Director, Alternative Accounting

4 days ago


Westlake, Ohio, United States Fidelity TalentSource LLC Full time
Job Description:

The Director, Alternative Accounting is a key member of the Fund Operations division within Fidelity's Fund and Investment Operations (FFIO) business unit. This role 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.

This position requires expertise in daily deliverable oversight, pivotal initiatives, business performance evaluation, and executive relationship management. You will work closely with other teams within FFIO, as well as across the organization, to collaborate on product launches, build processes, and drive innovation.

The Expertise and Skills You Need:
  • Strong understanding of the alternative fund industry, including private equity and hedge fund products.
  • Experience with multi-layered fund structures, derivatives, and direct debt.
  • Strong understanding of partnership accounting, investor allocations, and complex investor level management fee and incentive fee calculations.
  • Experience supporting fund level back-office operations, portfolio expense caps, recoupments, and revenue share agreements.
  • Experience with Geneva and Geneva World Investor is preferred.
Key Responsibilities:
  • Provide guidance on product development, implementation, and ongoing accounting operations of various alternative products.
  • Create operational processes and procedures for new funds and products.
  • Participate in and execute strategy and initiatives set forth by senior leadership.
  • Coordinate testing of new technology prior to roll out into production and report results to peers and managers.
What We Offer:

Fidelity is a leading financial services company with a mission to strengthen the financial well-being of our clients. We offer a range of benefits, including flexible work arrangements, professional development opportunities, and a dynamic work environment.

As a member of our team, you will have the opportunity to work with a talented group of professionals, develop your skills and expertise, and contribute to the success of our organization.

About Fidelity:

Fidelity Investments is a privately held company with a strong commitment to diversity, equity, and inclusion. We believe that a diverse and inclusive workplace is essential to our success and offer a range of programs and resources to support our employees.

We are an equal opportunity employer and welcome applications from qualified candidates who share our values and commitment to excellence.



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