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Benefits Consultant, Health & Welfare Consulting

Yesterday Boston, MA

Job Description:

The Role

As an employee benefits Consultant focused on Health & Welfare Consulting, you will manage projects and client relationships spanning a variety of topics including, but not limited to plan design, compliance and reporting services, health plan underwriting and employee contribution setting, health and well-being management, and retiree health care solutions. You'll lead consulting projects, mentor other associates, and promote teamwork. Important skills for this role include:

  • Analyzing and presenting data vital to client benefit programs
  • Managing benefit plan renewal processes, including project management, vendor coordination, qualitative and quantitative analysis, negotiations, and documentation of results
  • Developing H&W program pricing, budgets, forecasting, employee contributions and premium equivalent rates for self-insured benefit plans (adhering to actuarial standards of practices)
  • Assisting in development of long- and short-term employee benefits strategy
  • Negotiation of rates, contractual provisions, and performance guarantees with current benefit vendors
  • Manage marketing analysis including RFP creation, proposal collection, and vendor comparisons
  • Monitoring the market to remain current regarding the major health plans, administrators, and other vendors available in the marketplace to consulting clients and prospects, as well as new, innovative solutions
  • Working as a cooperative, proactive team member in projects involving other associates throughout the practice, group, and region to deliver coordinated client results
  • Mentoring less-experienced associates at every opportunity
  • Sharing information freely and pro-actively. Keep other associates advised of current information, and ensure all relevant information is captured in client documents

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The Expertise and Skills You Bring

  • 5-10 years' experience working with H&W plan financials, preferably at a benefit consulting/brokerage firm or through a health underwriting/actuarial function at an insurance company
  • Actuarial exam completion and/or accreditation preferred
  • Advanced knowledge of health insurance industry and employee benefits strategy
  • Experience with self-insured medical underwriting is required
  • Strong Microsoft Office skills in Excel, Word, and PowerPoint

A successful Consultant will also have the following qualities:

  • Entrepreneurial & Creative: Approaches problems with curiosity and creativity, always looking for innovative solutions and new ways to add value.
  • Collaborative Team Player: Works well across teams, valuing diverse perspectives and fostering a culture of trust and shared success.
  • Resourceful & Organized: Adept at juggling multiple priorities while keeping the team focused and organized.
  • Proactive & Curious: Takes initiative, ask thoughtful questions, and actively seek out learning opportunities to grow both personally and professionally.
  • Comfortable Navigating Ambiguity: Excels in environments where the path isn't always clear, using strategic thinking to navigate uncertainty.
  • Strong Communicator: Brings clarity and confidence to both written and verbal communication.

The Team

Our health and welfare consulting team at Fidelity provides a unique experience for candidates looking to grow their consulting career. Our value proposition to associates is centered on three important qualities:

1. We faithfully serve our clients' needs. Our work is oriented toward problem solving and we always do what is best for our clients.

2. We offer a fast-paced work environment and flat working teams. You will work with our most senior leaders on a daily basis. You will learn from industry leaders with 20+ years of industry experience.

3. Meaningful client exposure. We believe it is important for our associates to start working directly with our clients early in their Fidelity careers to develop strong relationships. As such, we provide opportunities for all consultants to gain valuable client exposure and help us build lasting client relationships.

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. For more information about Fidelity Workplace Consulting please visit this link: https://www.fidelityworkplace.com/s/workplaceconsulting
The base salary range for this position is $89,000-$150,000 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:

Category:

Consulting

Client-provided location(s): Boston, MA, San Francisco, CA, New York, NY, Chicago, IL, Westlake, TX, Covington, KY, Greenwood Village, CO
Job ID: Fidelity-2100016
Employment Type: OTHER
Posted: 2025-08-21T23:44:54

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • HSA With Employer Contribution
    • Fitness Subsidies
    • On-Site Gym
    • Pet Insurance
    • Mental Health Benefits
    • Virtual Fitness Classes
  • Parental Benefits

    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Adoption Leave
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • Snacks
    • Company Outings
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Leave of Absence
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Company Equity
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
    • Profit Sharing
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Shadowing Opportunities
    • Access to Online Courses
    • Lunch and Learns
    • Internship Program
    • Work Visa Sponsorship
    • Leadership Training Program
    • Associate or Rotational Training Program
  • Diversity and Inclusion

    Company Videos

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