Fidelity Investments

Defined Benefit Business Analyst

Fidelity Investments
Jersey City, NJ, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

At Fidelity Investments, we believe in empowering our clients to make informed financial decisions and achieve their retirement goals. As a Defined Benefit Business Analyst, you will play a critical role in this mission by analyzing and evaluating defined benefit retirement plans and providing strategic recommendations to our clients. We are looking for a highly skilled and motivated individual with a deep understanding of defined benefit plans and a passion for helping others secure their financial future. If you are a detail-oriented problem solver with strong analytical skills and a client-focused mindset, we invite you to join our team and make a meaningful impact in the lives of our clients every day.

  1. Analyze and evaluate defined benefit retirement plans for clients.
  2. Provide strategic recommendations to clients based on analysis.
  3. Serve as a subject matter expert on defined benefit plans.
  4. Conduct thorough research and stay up-to-date on industry trends and regulations.
  5. Collaborate with cross-functional teams to ensure accuracy and consistency in recommendations.
  6. Identify areas for improvement and make recommendations for process enhancements.
  7. Develop and maintain strong relationships with clients and act as a trusted advisor.
  8. Communicate complex information and data in a clear and concise manner to clients.
  9. Conduct presentations and trainings for clients on defined benefit plans.
  10. Ensure timely and accurate delivery of services to clients.
  11. Collaborate with internal teams to develop new products and services for defined benefit plans.
  12. Stay updated on changing market conditions and adjust recommendations accordingly.
  13. Uphold company values and maintain a client-focused mindset in all interactions.
  14. Adhere to company policies and procedures.
  15. Continuously improve processes and procedures to increase efficiency and effectiveness.
Where is this job?
This job is located at Jersey City, NJ, USA
Job Qualifications

  • Strong Understanding Of Defined Benefit Plans: The Ideal Candidate For This Role Should Have A Deep Understanding Of Defined Benefit Plans, Including Their Design, Administration, And Regulatory Requirements.

  • Experience With Pension Administration Systems: Fidelity Investments Utilizes Various Pension Administration Systems, Such As V3 And Aon Hewitt, So The Candidate Should Have Experience Working With These Systems Or Similar Ones.

  • Analytical And Problem-Solving Skills: As A Business Analyst, The Candidate Should Possess Strong Analytical And Problem-Solving Skills To Identify And Resolve Complex Issues Related To Defined Benefit Plans.

  • Familiarity With Industry Regulations: Knowledge Of Industry Regulations, Such As Erisa And Pbgc, Is Crucial In This Role To Ensure Compliance And Mitigate Risk For Fidelity Investments And Its Clients.

  • Communication And Collaboration Skills: This Position Requires Frequent Interaction With Various Teams, Including Actuaries, Developers, And Project Managers. The Candidate Should Have Excellent Communication And Collaboration Skills To Effectively Work With Cross-Functional Teams And Stakeholders.

Required Skills

  • Financial Reporting

  • Process Improvement

  • Project Management

  • Data Analysis

  • Risk assessment

  • Retirement planning

  • Compliance monitoring

  • Requirement Gathering

  • System

  • Stakeholder Communication

  • Benefit Calculations

  • Pension Analysis

Soft Skills

  • Communication

  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • Interpersonal Skills

  • creativity

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Defined Benefit Business Analyst in Jersey City, NJ, USA is between $80,000 to $120,000 per year. This salary range can vary depending on factors such as the company, experience level, and specific job responsibilities. Some employers may also offer additional benefits and bonuses.

Additional Information
Fidelity Investments is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedJanuary 30th, 2024
Apply BeforeMay 22nd, 2025
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About Fidelity Investments

Fidelity Investments Inc., commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts.

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