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Consultant, Actuary

Fidelity Investments · Chicago, IL · $89,000–$180,000 a year · Full time

Posted Oct 2, 2026 · We last checked this listing on Oct 6, 2026

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Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Tell me about a time you had to set expectations with a client about a deadline you couldn't meet.

What they are checking: Honest communication about timelines and keeping the relationship strong when plans change.

How do you document client work so a colleague could step in if you were out?

What they are checking: Documentation discipline, which the posting specifically asks for on client files.

How do you coach an analyst who keeps making the same type of error?

What they are checking: Development skills that help staff improve rather than just fixing their work.

How would you prepare for a new business meeting with a prospect in the retirement space?

What they are checking: Business development readiness and the ability to show value quickly to prospects.

What would you do

A client wants a plan amendment that may create a compliance issue. What do you do?

What they are checking: Regulatory judgment and the courage to advise against a client's preferred path.

How do you manage a client budget when a valuation takes longer than expected?

What they are checking: Financial management of engagements and early communication about overruns.

About the work

Walk me through how you lead an annual pension valuation and what you check before results go to the client.

What they are checking: Ownership of the valuation process and strong review habits before client delivery.

A CFO asks whether they should freeze their pension plan. How do you help them decide?

What they are checking: Ability to frame cost, risk, employee impact and accounting effects for a strategic decision.

What's the role of the enrolled actuary in certifying a plan's funding status?

What they are checking: Understanding of EA responsibilities and the professional standards that come with them.

How do lump sum windows affect a plan's funding and accounting results?

What they are checking: Practical depth on a common de-risking strategy and its effects on settlements and funding.

Practice this interview out loud.

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The full job description

As published by Fidelity Investments.

Fidelity will not provide immigration sponsorship for this position. Job Description: The Role We are searching for an experienced actuarial consultant interested in building a career in a team centric fast paced consulting environment! • Providing advice to Chief Financial Officers and Human Resource Officers of mid to large size companies regarding their retirement and other benefit programs. • Reviewing and Leading annual pension valuations for clients and other projects such as plan terminations, mergers & acquisitions, compliance, plan amendments and plan designs. • Training associates and analysts to ensure continued development of the staff. • Handling client budgets and setting expectations and client deadlines. Provide comprehensive documentation on your clients. • Preparing responses to RFPs and RFIs for new prospects and participate in new business meetings with prospects as needed. • Collaborating with internal business partners across diverse subject areas to develop and implement effective solutions on behalf of our clients The Expertise and Skills You Bring • A.S.A., E.A. or F.S.A., E.A. credentials • 5-10+ years of experience in a pension and/or benefit consulting firm • You are knowledgeable in benefit program design, legislative, accounting and regulatory requirements (ERISA/PPA/IRS/DOL/PBGC/FAS). • You have proven interpersonal and leadership skills including the ability to build relationships at multiple organizational levels • You have outstanding collaboration skills and demonstrate experience in leading enhanced client relationships • You have strong critical thinking and problem-solving skills • You are a leader with self-motivation and determination to succeed • You have a strong ability to balance and prioritize multiple projects in a fast-paced work environment • You have an ability work within budgeted timeframes to maintain client profitability without sacrificing quality The Team The Fidelity Workplace Consulting Group is made up of over 600 professionals who advise clients on the management of their domestic and global benefits. We are a fast-growing business within Fidelity, offering a broad range of services that span benefits design, strategy, funding, communication, and delivery. Many of our team leaders bring experience from other leading consulting firms. While we primarily serve Fortune 1000 companies, we also work with Fidelity clients of all sizes ranging from Fortune 50 to tax-exempt market to Fortune 2000. For more information about Fidelity Workplace Consulting please visit this link: https://www.fidelityworkplace.com/s/workplaceconsulting. 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. The base salary range for this position is $89,000-$180,000 per year. Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors. Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation. We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted. 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. Certifications: Category: Consulting

Apply at Fidelity Investments