Job Description:

The Senior Private Equity Accountant on the Devonshire Investors (“DI”) Accounting & Controllership Team will be a key member of the team accountable for the financial accounting and reporting of the DI managed entities.

You will be primarily responsible for ensuring the books and records of certain private equity funds, Investor Entities and/or operating companies are prepared correctly on a monthly/quarterly/annual basis. You’re responsible for the general ledger of these entities and ensuring that strong controls are maintained through quality, well documented account reconciliations. You will be the main contact for the entities you are assigned. You will interact with senior members of the finance and business groups that support the entities as well as with tax, treasury, the Consolidations team, and external auditors.

This role on the Devonshire Investors team is responsible for ensuring the entities assigned are correctly accounted for in the G/L and subsequently the financial statements. An extremely high degree of accuracy and precision is required in this role.

The Expertise You Have

Bachelor’s Degree in accounting, CPA preferred

Minimum 3 years of relevant accounting, public accounting and/or private equity experience

Detail-oriented with solid understanding of business and financial concepts and accounting

Experience preparing GAAP financial statements, particularly partnerships

Ability to work on multiple areas/projects concurrently and meet tight deadlines

Excellent written/verbal communication skills and the ability to interact effectively and confidently with all levels of management and various groups

Ability to utilize financial systems and reporting tools; strong knowledge of Microsoft products (Excel & Word)

Experience with, or demonstrated ability to learn, complex financial systems and multi-dimensional reporting tools (e.g. Investran, Oracle, Essbase, Power BI, Yardi)

The Skills You Bring

You have hands on work style – a “can do” attitude with a strong desire to make things happen.

You can prioritize tasks, independently research, resolve issues, and manage ambiguity.

Multi-tasker! Excel at meeting tight deadlines independently.

You are focused on details while maintaining a broad view of business objectives.

You have strong analytical and organizational skills and the ability to solve problems independently or as part of a team.

You have excellent written and verbal communication skills that create and maintain strong, constructive relationships within the team and with business partners.

You have the ability to understand complex organizational/ownership structures.

The Value You Deliver

Actively participate in Devonshire Investors month / quarter / annual accounting close, such as preparing journal entries, foreign currency translation / revaluations, account reconciliations, financial statements, rebilling, and variance analyses for DI managed entities (including the Investor Entities as well as some of the increasingly expanding venture capital funds, natural resources funds and operating entities).

Responsible for the accounting and administration of Limited Partner and General Partner funds including preparing capital calls, reviewing distribution models and calculating carried interest

Assist in the timely, accurate and complete preparation of managerial reporting

Participate in the annual audit process with external auditors, including preparing financial statements and providing audit schedules.

Participate in the response to inquiries from management, auditors and regulatory agencies regarding accounting policies, procedures, and issues.

Work with treasury groups to initiate wire transfers to fund investments, pay capital calls, distribute cash to partners and pay for expenses.

Prepare quarterly/annual schedules for the tax department to support their reporting to the owners of the private equity funds.

Provide ad-hoc business requests.

At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associate for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to complete the application or interview process. Please email us at accommodations@fmr.com or call 800-835-5099, prompt 2, option 2 if you would like to request an accommodation.

Certifications:

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.

Join Us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award(opens in a new tab), we have been recognized by our employees as a Best Place to Work in 2022. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.

As a result of COVID-19, many of our associates are continuing to work remotely. When Fidelity employees eventually return to the office, our goal is for most people to work flexibly in a way that balances both personal and business needs with time onsite and offsite through what we’re calling “Dynamic Working(opens in a new tab).” 

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Leave of Absence/Accommodation Team by sending an email to accommodations @fmr.com, or by calling 800-835-5099, prompt 2, option 2.