Director - Valuation Oversight, Asset Management Treasurer’s Office

Fidelity Investments Inc.; Boston (MA); Hybrid; USD 120,000 - 180,000; Full time

Job summary

Join a forward-thinking company as a Director of Valuation Oversight in Asset Management’s Treasurer’s Office. In this pivotal role, you will oversee pricing operations for Fidelity Funds, ensuring compliance with valuation processes and operational controls. You will collaborate with various teams to enhance investment capabilities while maintaining rigorous oversight of fund policies. This position offers a unique opportunity to leverage your expertise in technical accounting and valuation methods, while also fostering a collaborative environment that values both onsite and hybrid work experiences. If you are a motivated leader with a passion for accuracy and quality, this role is perfect for you.

Qualifications

• 10+ years of experience in investment operations or equivalent.
• Expertise in technical accounting and valuation methods.

Responsibilities

• Oversee pricing operations and monitor operational controls.
• Coordinate activities of service providers and fund managers.

Skills

Technical Accounting Standards

Valuation Methods

MS Excel

MS Access

Organizational Skills

Analytical Skills

Communication Skills

Project Management

Education

Bachelor's Degree in Finance/Accounting

Graduate MS or MBA in Finance/Accounting

Tools

MS Excel

MS Access

Job description

Job Description:

The Role

As a Director of Valuation Oversight in Asset Management’s Treasurer’s Office, you will be responsible for overseeing the pricing operations of the Fidelity Funds and monitoring operational controls. In this role you will support the development, implementation, and administration of valuation processes for the funds’ investments in private market strategies including equity, credit, and real assets. You will coordinate and oversee the activities of third-party service providers, external fund managers, and Fidelity’s internal pricing and bookkeeping agent Fidelity Fund and Investment Operations (FFIO). You will administer control functions, support testing of fair value methodologies, and coordinate the fair value determination process and related documentation. You will maintain valuation policies and procedures and recommend changes and updates as appropriate and necessary. You will think and work across Fidelity, partnering with the rest of the Asset Management Treasurer’s Office and collaborating with business partners in FFIO, Compliance, Risk, Technology, and the various Investment Divisions across the firm.

The Expertise

• A minimum of 10 years industry or equivalent experience
• Bachelor’s degree in finance/accounting or equivalent. Graduate MS or MBA degree in finance/accounting a plus.
• Subject matter expertise of technical accounting standards and generally accepted valuation methods for complex and alternative investment classes (e.g., private equity, direct loans, real estate, fund-of-funds)
• Prior experience preparing and/or auditing security valuations a plus
• Knowledge of operational risk management and internal controls, governance, and oversight processes
• Advanced, working knowledge of MS Excel and MS Access
• Collaborative working style, willingness to roll up sleeves and tackle complex problems

The Skills You Bring

• Motivated initiative-taker with the ability to work independently
• Ability to apply sound judgment to spot issues, assess risks, and identify items requiring attention
• Unwavering commitment to accuracy, quality, and completion of tasks
• Possess excellent organizational, operations, and project/process management skills
• Highly proficient verbal and written communication skills and strong presentation capability
• Advanced excel skills and experience developing light automation solutions
• Possess strong research and analytical skills
• Ability to make and effectively communicate decisions
• Ability to prioritize multiple tasks/initiatives and handle time-sensitive activities
• Ability to explain valuation concepts to diverse audiences

The Team

The Asset Management Treasurer’s Office provides fiduciary oversight of Fidelity’s funds, shareholder activity, and service providers. We use industry knowledge, technical experience, and our responsibility as fiduciaries to set and monitor adherence to fund policies, and we support the Funds’ Boards of Trustees in fulfilling their responsibilities to the Fidelity Funds. In addition to overseeing Fidelity’s existing products, we also actively support Asset Management’s efforts to expand investment capabilities by ensuring appropriate oversight is in place for new products prior to implementation

Certifications:

Category:

Investment 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.