Co-op, Health & Welfare Actuary

Fidelity • Boston, MA

9d • $28 - $42 • Hybrid

About The Position

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 looking for an opportunity to grow their consulting career. Specifically, our team is focused on three key experiences: We are client focused. Our work with clients is oriented around problem solving and not defined by products we can upsell to our client. Simply put we do what is best for our clients with no conflicting interests. All members of our team work with our most senior leaders on a day to day basis. This gives everyone the opportunity to learn from industry leaders with 20+ years of experience in H&W consulting. We think it is important for our associates to have client exposure early in their careers and throughout to develop strong relationship skills. As such, we provide opportunities for all to gain valuable client exposure and assist in the critical process of building client relationships that last.

Requirements

• Mathematics, Actuarial Science or quantitative subject major preferred
• Availability of six months (January 2026 to July 2026)
• 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.
• Entrepreneurial & 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

Nice To Haves

• 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

Responsibilities

• 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

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees