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Senior Consultant, Actuary

Fidelity Investments · Chicago, IL · $110,000–$222,000 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 deliver bad news to a client, like a large contribution increase.

What they are checking: Candor and composure in delivering unwelcome results while keeping the client's trust.

How do you train and develop associates and analysts on your team?

What they are checking: Their leadership in growing staff, which the posting lists as a core responsibility.

Tell me about an RFP response or new business meeting you led. What made it work or not?

What they are checking: Business development experience, which the role expects in addition to technical work.

What would you do

A project is running over budget because the client keeps adding requests. What do you do?

What they are checking: Budget management and setting expectations with clients before overruns become disputes.

How do you explain ASC 715 results to an HR officer who mainly cares about employees?

What they are checking: Ability to bridge accounting results with the people-focused concerns of HR leaders.

About the work

A CFO asks how to reduce pension risk on the balance sheet. What options would you walk them through?

What they are checking: Strategic pension advice, including LDI, lump sum windows, annuity purchases and plan termination tradeoffs.

Walk me through the key steps of leading a plan termination from start to finish.

What they are checking: Project and regulatory command of a complex engagement involving PBGC, IRS and participant communications.

How do you set and defend assumptions for an annual pension valuation?

What they are checking: Professional judgment and the ability to justify assumptions to clients and auditors.

How would a merger affect the pension plans of the two companies involved, and what would you advise?

What they are checking: Depth on M&A implications such as plan mergers, harmonization and funding impacts.

What regulatory changes affecting pension plans have you had to help clients respond to?

What they are checking: Current knowledge of ERISA, PPA and IRS developments, and how they turned them into client action.

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 expert 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 timelines. • Preparing responses to RFPs and RFIs for new prospects and participate in leading 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 preferred • 10+ years of proven expertise 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 shown interpersonal and leadership skills including the ability to build relationships at multiple organizational levels • You have outstanding teamwork skills and strength 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 $110,000-$222,000 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