Job Description:

The Senior Manager, Accounting Policy and Standards is responsible for guiding the application of accounting rules by all Fidelity corporate legal entities and for supporting the auditor independence efforts of all corporate entities and Fidelity mutual funds.  This position is a high-visibility role that will work with all levels of management and with many groups across the company.

The Team

Accounting Policy & Standards supports the larger Corporate Accounting function in providing accounting services to Fidelity’s Financial Services business units, the Corporate and Shared Services organizations, the Diversified Investments business, investment partnerships, and the parent company, FMR LLC.  The team is primarily responsible for setting accounting policies for the firm, leading the implementation of new accounting updates, and conducting research for new and proposed transactions, product offerings, and other matters to ensure proper application of all applicable standards, including US GAAP. The team also assists with the preparation of financial statements, delivers trainings to the firm’s accounting professionals, and supports the auditor independence efforts for all corporate entities and the Fidelity mutual funds.

The Expertise You Have

Bachelors or Master’s degree with a concentration in Accounting

7+ years of public accounting experience, preferably in financial services

Significant knowledge of US GAAP / SEC rules and regulations and the ability to apply this guidance to various transactions and fact patterns

Experience in an accounting consultation/research role or within a public accounting national office is strongly preferred

CPA license preferred

The Skills You Bring

Strong technical accounting skills (knowledge and application of US GAAP and SEC rules and regulations)

Ability to read, interpret, summarize, and apply accounting standards

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

Willingness and ability to take ownership of projects, including the implementation of new accounting standards

Ability to be effective working both independently and within a team

The Value You Deliver

Perform research and analysis to identify and support the resolution of accounting issues while ensuring that each significant or precedent-setting transaction receives the attention necessary to reach accurate and timely conclusions.

Author technical accounting memos to document conclusions reached related to these matters.

Monitor and assess the effects of proposed ASUs.

Lead the interpretation and implementation of new accounting standards.

Interact with Fidelity’s auditors and confidently present and defend our accounting positions.

Maintain and update existing policies for changes in guidance or business practices and draft new accounting policies to address new guidance or business activities.

Provide information to Corporate Accounting colleagues, Finance partners, and business leaders on emerging accounting and reporting matters that may have implications to the business.

Develop and present technical accounting trainings covering both new and existing requirements.

Work collaboratively with Corporate Accounting colleagues and finance peers.

Assist with reviewing parent and subsidiary financial statements prepared under US GAAP and IFRS.

Collaborate with our auditors and business partners to review and pre-approve proposed non-audit services and to pre-clear candidates for employment in order to ensure our auditors remain independent from Fidelity.

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.