Job Description:
Portfolio Accounting, Analyst III
The Role
Our team is responsible for portfolio accounting, audit support, investment reporting and financial reporting for Fidelity Charitable's managed accounts.
The Expertise and Skills you Bring
- Bachelor's degree in accounting, finance, business or equivalent experience
- Confirmed experience in portfolio accounting and/or position reconciliation in the finance industry
- Strong organizational, planning and time management skills
- Strong and effective verbal and written communication skills and good interpersonal skills
- Experience documenting and improving processes and procedures
- Sophisticated Excel skills (e.g. vlookup and pivot tables), macro writing, VBA
- Some experience training other associates in daily responsibilities
- Strong attention to detail, while operating under tight deadlines
- Strong multi-tasking and problem-solving skills with excellent follow through
- Experience in Advent APX, or another portfolio accounting system/software, a plus
- Knowledge of brokerage accounts, financial instruments, and financial transactions
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Note: Fidelity is not providing immigration sponsorship for this position
The Value You Deliver
- Research and resolve position-level discrepancies between accounting system and custodial data
- Update positions/transactions data in portfolio accounting system, as needed
- Researching and identifying contributions into managed accounts
- Creation of XTRAC items to communicate money movement in/out of managed accounts internally
- Review accuracy of transactional records daily, including researching drivers of activity using custodial systems
- Analyze balances and security details between internal systems, facilitating updates as needed
- Identify and recommend operational improvements
The Team
Fidelity Charitable is looking for a Portfolio Accounting, Analyst III to join our team. You will be focused primarily on reconciling positions and transactions in investment portfolios held at 3-5 third-party custodians. Throughout the day, you will ensure positions in the portfolio accounting system (Advent) are reconciled to custodial data, review transactions that meet certain thresholds to confirm accuracy in Advent and identify and communicate money movement in and out of managed accounts. You will be responsible for manually updating transactions as needed and opening XTRACs to communicate money movement to the Premium Service group at Fidelity Charitable. You will assist with cost basis updates and ensure downstream, internal systems have accurate daily balances for our investment accounts in preparation for statement production and internal reporting.
Additionally, related to alternative investments held in the portfolios, you will gather and coordinate required documentation for portfolio valuation (e.g. capital account statements, confirmations, and audited financials) and process valuation updates.
Certifications:
Category:
Operations
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.