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The Direct Real Estate Team currently looking for an 8-10 year experienced Finance and Accounting professional to join the team. This role is reporting to the VP of Finance.
Primary responsibilities of the role relate to the Core Real Estate Fund established as a REIT and include monthly consolidation, quarterly/annual reporting, developing and managing public company reporting and SOX 404 Compliance as well as creating a process for Daily NAV reporting. Additional responsibilities also include technical review of US GAAP policies as required for Financial Reporting.
The Direct Real Estate Team is part of Fidelity’s Alternative Product Development Team (“Alternatives”). It works closely with Fidelity’s Asset Management Division to bring alternative real estate investments to market with the objective of building a successful real estate platform of scale. Alternatives is part of Fidelity’s Enterprise Services Division that manages the firm’s growth initiatives sponsoring new business creation and innovation. The Team works across Fidelity’s organization to co-ordinate support of tax, legal, controllership, compliance and risk matters for the real estate funds.
We are looking for an accounting and finance professional to be responsible for financial accounting and reporting of the Core Real Estate Fund’s real estate portfolio.
Candidates should value accuracy, and attention to detail as well as demonstrate the ability to think analytically, build relationships with the team, peers, and business partners, as well as manage multiple priorities. In addition, candidates should demonstrate values of excellence, respect, collaboration, continuous improvement, and integrity.
The Purpose of Your Role and the Value You Deliver
Public Company Financial Reporting and Controls Oversight
Daily NAV Processing
Background & Skills
The role is a rare opportunity to be involved in supporting a Finance Team in its organization and service development during the growth stages of private real estate funds establishment, investment and asset management processes. The role includes extensive use of Yardi accounting software, development of new procedures, business partnership with Fidelity’s Treasury Office, Fund Operations functions and the real estate professionals.
Company Overview
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.
Join Us
At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.
Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
We invite you to Find Your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.
Full Time
$112k-142k (estimate)
07/27/2024
08/22/2024