Plan Sponsor Operations Reconciliation Representative III

Fidelity Investments; Covington (KY); On-site; USD 60,000 - 75,000; Full time

Job summary

Fidelity Investments in Covington, KY is seeking a FinOps Associate to perform daily financial operations supporting Workplace Investing DC offerings. You will reconcile transactions, monitor fund movements, and work with internal and external partners to ensure accurate processing and timely issue resolution.

This role offers on-site work with a collaborative team environment. The ideal candidate will have a Bachelor’s degree in Accounting or Finance (preferred), strong Excel and Office skills,

Qualifications

• Bachelor's degree in Accounting or Finance preferred.
• Strong Microsoft Office skills (Word, Excel, Outlook).
• Initiative and motivation to complete tasks.
• Ability to meet department goals and adapt to changing assignments.
• Experience with Financial Services, 401k, reconciliation, transactions, audits and ESOP is a plus.
• Ability to work independently or in a small team.

Responsibilities

• Complete daily control activities to support WI DC offerings.
• Reconcile transactions and monitor fund movements.
• Collaborate with internal and external partners to support processes.
• Maintain accurate documentation and support audit readiness.

Skills

Initiative

Detail-oriented

Problem solving

Communication

Education

Bachelor's degree in Accounting or Finance

Tools

Microsoft Office

Job description

Job Description

Note: Fidelity will not provide immigration sponsorship for this position.

The Role

The FinOps Associate completes daily vital activities to support Workplace Investing (WI) Defined Contribution (DC) product offerings. Working within both a dynamic team environment and independently to complete daily control activities which involve monetary and non-monetary processes. The associate must understand in detail how and why functions are performed and how they relate to the overall service structure. As part of a small team, you will be very valuable in working with internal and external business partners to support team processes throughout the day.

The Expertise and Skills You Bring

• Bachelor's degree or equivalent preferred, preferably in Accounting or Finance
• Solid understanding of Microsoft Office products (Word, Excel, Outlook)
• The ability to take initiative and highly motivated to complete tasks as required
• An eagerness to meet department goals and shifting assignments where needed
• Financial Services, 401k, Reconciliation, Transaction, Audit, Resolution, dividend cash, accrual, ESOP
• Associate will thrive in an environment working on one to one assignment or along with a team for a bigger project
• Communicate optimally with colleagues, management, and business partners through written and verbal correspondence
• You have excellent customer service skills
• Adopts new technology and process changes in a fast pace environment
• You are an independent problem solver with meticulous attention to detail!
• Enjoy solving mysteries through independent analysis of information captured from multiple sources
• You resolve ambiguous situations by asking questions and applying critical thinking

The Team

The Financial Operations Investment Execution and Oversight organization oversees investment level processing for all of WI’s Defined Contribution (DC) investment offerings. Processing includes onboarding client investment options, moving money, reconciling transactions, and resolving discrepancies within each of the processes. The team’s support a number of specific products including, Self Directed Brokerage, Company Stock, Fidelity Funds, and Non-Fidelity Mutual funds.

• The Investment Reconciliation role will support the daily reconciliation for plan to fund for all FPRS clones, daily recon of balance adjustments, gain/loss account and other fee reconciliation. Investment Reconciliation which performs a daily reconciliation between the DC recordkeeping system and the external account for all 25,000 plus investment products. The team members play a key role in building and maintaining relationships with internal business partners and collaborating with them when appropriate to ensure that all standard methodologies are followed.

Fidelity’s Onsite Working Model

Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

Certifications

Category: Operations

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.