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Director Asset Management Accounting

Fidelity

Fidelity

Accounting & Finance
smithfield, ri, usa · Merrimack, NH, USA · Boston, MA, USA
Posted on Apr 7, 2025

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.

Company overview

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 complete the application or interview process.

If you would like to request an accommodation, please contact us at:

accommodations@fmr.com

Apply

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).

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, or by calling 800-835-5099, prompt 2, option 3.

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 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.

Benefits
Learning & development
Culture

Benefits that adapt to everything life sends your way

401(k) with company match

Medical, dental, vision and prescription drug coverage

16-week maternity leave & 12-week parental leave

Student loan assistance

Fidelity is invested in you

Committed to Professional Development

At Fidelity, we are constantly adapting to the changing needs of our customers, new technologies, and better ways of working. And we empower our employees to do the same, with an emphasis on developing skills and connections that will help propel you forward in your career while being able to make an impact for Fidelity’s customers around the world.

We offer a wide range of options for professional development including online, in-person, and mentor driven solutions. Special interest and networking groups are also part of our culture of empowerment, personal and professional enrichment, diversity and inclusion, and knowledge sharing.

Continuing Education & Training

  • Assess, build, and align your development plan through resources like our skill-building classroom and online courses.
  • Video-based training for technology, leadership, management & more.
  • Ongoing skills development and coaching opportunities.
  • Paid training with a facilitator who is dedicated to your onboarding and will track and evaluate your progress, giving you strategies to improve.
  • A range of talent development programs to support career mobility.

Mentoring

  • Utilize the skills of experienced leaders to enrich your career.
  • Dedicated mentors to help you grow into new areas of Fidelity’s business as you develop new skills.
  • An open atmosphere of knowledge sharing and collaboration.
  • Opportunities to pay it forward, sharing the knowledge you develop and as you help others define how they want their career to take shape.

Our Commitment to Diversity and Inclusion

"Fidelity believes in, and is committed to, fair and equitable treatment for every associate and customer, and to creating a safe and respectful environment, in which everyone is treated with kindness, compassion and respect." Abby Johnson | Chairman and CEO Fidelity Investments

At Fidelity, we are committed to building an enduring culture of inclusion and belonging that will attract, develop and retain a diverse workforce.

Fidelity’s ten affinity groups are self-organized groups of employees with common interests in areas such as race, ethnicity, gender or sexual orientation, or who share similar interests based on similar sets of experiences.

These Employee Resource Groups and Special Interest Groups are models of inclusion for Fidelity. They’re also a powerful form of engagement and development and can provide a pathway to visible leadership roles. Our affinity groups make a large contribution on the business, helping to ensure our products and services are delivered in a welcoming and equitable environment.

  • Over 22K employees participate in an affinity group.
  • Over 1,400 affinity group members volunteered for Fidelity Cares in 2020.
  • 74% increase in affinity group memberships over the last three years.

Giving Back to Our Communities

Throughout Fidelity, you’ll find a genuine commitment to social responsibility – where we strive to make an impact for customers, while also making an impact on the world.

Fidelity Cares

  • Provides associates with opportunities to actively volunteer and share their talents.
  • Hosts numerous company-wide volunteer events (in-person and virtual).
  • Partners with nonprofit organizations to support our local communities.
  • More than 12,000 associates donate time annually – from interns to SVPs.
  • Impact includes refurbishing schools, donating books and supplies, and teaching financial literacy.

Fidelity Charitable®

  • Created to make it easy for people to support charitable organizations they care about.
  • Helped deliver $7.3 billion in donor-recommended grants to charity in 2019.
  • Supported more than 300,000 unique charities around the world.
  • Since its inception, more than $42 billion has been given to public charities.

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