Job Description: 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, 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 risk mitigation
- 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 Alternatives Team, you will be responsible for the oversight of certain expense types, products and/or processes within our alternatives product lines. In doing so you will engage independently in each the activities listed above, but with the support of a strong Expense Oversight 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 and Skills You Bring - A minimum of 6 years industry or equivalent experience
- A bachelor's degree in finance/accounting or equivalent
- Experience with alternatives products - private equity, private credit, real assets, liquid alts, crypto
- Experience in applying technical accounting standards
- Experience with operational risk management and internal controls
- Advanced, working knowledge of MS Excel and PowerPoint
- Motivated self-starter with the ability to work independently
- Apply sound judgment to spot issues, assess risks, and identify items requiring attention
- Make and effectively communicate decisions
- Summarize and present sophisticated findings in a clear, organized, and concise manner
- Possess excellent organizational, operations, and project/process management skills
- Prioritize multiple tasks/initiatives and handle time-sensitive activities
- Unwavering commitment to accuracy, quality, and completion of tasks
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.
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. This does not apply to roles listed as Remote or Onsite.
Company Overview At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to complete the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to
Note: Fidelity is not providing immigration sponsorship for this position.
Certifications: Category: Investment Operations
Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.
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.
