Analyst, Billing & Expense

Job Description:

The Role

A Billing & Expense Analyst will perform daily tasks in support of expense accrual setups for new product launches and fund events, expense structure changes, monthly rate reset tasks, daily analytics to ensure expense accruals and disbursements are accurate. On a daily basis, the Analyst may be responsible for the daily accounting of expense related processing on all products supported by the team, including approximately 500 Retail and 2,000 Institutional products as well as certain Alternative products. On a monthly or periodic basis, you may be responsible for calculating Fidelity’s revenue derived from the Fidelity Investments ’40 Act Funds, Institutional and certain registered or non-registered Funds and client billing related to the Institutional funds. Tasks within the team also support financial statement preparation and internal/external audit reviews.

In this role you will have the opportunity to demonstrate your skills in delivering operational excellence in an agile operating model, your curiosity for end-to-end improvements and your passion for problem solving.

The Expertise and Skills You Bring

· Effective communication (written and verbal) and interpersonal skills

· Positive and collaborative attitude

· Eagerness to learn new processes through individually paced on-the-job and mentor aided training opportunities

· Analytical and organizational skills as well as the ability to problem solve in order to deliver on requests from business partners and clients

· Attention to detail

· Proficiency in Microsoft Office Excel

· Prior experience within mutual fund industry and / or experience in accounting preferred

· Experience working in an agile operating model preferred

· Experience with Alternative products preferred

· Bachelor’s Degree preferred

The Team

The Billing & Expense function is within the broader Fund Operations Domain within Fidelity Fund & Investment Operations (FFIO). The Billing & Expense teams are responsible for the accounting of all fund expenses on the FMR, FIAM and FMTC products, including calculating & invoicing management, performance, transfer agent, P&B, 12b-1 & sub advisory fees for FMR mutual funds, FIAM institutional clients & FMTC pools.

We have a steadfast commitment to delivering accurate and timely accounting of expenses to our internal customers and fund shareholders. You will work extensively with other operations and technology groups across FFIO, Corporate Finance and Accounting, FMR Product and Board Support, FIAM client account executives, FMTC account managers and the Treasurer’s Office. It is a highly critical role in a fast paced, constantly evolving operations group focused on the accuracy of our mutual fund and client account expense accrual, revenue billing and invoice distribution.

Certifications:

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 hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

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.