Vice President, Alternative Accounting

Job Description:

The Role

The Vice President, Alternative Accounting is responsible for overseeing all aspects of accounting operations across a wide range of product structures, including, but not limited to, Limited Partnerships, REITs, BDCs, Interval Funds, Digital Assets and Crypto. The role requires expertise related to responsibilities including team leadership, daily deliverable oversite, pivotal initiatives, business performance evaluation, and executive relationship management. You will work with other teams within FFIO as well as across the organization, collaborating with Asset Management, Legal, Risk, and Compliance on product launches, and build processes specific to fund record keeping, investor servicing, tax reporting, and financial reporting. Additionally, you will provide critical alternatives subject matter expertise to drive innovation to ensure the Alternative Accounting Team can support Fidelity’s growing Alternative product offerings.

• 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
• Provides 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
• Ensure that all processes have sufficient Risk and Compliance controls and policies and procedures are communicated and followed.

The Expertise & Skills You Bring

• Bachelor’s degree in finance/accounting or equivalent with 15+ years of experience in financial services with at least 10 of those years spent in Private Equity/Hedge Funds and Alternative Investments or Master’s degree with 10+ years of experience in same.
• Experience with Geneva and Geneva World Investor and proficiency in various PC software applications including Microsoft Excel, Word and PowerPoint preferred.

• Advanced knowledge of the front to back operations of alternatives products with working knowledge of private equity and private debt, digital assets and cryptocurrencies, hedge fund products, BDCs, and REITS
• Excellent organizational skills and attention to detail, with an ability to manage multiple, concurrent high priority assignments and deadlines.
• Advanced understanding of partnership accounting, investor allocations, multi-layered fund structures, and complex investor level management fee and incentive fee calculations
• In-depth knowledge of US GAAP
• Experience supporting portfolio expense caps, recoupments, and revenue share agreements.

• Outstanding analytical skills, project management, and problem-solving capabilities.
• Excellent communication skills with the ability to develop and deliver cogent, informative presentations to all levels of business leadership, including senior executives.
• Presence and judgment to put forward well-reasoned recommendations and engage in dialogue with key decision-makers.

• Experience building and managing a team, sharing knowledge on Alternative products and end to end operations, and the ability to mentor/coach/develop talent in others to their full potential and sustained outstanding performance
• Ability to collaborate and influence others, build and maintain working relationships, and deliver results and/or expertise in a professional manner.

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

The Team

The Alternative Accounting Team is part of 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 FFIO Alternative Accounting Team performs the daily, monthly, and quarterly pricing and bookkeeping for Fidelity’s alternative products, including fund structures with varying complexities with strategies focused on digital assets, distressed debt, direct lending, derivatives, private equity, and real estate.

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Category:

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.

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.