Senior Accountant, Brokerage Accounting & Controllership

Fidelity Investments; Covington (KY); On-site; USD 70,000 - 95,000; Full time

Job summary

Fidelity Investments is seeking a Senior Accountant for the Brokerage Corporate Accounting and Controllership team. The role focuses on accounting and financial reporting for brokerage activities, collaborating with accounting and finance partners to streamline processes and enhance controls.

Expect journal entries, reconciliations, and month-end analyses, with exposure to regulatory filings and annual statements.

Qualifications

• Bachelor's Degree in Accounting; CPA and/or master's preferred.
• 2-4 years in accounting; banking/brokerage/financial services preferred.
• Solid understanding of GAAP and ability to apply to events and transactions.
• Audit background or experience with auditors and financial statements.

Responsibilities

• Prepare journal entries and account reconciliations for month-end close.
• Analyze income statements and present month-over-month results to management.
• Prepare quarterly balance sheet certifications and regulatory filings.
• Assist in annual financial statements and audits with external auditors/regulators.
• Develop and improve reporting and controls for brokerage accounting.

Skills

GAAP knowledge

Analytical skills

Audit experience

Team player

Detail oriented

Able to work independently

Communication with partners

Education

Bachelor's in Accounting

CPA

Master's in Accounting (preferred)

Job description

Job Description

Note: Fidelity is not providing immigration sponsorship for this position

The Role

The Senior Accountant on the Brokerage Corporate Accounting and Controllership Team will be a key member of the team responsible for financial accounting and controllership within the Fidelity Institutional (FI) organization.

You will be primarily responsible for accounting and financial reporting activities supporting brokerage accounting. You will work closely with accounting, and finance partners, as well as other members of the business, to process accounting transactions, streamline accounting processes and enhance controls, and develop improved reporting of business results. Your month-end close activities will include preparation and creation of journal entries, account reconciliations, and presenting month-over-month analysis of the income statement results to management and finance partners. In addition, you will prepare quarterly balance sheet certifications and regulatory filings and annual financial statements.

The Expertise And Skills You Bring

• Bachelor's Degree in Accounting, CPA and/or master's degree in Accounting preferred
• 2-4 years of experience in accounting; experience in banking, brokerage or financial services accounting preferred
• Detail-oriented with solid understanding of business and financial concepts
• Demonstrates working knowledge of GAAP and can apply concepts to business events and transactions
• Audit background or experience working with auditors and preparing financial statements
• Strong understanding of financial accounting principles and internal control
• Analytical, problem solving, and organizational skill
• Ability to work both independently and in a team environment
• Hands on work style - 'can do' attitude with a strong desire to make things happen
• Team player who takes initiative and works constructively with others to achieve team goals
• Ability to perform major account/cost analysis and identify/interpret trends in financial statement line items
• Ability to build and maintain strong, constructive relationships with business partners
• Ability to identify process improvements and recommend changes to policies and procedures
• Passionate about details while maintaining a broad view of business objectives
• Keen knowledge of financial systems and applications and multi-dimensional reporting tools
• Ability to work on multiple projects concurrently and meet tight deadlines at each month-end and quarter-end
• Highly motivated, flexible, quality focused
• Willingness to travel to Boston occasionally for meetings with business partners
• Working closely with various business partners to ensure the custody brokerage financial results are accounted for accurately and properly
• Ensuring processes and controls are appropriate and well documented
• Preparing insightful analysis and compiling accurate information to respond to questions from management, auditors and business partners
• Responsible for supporting interim/annual audits with the external auditors and regulators
• Enhancing reporting packages and current processes to create efficiencies where possible
• Participating in the development and completion of special projects as assigned
• Responsible for the preparation of the annual financial statements and coordinating interim/annual audits with the external auditors and regulators.

The Team

As a member of Fidelity's Corporate Accounting and Controllership team, you play a key role for the company, protecting the firm's assets through our work in financial accounting, internal controls, financial transactions and legal entity reporting.

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: Accounting

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.