Alternative Accounting Manager

Job Description:

The Role

As an Alternative Accounting Team Manager, you will have oversight responsibilities covering all aspects of accounting operations performed by the team supporting Fidelity’s Alternative investment products. You will work closely with a team of associates performing accounting functions and act as the primary contact for daily operational needs, while providing direction, leadership, and support in collaboration with other associates within the business unit. The role requires expertise related to daily deliverable review and oversite, pivotal initiatives, business performance evaluation, and relationship management. This new team within Fidelity, requires that you are hands on in the operations, supporting sophisticated alternative funds and helping to build out processes and procedures.

In addition to operational responsibilities, the Manager is also passionate about mentoring the staff to aid in the development and growth of the team.

You will collaborate with other teams within FFIO and business associates across the firm and will interact with senior members of FFIO’s organizations with a high degree of autonomy.

• Provide guidance with product development, implementation, and ongoing accounting operations of various alternative products including open and close ended partnerships in standalone and master feeder structures
• Perform detailed review of activity within the portfolios including but not limited to valuation, investor allocations, complex expense calculations
• Assist with internal and external auditor, risk, and compliance inquiries
• Provide feedback, direction, assists in development of and ensures proper cross-training of analysts within team
• Support the implementation of operations processes and procedures for new products
• Value and reward contributions, drive, initiative, and achievement of results
• Coordinate and lead departmental workflows
• Evaluate systems, processes, responsibilities, reporting, etc. for continued efficiency and effectiveness
• Coordinate testing of new technology prior to roll out into production and reports results to peers and managers
• Provide functional area expertise, oversight, problem resolution, training, analysis, and reporting as required across a variety of group responsibilities
• Accountable for ensuring requests are processed within stated service level agreements and adhere to Fidelity and regulatory guidelines
• Ensure that all processes have sufficient Risk and Compliance controls and policies and procedures are communicated and followed.
• Evaluate the department’s functions and responsibilities, confirm they are addressed timely, and any areas of risk are identified and mitigated.
• Collaborate with management to make effective use of available resources across groups and recommend changes to systems, processes, and responsibilities as needed
• Coordinate team wide initiatives and communicate plans to key stakeholders
• Work with associates to build relevant development plans

The Expertise & Skill You Bring

• Bachelor’s degree in finance/accounting or equivalent with 6+ years of experience or Master’s degree with 4 + years of experience
• Experience with Geneva and Geneva World Investor preferred
• Prior experience in daily operations supporting digital assets and/or derivatives is helpful, but not required.
• Strong understanding of the finance industry, partnership accounting and back-office operations for alternative products, including private equity, hedge fund and digital asset products
• Outstanding analytical, communication, conceptual thinking, project management, and problem-solving capabilities.
• Ability to both lead and contribute to teams
• Strong communication skills with the ability to develop and deliver cogent, informative presentations to all levels of finance and business leadership
• Presence and judgment to put forward well-reasoned recommendations and engage in dialogue with key decision-makers
• Understanding of financial and accounting principles and how to apply them in business

Note: Fidelity will not provide immigration sponsorship for this position.

The Team

The Alternative Accounting Team is a unit within the Fund Operations division within Fidelity's Fund and Investment Operations (FFIO) business unit. The Fund Operations division provides back office operational support to Fidelity Retail and Institutional products, including books and records maintenance, securities' pricing, fund and security level performance analysis, financial reporting, and tax work. The Alternative Accounting Team provides operational support for, as well as performs the daily, monthly and quarterly pricing and bookkeeping for Fidelity’s alternative and digital products.

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, best-in-class 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.

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.

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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.