Senior Manager, Alternative Accounting

Job Description:

The Role

As a Senior Manager within the Alternative Accounting team, you will have leadership responsibilities covering all aspects of accounting operations performed by the team supporting Fidelity’s alternative investment products.  You will oversee a staff of associates performing accounting and pricing functions and act as the primary contact for daily operational needs, while providing leadership and support in collaboration with other associates within the business unit. The role requires expertise related to responsibilities including daily deliverable review and oversite, pivotal initiatives, business performance evaluation, and relationship management.

As a leader of the team, the role provides divisional level support for all aspects of the business including risk management, operational strategy, systems improvement prioritization, communication strategy, customer/vendor/peer relationships, resource alignment, cost control, project management, business continuity and new business opportunities. In addition to operational responsibilities, the Senior Manager is also passionate about mentoring staff and providing career growth opportunities to develop a hardworking and efficient 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.

The Expertise and Skills 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

• 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.

• Flexibility and the skill to both lead and contribute to teams are musts

• Strong communication skills with the ability to develop and deliver cogent, insightful 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

• 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

• Values and rewards contributions, drive, initiative, and achievement of results

• Coordinates and manages departmental workflows

• Evaluates systems, processes, responsibilities, reporting, etc. for continued efficiency and effectiveness

• Coordinates 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 meaningful development plans

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 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.

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