that enhance benefit programs while supporting clients' workforce and business objectives.

Responsibilities

• Collect, organize, validate, and analyze data to inform client recommendations, support project deliverables, and enable strategic decision making.
• Support the annual renewal process, including data gathering, financial analysis, carrier negotiations, and final recommendations.
• Aid in the development of health and welfare program budgets, contribution strategies, premium equivalent rates, and other financial projections for self-funded plans.
• Assist in the development of vendor management activities, including RFP development, proposal evaluation, vendor comparisons, implementation support, and performance monitoring.
• Apply knowledge of the health and welfare marketplace, including health plans, administrators, and specialty vendors, to support client recommendations and business development efforts.
• Build and maintain strong working relationships with colleagues, clients, vendor partners, and internal stakeholders.
• Maintain organized and accurate client documentation, including contracts, SPDs, employee communications, project plans, and meeting records.
• Own project tracking and documentation, including status updates, timelines, key decisions, and issue resolution.
• Proactively communicate risks, scope changes, resource constraints, or timeline concerns to project leaders.
• Prepare client deliverables, including presentations, reports, proposals, financial models, spreadsheets, and employee communication materials.
• Collaborate effectively with colleagues across the practice, region, and broader organization to deliver integrated client solutions.
• Mentor and support the development of junior associates through coaching, knowledge sharing, and collaborative project work.
• Foster a culture of transparency, teamwork, and continuous improvement by sharing information, seeking feedback, and contributing to team best practices.
• Continuously expand technical expertise and industry knowledge through professional development, training, and active participation in client engagements.

Requirements

• 2-5 years of experience in benefit plan design and funding.
• Background may encompass either consulting, plan sponsors or vendor organizations.
• Bachelor’s degree is required.
• Strong Microsoft Office PC skills in Excel, Word, and PowerPoint.
• Actuarial exam completion and/or accreditation preferred.
• Experience with self-insured medical underwriting is required.

Qualifications

• Intellectual curiosity, attention to detail, and the ability to build effective relationships with clients, colleagues, and vendor partners.

Skills

• Strong analytical, problem-solving, and project management skills.

Benefits

• Comprehensive health care coverage and emotional well-being support.
• Market-leading retirement.
• Generous paid time off and parental leave.
• Charitable giving employee match program.
• Student loan repayment, tuition reimbursement, and learning resources to develop your career.

Pay

The base salary range for this position is $80,000-$153,000 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.

Schedule

Fidelity’s Onsite Working Model Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.