Co-op, H&W Actuarial

 Actuarial Health and Welfare Co-op Fidelity Workplace Consulting 

Are you a passionate and self-motivated person who would thrive in a collaborative competitive environment? If so, come build your career with us! 

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

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

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. 

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. 

​​The Expertise We’re Looking For  

• ​Mathematics, Actuarial Science or quantitative subject major preferred 

• ​Having passed a Society of Actuaries exam strongly preferred 

• ​Courses in business, accounting, finance, U.S healthcare, or economics a plus 

• ​Prior internship a plus 

• ​Availability of six months (January 2026 to July 2026)​ 

​​The Purpose of Your Role 

​The Actuarial Co-op will work with teammates to provide actuarial services and consulting advice to clients regarding their benefit programs with an emphasis on health and welfare plans. We will work with you to develop your financial, business and consultative skills. Career path for candidates aims at becoming a consulting actuary working directly with and advising mid to large-size companies regarding their employee benefit programs​ 

​The Skills You Bring 

​Bring a unique blend of resilience, initiative, and strategic thinking that enables you to thrive in fast-paced, ambiguous environments. A self-starter who takes ownership of challenges and opportunities alike, with a strong bias toward action and continuous improvement. 

• ​Creative: Approach problems with curiosity and creativity, always looking for innovative solutions and new ways to add value. 

• ​Collaborative Team Player: Work well across teams, valuing diverse perspectives and fostering a culture of trust and shared success. 

• ​Resourceful & Organized: Adept at juggling multiple priorities—while staying focused and organized. 

• ​Proactive & Curious: Take initiative, ask thoughtful questions, and actively seek out learning opportunities to grow both personally and professionally. 

• ​Comfortable with Ambiguity: Excel in environments where the path isn’t always clear, using strategic thinking and adaptability to navigate uncertainty. 

• ​Strong Communicator: Bring clarity and confidence to both written and verbal communication, ensuring alignment and momentum across stakeholders. 

• ​Leadership-Oriented: Held leadership roles that required vision, accountability, and the ability to inspire and mobilize others toward a common goal. 

• ​Your commitment to learning and the actuarial profession ​ 

The Value You Deliver 

• Collecting and preparing data necessary to analyze benefit programs 

• Maintaining organized storage of client documentation (e.g., Summary Plan Documents (SPDs), contracts, employee communication) 

• Assisting in the development of health and welfare program pricing, reserving, budgets, financial dashboard reporting, employee contributions and premium equivalent rates for self-funded plans 

• Assisting in the negotiation of rates, contractual provisions and performance guarantees with current benefit vendors 

• Performing marketing analysis including RFP creation, proposal collection, and vendor comparisons; Assisting with vendor selection, performance criteria, pricing negotiations and contractual provisions 

​​How Your Work Impacts the Organization​ 

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. While we focus on working with the Fortune 1,000, we work with Fidelity clients of all sizes. For more information about Fidelity Workplace Consulting please visit this link: https://www.fidelityworkplace.com/s/workplaceconsulting 

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. 

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 experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to complete the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.