Job Description:
The Role
The Senior Analyst, Reconciliation Support role will include a combination of research and resolution of our daily exceptions, support of our internal and external business partners, as well as ongoing project support. The ideal candidate is comfortable with change and ambiguity, can work independently and as part of team, is open to new ideas, and thrives in a fast-paced environment. This role will report to the Manager of Reconciliation Services.
Ensure timely reconciliation and exception resolution of complex accounts, securities.
Assist with research, trouble shooting, escalation and resolution for more complex activity, discrepancies, or widespread production issues
Assist associates in prioritizing research, follow-up, and resolution for all reconciliation items
Identify, participate, and encourage the team’s participation in development of cross-divisional business initiatives
Prepare, analyze, and review various daily/ weekly/ monthly/ adhoc oversight reviews and management reports
Assist/provide business requirements for Frontier and/ or other systems improvements
Communication, coordination, and relationship building with onshore and offshore team
Basic knowledge of processes, systems, and tools used by the teams to perform reconciliations (i.e. Frontier)
recognize high risk items and escalate those items or seek assistance to minimize potential loss to either the shareholder and or / Fidelity
The Skills and Experience You Bring
3-5 years of relevant industry experience
Bachelor’s Degree or equivalent experience preferably in either Accounting, Finance or Economics
Expertise of reconciliations and industry regulations
Expertise of cash & securities movement
Expertise of accounting principles
Expertise of the various elements of NAV, Mil or Yield calculation
Strong digital literacy, knowledge of Microsoft Office Products (such as Word or Excel)
Working knowledge of Tableau, RSuite and Microsoft Power BI
Note: Fidelity will not provide immigration sponsorship for this position.
The Team
Fidelity Fund and Investment Operations (FFIO) provides accounting and pricing services to all of the Fidelity Retail and Institutional products, supporting multiple asset managers (i.e. FMR, SAI, GEODE, FIAM, FIJ and FIC). These services include Cash and Positions daily & monthly reconciliation and Audit inquiries from Internal and External teams.
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.
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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Investment OperationsFidelity’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.