Job Description:

The Role

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.

The Expertise and Skills You Bring

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

• Lead the development of public company reporting: Form 10 Registration, 10Ks (including MD&A), 10Qs, 8Ks, and other reporting as needed.
• Develop a roadmap for controls implementation and control gap remediation, ensuring plan is comprehensive, scalable and repeatable.
• Work across teams with Shareholder Reporting and the Treasures Office to utilizes the Firms’ chosen tools such as Archer and DFIN
• Lead implementation efforts and create necessary policies and procedures as part of that effort.
• Offer training to team of new controls to put in place.
• Work with the Treasurer’s Office to prepare the Fund for the initial controls audit once SEC registration is complete.

Daily NAV Processing

• Develop a plan for updates that can be made daily and manage communication and investigation across teams for implementing.
• Help create disclosures to accurately and effectively describe the new process.
• Manage automation efforts needed to enable this capability.
• Work across teams to ensure that all accounting groups coordinate on items that will need updating.
• Maintain system and process policies, procedures and training materials, as well as approval workflow documentation.
• Provide support to colleagues and 3rd parties, on questions/issues related to systems and processes, in partnership with Technology Consultants
• Lead and/or support process efficiency and risk management projects and perform ad hoc data analysis and/or reporting, as necessary.

Background & Skills

• Bachelor's degree in Finance or Accounting with 8 to 10 years of relevant experience (accounting, finance, audit, risk, or operations management preferred)
• Proficiency with Microsoft Office, including advanced experience with Excel and PowerPoint
• Experience with public reporting requirements
• Experience with managing technology integrations and development projects
• Experience with or willingness to learn property management and accounting software (Yardi experience strongly preferred)
• Experience with identifying risks, developing controls & training materials.
• Ability to manage multiple priorities and deadlines
• Capable of working independently with the ability to shift between high-level strategic thinking and detail-oriented testing
• Strong written/verbal communication skills and interpersonal skills, highly organized, and great attention to detail
• Self-starter with a positive attitude and desire to learn

The Team

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.

Certifications: