Pension Analyst - Defined Benefit Core Markets

Fidelity; Covington (KY); On-site; USD 85,000 - 120,000; Full time

Job summary

Fidelity Investments is seeking a Pension Analyst for the Defined Benefit Core Markets team in Covington, KY. The role combines deep Defined Benefit knowledge with teamwork and client management to support strategic directions and complex issue resolution.

You will engage with multiple lines of business, lead operational initiatives, and mentor others while driving client service improvements through plan changes and data analysis.

Qualifications

• Bachelor's degree or equivalent work experience.
• 5-7+ years of defined benefit/pension plan administration experience.
• Experience in Project Management and/or Analytics; ability to run queries, analyze data and identify root cause.
• Ability to balance day-to-day management of several project-related responsibilities.
• Demonstrate leadership with self-motivation and mentoring others.
• Strong mathematical and analytical skills including complex manual calculations in Defined Benefit plans.
• Proficient with Excel, Access and data analytics.
• Client Management experience including requirement discovery and solution design.

Responsibilities

• Analyze, lead and drive operational services and efficiencies for clients and bottom line.
• Provide leadership on ad hoc client or internal projects requiring critical thinking and direction.
• Offer guidance on plan documentation discrepancies and guidelines.
• Analyze and guide client teams to resolve escalated issues.
• Serve as day-to-day contact for client and participant issue resolution and data questions.
• Lead client processes, maintain direction documents and coordinate meetings.
• Identify, analyze and implement process changes based on regulatory amendments.
• Participate in implementation, corporate actions and other projects, ensuring defects are tested.

Skills

Defined Benefit knowledge

Pension Administration

Project Management

Analytics

Data analysis

Excel / Data tools

Client Management

Leadership

Education

Bachelor's degree or equivalent

Tools

SQL

Excel

Access

Job description

Pension Analyst - Defined Benefit Core Markets

Location: Covington, KY

Team: Operations

Experience Level: Associate

Onsite

Note: Fidelity is not providing immigration sponsorship for this position.

The Role

In Workplace Investing, the Pension Analyst blends deep Defined Benefit domain expertise with a passion for teamwork, innovation and client management. The Analyst will support the strategic direction of the business, lead highly complex issues to resolution and work with domain professionals to solution client improvements and enhancements through corporate actions & change orders. The Analyst will also engage with other lines of business on projects that affect other Defined Benefit products and services.

The Pension Analyst plays an integral role in operational analytics, workflow, team leadership, and project management for client projects and internal initiatives. They will assist Client Managers and Sr. Leaders with initiatives throughout the year, including but not limited to:

• Analyze, lead and drive operational services and efficiencies to our clients and organization’s bottom line.

• Provide leadership on ad hoc client or internal projects that will require critical thinking and self-direction.

• Provide information and advice on Plan documentation discrepancies and/or guidelines, e.g. data, provisional, or other plan/client issues.

• Analyze, review, and guide client teams to the resolution of escalated client or participant issues.

• Where applicable, serve as the day-to-day contact for issues to clients and participant for problem resolution, transaction issues, and data questions. Facilitate and/or participant in client meetings.

• Serve as a team leader and expert guide on multiple client plan processes, procedures and calculations. Maintain client direction documents.

• Own and analyze operational issues and recommend business solutions, based on knowledge of client’s plan design and system functionality. Work with internal teams to identify, analyze, and implement process and procedural changes based on new regulatory amendments and/or administrative improvements.

• Play a significant role in implementation, corporate actions and/or other special projects in addition to the provision of ongoing services. Ensure defects are identified, corrected and tested.

The Expertise and Skills You Bring

• Bachelor Degree or equivalent work experience.

• 5-7+ years of defined benefit/pension plan administration experience.

• Experience in Project Management and/or Analytics. Ability to run queries, analyze and organize large amounts of data and identify root cause and work towards solutions.

• Ability to balance day-to-day management of several project related responsibilities and tasks including highly prioritized requests.

• Demonstrate leadership ability with self-motivation and determination and ability to coach and mentor others.

• Strong mathematical and analytical skills including ability to perform complex manual calculations within Defined Benefit Plan structures.

• Proficient with Microsoft Excel, Access and working experience with data analytics.

• Client Management experience including requirement discovery and solution design.

The Team

This role will reside within Workplace Investing Defined Benefit Operations organization. You will be responsible for handling and overseeing the day-to-day delivery of Defined Benefit client servicing, business reporting, contractual obligations, and internal scale & efficiency initiatives. You will support DB’s interests in collaborating with the cross product/functional SME’s, Center of Excellence and other lines of business. You will work to solve problems and be empowered to make decisions based on trends, issues, and business drivers.

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.

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.

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 experience.

Reasonable accommodations

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation contact the HR Accommodation Team by sending an email to [e-mail], or by calling 800-835-5099, prompt 2, option 3.

Equal opportunity employer

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop, and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Applicant screening

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

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Benefits that balance life and work

From our fully paid parent leave to our on-site health and wellness centers, our benefits support the belief that more balance you have, the better you can achieve your goals.

Benefits