Chief Financial Management Specialist

1 week ago


North Smithfield, Rhode Island, United States Fidelity TalentSource LLC Full time
Job Description:

The Senior Manager of Accounting for Investments RI role is a key position in the Fidelity Investments Life Insurance (FILI) accounting team.

  • Supporting the implementation of FILI's investment portfolio to a 3rd party vendor software used by the Company;
  • Responsible for monthly and quarterly financial close including review of investment journal entries, account reconciliations, and variance analysis;
  • Preparing schedules supporting regulatory filings and financial statement reporting for investments;
  • Ensuring the investment portfolio is compliant with internal investment policies and regulatory filing requirements (U.S. and Bermuda) including applicable GAAP and statutory accounting principles for investments;
  • Maintaining an understanding of investment-related regulations and requirements for various investment types such as fixed income debt securities, asset and structured securities, alternative investments, etc.;
  • Performing technical accounting research under current guidance and impact of new guidance for investments;
  • Supporting the audit process with external auditors;
  • Maintaining financial controls and understanding of accounting and financial processes over investments.
About the Role:

This position plays a critical role in ensuring that investment transactions are recorded accurately for financial reporting and protecting the firm's assets through our work in financial accounting, internal controls, and legal entity reporting.

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.

What You'll Do:
  • Analyze and review financial data to ensure accuracy and compliance;
  • Develop and maintain relationships with business partners and stakeholders to drive results;
  • Provide expert advice on financial matters and develop solutions to complex problems;
  • Stay up-to-date with industry trends and developments to inform decision-making;
  • Lead and mentor teams to achieve goals and objectives;
  • Communicate effectively with stakeholders at all levels to ensure alignment and buy-in.
Requirements:
  • Bachelor's degree in Accounting, CPA and/or master's degree or equivalent training;
  • 10+ years of experience in the Financial Services Industry preferred;
  • Understanding of various investment products and instruments such as bonds, fixed income securities, structured securities and alternative investments preferred;
  • Advanced understanding of accounting principles, financial reporting, practices, and internal controls;
  • Ability to quickly understand and connect key concepts and dependencies;
  • Excellent written and verbal communication skills;
  • Strong leader and mentor that builds relationships with business partners and team members by providing and seeking feedback;
  • Presents and summarizes results and complex information to Senior Management;
  • Strong knowledge of how financial systems and dynamic reporting tools work (i.e., Oracle) and are highly proficient in Excel;
  • Knowledge of investment accounting software preferred;
  • $123,456 - $147,890 per year.


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