Senior Pension Administrator - Early Career

Location: Durham, NC

Fidelity will not provide immigration sponsorship for this position.

Job Description

The Role

Are you a recent college graduate who enjoys problem solving, working with numbers, and learning how financial systems impact real people? If you’re comfortable with Microsoft Excel and have strong math skills, this role could be a great first step in your career.

In this role, you will be part of a team responsible for the accurate and timely processing of various types of financial calculations to support our Defined Benefit clients. A Defined Benefit (DB) plan, also known as a pension plan, is a retirement plan where an employer promises to pay their employees a set amount after retirement.

You’ll receive structured training on pension concepts, systems, and calculations, with support from experienced team members as you build confidence in the role.

Responsibilities include

Processing various types of calculations, meeting timeliness and accuracy standards while interpreting DB plan rules to ensure compliance with the plan document.

Supporting internal Client Service teams while developing subject matter expertise on assigned clients

Manually calculate and review pension benefits for plan participants

Supporting monthly testing of various systems upgrades and releases

Participate in special departmental projects

Document updates to User Procedure Documentation

The Expertise and Skills You Bring

Bachelor’s Degree - Mathematics, Finance, Business, and Accounting majors are preferred but all are welcome to apply

Strong analytical and intuitive skills

Motivation and commitment to excellence; positive demeanor and 'can do' work ethic

Ability to work as a standout colleague while meeting individual timeliness, accuracy goals and quality standards

Ability to adapt to a constantly evolving environment

Strong interpersonal skills and attention to detail

High integrity and discretion to ensure the confidentiality of private client and participant data

Strong written and verbal communication skills

Ability to coach and instruct others

Strong PC Software skills (i.e. Excel, Outlook, and Word)

The Team

Fidelity has achieved the top position as the largest Defined Benefit (DB) recordkeeper in the US, as measured by total participants under administration.  Fidelity has been a trusted Defined Benefit provider in the industry for over 30 years, demonstrating consistent growth and innovation.

Fidelity's Defined Benefit group services all plan sizes and complexity. We offer an integrated participant experience to help focus on simplification, accuracy, and the highest level of service. This team ensures the highest level of benefit calculation accuracy for the organizations and clients we support.

As you grow within the team, you may have opportunities to mentor and coach others and progress into Lead Pension Administrator or Analyst roles, taking on increased responsibility, client complexity, and leadership opportunities over time

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.

Certifications

Category:Transaction Processing

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.