Fund Accounting Analyst

Fidelity
Merrimack - United States
S: Competitive

Description

As part of Fidelity's Pricing and Cash Management Services (FPCMS) business unit, the Accounting and Pricing Services (APS) division provides accounting and pricing services to all of the Fidelity Retail and Institutional products, including books and records maintenance, securities' pricing, and net asset value, yield and distribution rate calculations. The Fund Accounting department performs the daily pricing and bookkeeping for retail funds and institutional funds within FPCMS. The primary function for this role is to calculate the daily Net Asset Value of the various funds that Fidelity manages and supports. As part of this responsibility, the Fund Accountant reviews all of the data points pertinent to the funds - security trades, income, expenses, shareholder transactions, etc. This role requires great attention to detail, ability to work in a time sensitive environment and the ability to "think outside of the box."

In addition to the technical aspect of the role, the Analyst also performs project work, looks for process improvements, partakes in training and development opportunities and is part of a larger team effort. Depending on the project that the Analyst supports, the work hours may vary from early morning shifts to more, standard work hours. The ability to work overtime and be flexible is strongly encouraged.

Primary Responsibilities

Calculate, analyze and report NAVS, Mils, Yields while adhering to policy, procedures, and regulatory guidelines along with other ad-hoc responsibilities
Works independently to complete daily/monthly activities
Analyze and review daily/monthly reconciliations, expense accruals, disbursements and trade input
Provide daily support of business relationships with customer/suppliers such as the shareholder service area, custodian banks, fund administration, portfolio management, trading and custody operation on a fund specific basis
Identify and participate in development of cross-divisional business initiatives
Participate in continuous process improvement across the organization
Expected to be key contributors to positive workplace and shared success
Enhance knowledge or skill set within their functional area through personal development

Qualifications

Education and Experience
Bachelor's degree preferably in Accounting, Finance, or Economics required
Experience in Mutual Fund Accounting strongly preferred.

Skills and Knowledge
Knowledge of accounting principles (GAAP).
Strong analytical & organizational skills.
Strong written and verbal communication skills.
Strong computer skills, knowledge of Microsoft Office Products (such as Word or Excel), ability to train on and work with different operating systems.
Ability to work in a team environment.

Job summary