What are the responsibilities and job description for the Director, Plan Consultant position at Fidelity Investments Institutional Operations Company LLC?
Job Description: The Role As a Director, Plan Consultant (PC), we draft and amend Fidelity’s Pre-Approved Plan Document. We interpret plan provisions from outside plan documents and recognize potential issues in document and operational integrity. We also execute the contract (Service Agreement) between the client and Fidelity. During this process, the PC may need to negotiate the contract language. Analyze plan documents to determine compatibility with Fidelity's Pre-Approved Plan Document, identifying IRC Section 411(d)(6) protected benefits, and ensuring that plan documents have been timely amended and updated for required law and regulation changes. Review plan provisions as well as Fidelity services with employers (and consultants or attorneys, if they have one) to facilitate the selection of plan features. Successfully complete the drafting, negotiation, and execution of agreements for Fidelity’s Workplace Investing business with minimal direction, while serving as the face of Fidelity and providing one of the first customer experiences for new clients. Use your analytic and creativity skills to find compromise in negotiations that meets the clients’ needs while still protecting Fidelity. Provide leadership in the deals you negotiate and serve as a subject matter expert for contractual issues and questions from business partners. Communicate within the department and to appropriate business partners project progress, issues, and accomplishments. Demonstrate subject matter expertise regarding Fidelity’s Pre-Approved plan documents. Sign documents on behalf of FMTC and Fidelity Workplace Services. Lead and influence process improvement and companywide initiatives. The Expertise and Skills You Bring Previous Defined Contribution retirement plan experience preferred. Strong understanding of ERISA and regulatory issues especially related to 401(k)/403(b) plans. College Degree or equivalent experience preferred. JD, CPA, CEBS, ERPA or ASPPA designation(s), a plus. Strong contract negotiation skills: ability to articulate a point of view in a compelling & succinct manner Excellent written and verbal communication skills Application knowledge: Microsoft Office, Zoom, Microsoft Teams, Salesforce, Plan Central, XTRAC Ability to balance multiple projects at one time, applying accurate time management skills and using good judgment to determine the order of task completion Demonstrated problem solving and client management abilities Possess the ability to apply learning and comprehend and explain technical concepts The Team We are part of the Workplace Investing Implementation group. We work on conversions and corporate actions for plans in all market segments using the Fidelity Pre-Approved Plan Document. We work directly with employers, consultants, advisors, attorneys, and internal business partners. Our success mitigates risk for the client and Fidelity. Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite. Note: If you are a FINRA registered internal employee who is considering moving to a non-licensed role, you may want to proactively have a conversation with the hiring manger to understand the potential impact to your registrations before a final hiring decision is made. Certifications: Category: Compliance Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office. At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation please contact the following: For roles based in the US: Contact the HR Leave of Absence/Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 2 For roles based in Ireland: Contact AccommodationsIreland@fmr.com For roles based in Germany: Contact Accommodationsgermany@fmr.com Fidelity Privacy Policy
