What are the responsibilities and job description for the Director Asset Management Accounting position at FMR LLC?
Job Description: The Role Learn, grow and build your career as a Director on the Asset Management ("AM") Accounting Team within Fidelity’s Corporate Accounting function! This Director position is a highly visible leadership position and will report directly to the AM Controller. The Director will lead a team of accounting professionals that are collectively responsible for the accounting and reporting for AM legal entities (i.e., primarily registered investment advisers to funds (including alternative funds) and other investment vehicles and separate accounts and other operating entities) that comprise Fidelity’s AM business unit, supporting key business initiatives and transactions, and driving operational improvements. You will play a key role in the professional development of the accounting professionals on your team. To be successful in this role, it will be important for the Director to have strong technical accounting and reporting experience and working knowledge of accounting operations. It will also be important for the Director to form relationships with senior management, peers, central accounting functions (e.g., accounting policy, technology, etc.), billing and other support functions across the firm, and key vendors. Expertise and Skills You Bring: Bachelor's degree in Accounting / Finance or equivalent; CPA license 10 years relevant AM or financial services accounting experience, including public accounting experience Technical accounting experience. Identify and work through items that require a technical accounting assessment (e.g., business change, new products and services, significant transaction, etc. (collectively, “Significant Events”)). Working knowledge of revenue recognition and consolidation standards required, collateralized loan obligation, alternative fund, and digital asset accounting experience a plus Strong executive presence and social skills. Ability to influence business partners to achieve a desired business outcome. Make well-informed / reasoned decisions Lead change. Identify, understand, conclude, implement and communicate accounting, process, internal controls, reporting, and other change impacts of Significant Events. Implement accounting models and processes in response to Significant Events Maintain a strong control environment. Responsible for operational processes and internal controls to mitigate accounting and operational risks. Evaluate the results of management’s testing of controls performed by internal controls function Financial reporting experience. Prepare and review financial statements in accordance with U.S. GAAP Audit management experience. Lead all aspects of efforts to support external audits of AM entities. Timely resolve audit inquiries / issues. Update the auditors throughout the year on Significant Events Accounting operations experience. Timely work through operational issues impacting the accounting close and otherwise, as needed. Review and analyze legal entity results. Maintain documentation of significant related party transactions Maintain an appropriate level of professional skepticism Be change agent to propel the team forward. Identify, prioritize and socialize operational improvement opportunities Deliver improvements Build and maintain relationships with the auditors, the controls program, the accounting policy function, and centers of excellence within Corporate Accounting, and well as key business partners including but not limited to senior members of AM finance, AM operations, corporate tax, corporate treasury Excellent written and verbal communications skills, including crafting and delivering presentations to communicate accounting results and other financial information Lead, coach, mentor and otherwise develop AM Accounting Team members. Encourage participation in various Fidelity and externally sponsored trainings. Create a positive culture of partnership across the organization Be flexible. Be able to work on multiple areas/projects concurrently. Be willing to learn new skill Effectively use financial systems, reporting and teamwork tools (Oracle, Excel, Word, SharePoint, Power BI, etc.) Certifications: Category: Accounting Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office. At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. 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 please contact the following: For roles based in the US: Contact the HR Leave of Absence/Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 2 For roles based in Ireland: Contact AccommodationsIreland@fmr.com For roles based in Germany: Contact Accommodationsgermany@fmr.com Fidelity Privacy Policy