The Role
The Expense Oversight (EO) team within the Asset Management Treasurer’s Office oversees a variety of activities and information pertaining to the expenses of the products advised by Fidelity. These products include Mutual Funds, ETFs, Institutional Pools, BDCs, Limited Partnerships and 529s invested across the full asset class spectrum (more recently including Alternatives and Crypto). Day-to-day responsibilities for the team include:
Interpretation of expense arrangements
Delivering instructions to operations teams for processing
Reviewing results for accuracy, including accruals, payments, and reporting
Providing subject matter expertise to various stakeholders
Longer term areas of focus include:
Ensuring proper execution of controls
Analysis of risks and controls to ensure proper mitigation over time
Developing solutions as needed for new products or changing business requirements
Partnering with key stakeholders on both tactical and strategic systems enhancements
As a Senior Manager on the EO team, you will be responsible for the oversight of certain expense types, products and/or processes. In doing so you will engage independently in all each the activities listed above, but with the support of a strong EO team. This role involves working with and developing relationships within the Treasurer’s Office, Fidelity Fund and Investment Operations, key business partners within Asset Management, and various businesses across the firm.
This is a demanding role that in turn offers the potential for professional growth through the knowledge and skills that can be gained, and relationships developed.
The Expertise
A minimum of 6 years industry or equivalent experience
A bachelor’s degree in finance/accounting or equivalent
Knowledge of technical accounting standards
Knowledge of operational risk management and internal controls
Advanced, working knowledge of MS Excel
The Skills You Bring
Motivated self-starter with the ability to work independently
Ability to apply sound judgment to spot issues, assess risks, and identify items requiring attention
Unwavering commitment to accuracy, quality, and completion of tasks
Possess excellent organizational, operations, and project/process management skills
Excellent verbal, written and formal presentations communication skills
Possess strong research and analytical skills
Ability to make and effectively communicate decisions
Ability to prioritize multiple tasks/initiatives and handle time-sensitive activities
The Team
The Asset Management Treasurers Office provides fiduciary oversight of Fidelity’s funds, shareholder activity, and service providers. We use industry knowledge, technical experience, and our responsibility as fiduciaries to set and monitor adherence to fund policies, and we support the Funds’ Boards of Trustees in fulfilling their responsibilities to the Fidelity Mutual Funds. In addition to overseeing Fidelity’s existing products, we also actively support Asset Management’s efforts to expand investment capabilities by ensuring appropriate oversight is in place for new products prior to implementation.
Certifications: