Senior Accounting Director
3 weeks ago
The Role
This position is a member of the FFIO Alternative Accounting Team and is responsible for overseeing all aspects of accounting operations across a wide range of product structures, including Limited Partnerships, REITs, BDCs, Interval Funds, and Crypto. The role requires expertise related to daily deliverable oversight, pivotal initiatives, business performance evaluation, and executive relationship management. You will work with other teams within FFIO as well as across the organization, collaborating with Asset Management, Legal, Risk, and Compliance on product launches, and build processes specific to fund record keeping, investor servicing, tax reporting, and financial reporting. Additionally, you will help to drive innovation to ensure the Alternative Accounting Team can support Fidelity's growing Alternative product offerings.
The Expertise and Skills You Have:
• Bachelor's degree in finance/accounting or equivalent with 10+ years of experience in financial services with at least 3-5 of those years spent in Private Equity/Hedge Funds and Alternative Investments or Master's degree with 8+ years of experience in same.
• Strong understanding of the alternative fund industry, including private equity and hedge fund products, including BDCs, REITs.
• Experience with multi-layered fund structures as well as working knowledge of derivatives and direct debt, a plus.
• Strong understanding of partnership accounting, investor allocations, and complex investor level management fee and incentive fee calculations.
• Experience supporting fund level back-office operations as well as portfolio expense caps, recoupments, and revenue share agreements.
• Experience with Geneva and Geneva World Investor preferred.
Key Responsibilities:
• Provide guidance based on experience and knowledge with product development, implementation, and ongoing accounting operations of various alternative products including open and closed-ended partnerships.
• Creates operational processes and procedures for new funds & products.
• Participates in and executes strategy and initiatives set forth by senior leadership.
• Coordinates testing of new technology prior to roll out into production and reports results to peers and managers.
Requirements:
• Bachelor's degree in finance/accounting or equivalent with 10+ years of experience in financial services with at least 3-5 of those years spent in Private Equity/Hedge Funds and Alternative Investments or Master's degree with 8+ years of experience in same.
• Strong understanding of the alternative fund industry, including private equity and hedge fund products, including BDCs, REITs.
• Experience with multi-layered fund structures as well as working knowledge of derivatives and direct debt, a plus.
• Strong understanding of partnership accounting, investor allocations, and complex investor level management fee and incentive fee calculations.
• Experience supporting fund level back-office operations as well as portfolio expense caps, recoupments, and revenue share agreements.
• Experience with Geneva and Geneva World Investor preferred.
About Fidelity:
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.
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