Manager, Fund Pricing

Job Description:

The Role

The Manager, Fund Pricing is responsible for safeguarding the accuracy and integrity of daily net asset values (NAVs) delivered to Fidelity shareholders. This role provides leadership, oversight, and subject‑matter expertise across complex private market valuation activities, ensuring that pricing is timely, supportable, and aligned with regulatory and fiduciary expectations.

You will lead a team responsible for the valuation and pricing of a diverse set of private market investments including private equity, direct lending, real estate, real estate debt, and partnership interests. Success in this role requires strong technical valuation knowledge, deep operational understanding, and the ability to synthesize complex information to make high‑quality valuation decisions.

Key Responsibilities

• Provide strategic leadership across all private asset pricing activities, setting direction and ensuring consistent application of valuation frameworks across asset classes.
• Manage onboarding of new investments and fund launches, partnering closely with internal and external stakeholders to assess risk, establish controls, and implement effective pricing and validation procedures.
• Develop and mentor associates, strengthening their technical skills, critical judgment, and overall professional development through coaching, feedback, and ongoing support.
• Oversee financial reporting deliverables, ensuring all outputs are accurate, complete, and delivered within required timeframes.
• Integrate information from multiple groups, including Fund Accounting, Portfolio Management, Custody Operations, Investment Operations, and market/pricing vendors to support accurate and defendable valuations.
• Evaluate and enhance processes, developing and executing pricing validation techniques while identifying opportunities to streamline workflows and strengthen controls.
• Participate in nightly NAV review rotations, ensuring final NAV dissemination is complete, accurate, and communicated to all stakeholders.
• Exercise sound escalation judgment, identifying issues early, escalating appropriately, and driving to full resolution with no degradation in service quality.

Expertise and Skills You Bring

• Advanced knowledge of valuation methodologies for private market and illiquid investments, including understanding of inputs, model structures, and governance requirements.
• Strong understanding of fund structures and operational mechanics, with the ability to adapt processes across differing vehicle types.
• Proven ability to manage complex, detail‑oriented workflows with precision and consistency.
• Strong interpersonal skills with experience partnering with stakeholders at all organizational levels.
• Bachelor’s degree in Accounting, Finance, or related business field (preferred).
• Five or more years of experience in financial services; prior mutual fund pricing or valuation experience strongly preferred.
• Strong technology proficiency, including Microsoft Office, with Excel/VBA skills considered a plus.
• Excellent written and verbal communication skills, with the ability to translate complex valuation topics into clear, concise messaging.
• Demonstrated leadership capability, including coaching, decision‑making, and influencing skills.
• A proactive, curious mindset with the ability to identify market trends and anticipate valuation implications.

Certifications:

Category:

Investment Operations

Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles. Some roles may have unique onsite requirements. Please consult with your recruiter for the specific expectations for this position.

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.