Senior Manager, Fund Accounting -Billing and Expense at Fidelity Investments

Westlake, Texas, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

NoVisa

Financial Services, Asset Management, Investment FundsIndustries

Requirements

Background in mutual fund industry, accounting, or finance (required)
Bachelor’s degree (preferred)
Familiarity with Alternative products (preferred)
Experience working in an agile environment (preferred)
Experience with Geneva and Geneva World Investor (preferred)
Knowledge of fund-level back-office operations, including expense caps, recoupments, and revenue share agreements
Passion for process improvement through automation and technology
Collaborative and positive leadership style
Proven management experience
Strong analytical and organizational abilities
Strong written and verbal communication skills
Proficiency in Microsoft Excel

Responsibilities

Lead a team responsible for the accurate setup, calculation, invoicing, and payment of expense accruals and disbursements related to Alternative products
Support other Fidelity Investments products, including approximately 500+ Retail and 2,000 Institutional products
Oversee the calculation of Fidelity’s revenue from Alternative products, ’40 Act Funds, Institutional products, and other registered or non-registered funds on a monthly or periodic basis
Handle client billing for Institutional funds
Ensure all deliverables meet regulatory and internal standards to support financial statement preparation and internal/external audit reviews
Emphasize cross-team collaboration and knowledge sharing across all product lines
Demonstrate operational excellence within an agile operating model
Drive end-to-end improvements through curiosity
Apply passion for problem-solving

Skills

Geneva

Geneva World Investor

Microsoft Excel

Fund Accounting

Billing

Expense Accruals

Invoicing

Financial Statements

Audit Reviews

Agile

Process Automation

Back-Office Operations

Expense Caps

Recoupments

Revenue Share Agreements

Fidelity Investments

Investment management and financial services provider

About Fidelity Investments

Fidelity Investments offers a range of financial services and tools designed to help individuals manage their investments and stay informed about the markets. Their products include mobile applications and market monitoring tools that provide users with real-time market quotes, news, and trading capabilities. For example, the Fidelity Market Monitor for Glass delivers daily market quotes directly to Google Glass, while the Fidelity app for Windows Phone 8 allows users to access news and trading tools on their mobile devices. Additionally, features like the Watch List Visualization for iPad help users track stock price changes over time using a heatmap. What sets Fidelity apart from its competitors is its focus on integrating new technologies and user-friendly interfaces to enhance the investment experience. The goal of Fidelity Investments is to empower individuals with the information and tools they need to make informed financial decisions.

Boston, MassachusettsHeadquarters

1946Year Founded

$120,238.8MTotal Funding

DEBT_FINANCINGCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Mental Health Support

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Parental Leave

Student Loan Assistance

Tuition Reimbursement

Risks

Loss of key personnel like Gita Bal may impact Fidelity's research capabilities.

Increased competition from Vanguard's new division could draw clients away from Fidelity.

Potential reputational risk from Bitcoin ETF outflows could affect Fidelity's offerings.

Differentiation

Fidelity Labs offers innovative beta products like Market Monitor for Google Glass.

Fidelity's mobile solutions are available on multiple platforms, including Windows Phone and iPad.

Fidelity's Open Limit Order Visualization provides unique insights into order execution proximity.

Upsides

Increased adoption of wearable tech could boost Fidelity's mobile solutions.

Growing interest in Bitcoin ETFs suggests expansion in Fidelity's digital asset offerings.

Rise of AI could benefit Fidelity's data analytics and AI-driven investment strategies.

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