Sr. Abandoned Property Analyst at Fidelity Investments

Smithfield, Rhode Island, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Intermediate level of Microsoft Office suite (Excel, PowerPoint, Word) skills required; advanced skills preferred
Attention to detail and accuracy
Basic math skills
Computer proficiency, knowledge of, or ability to learn, internal Fidelity programs (XTRAC, AWD, Service Center Desktop, FBSI, IRF, CDV, etc.)
Knowledge of brokerage/OSG and WI operations is preferred
A bachelor’s degree is required
3-5 years’ work experience in the brokerage, mutual fund or financial services industry is required

Responsibilities

Conduct search efforts for lost customers
Maintain documentation of all search efforts according to standardized procedures
Coordinate the reissue of checks and the transfer of shares based on customer responses
Respond to inquiries received by various state and regulatory agencies and maintain state correspondence database
Reconcile state accounts
Prepare reconciliation spreadsheets for each state
Reconcile state accounts and produce reporting records as necessary for each state
Validate the reconciliation for each state
Communicate with state administrators or their agents to obtain delivery instructions for securities and mutual fund shares
Coordinate delivery of property, in accordance with state instructions, with other Fidelity Business units
Process reclaims for customers who are located after having been reported to a state
Respond to inquiries from customers who were reported in prior years
Work with state unclaimed property departments to facilitate reclaims regarding prior years’ filings
Calculate historical dividend distributions, if applicable
Coordinate account transfers between state accounts and customer accounts upon direction from the state
Respond to state requests and provide information on reported property
Coordinate requests for redemptions and securities deliveries
Work on various technical and non-technical projects such as assist in gathering requirements
Pull ad hoc reports as requested by business partners
Maintain policy and procedures

Skills

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Reconciliation

Financial Reporting

Abandoned Property

State Reporting

Data Validation

Account Management

Regulatory Compliance

Ad Hoc Reporting

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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