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Senior Associate, Actuary - 1900136

Company: FIDELITY INVESTMENTS
Location: Boston, MA
Posted on: January 11, 2019

Job Description:

Serves as a member of Fidelity’s Professional Services Group, which is

part of the Health and Welfare team within Benefits Consulting.

Primary Responsibilities:

• Collects and prepares data necessary to analyze benefit programs

and provides assistance to more senior consultants in analysis of

benefit programs.

• Collects renewals and assists in the analysis, negotiations, and

finalization of renewals.

• Maintains client documentation, including SPDs, contracts, and

employee communication.

• Assists in the development of health and welfare program

pricing, budgets, employee contributions, and premium equivalent rates

for self-insured plans.

• Assists in the negotiation of rates, contractual provisions, and

performance guarantees with current benefit vendors.

• Performs marketing analysis including RFP creation, proposal

collection, and vendor comparisons.

• Assists with vendor selection, performance criteria, pricing

negotiations, contractual provisions, and performance guarantees.

• Assists with the management of new and existing vendors during

the implementation process.

• Maintains knowledge regarding the major health plans,

administrators, and other vendors in the marketplace in order to consult

with clients and prospects.

• Maintains project plans and status logs with completion times

and issue resolutions/decisions.

• Escalates issues with project timing and scope.

• Creates letters, presentations, proposals, charts, and

spreadsheets for management.

Education and Experience:

Bachelor’s degree (or foreign education equivalent) in Statistics,

Mathematics, Economics, Mathematical Decision Sciences, Actuarial

Science, Actuarial Mathematics, or a closely related field and three (3)

years of experience in the job offered or three (3) years of experience

performing actuarial consulting within a corporate healthcare or

healthcare consulting environment.

Or, alternatively, a Master’s degree (or foreign education equivalent)

in Statistics, Mathematics, Economics, Mathematical Decision Sciences,

Actuarial Science, Actuarial Mathematics, or a closely related field and

one (1) year of experience in the job offered or one (1) year of

experience performing actuarial consulting within a corporate healthcare

or healthcare consulting environment.

Skills and Knowledge:

Candidate must also possess:

• Demonstrated Expertise (“DE”) in financial modeling of employer

group health plans, including rate setting, contribution and plan design

modeling, and trends analysis and forecasting, using Excel and VBA.

• DE performing actuarial analysis -- quantitative analysis of

financial, utilization, and cost data -- of health and welfare plans.

• DE performing claims utilization liability analysis, including

applying multiple reserving procedures and methods and IBNR.

• DE evaluating and ranking financial, network, benefit,

performance and member experience, and components of Private Exchanges,

Active Medical, and Medicare plans through the RFP and RFI processes.

To apply, visit https://fidelity.com/jobs and search job code 1900136.

Keywords: FIDELITY INVESTMENTS, Brookline , Senior Associate, Actuary - 1900136, Finance , Boston, MA, Massachusetts


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