Associate, Reconciliation

Department Overview Our Reconciliations team are centrally involved in managing resources, processes, customer needs and responsible for the daily Cash reconciliations for Fidelity Mutual Funds.

Responsibilities

• The team monitor exceptions to the bank in order to protect the Fidelity's integrity and our Shareholders.
• The Expertise We’re Looking For Strong Time management skills Strong attention to detail & analytical skills
• Proactive and Self motivated
• Relationship building skills across team, business units, and peers

Proven delivery of world-class service experience

• The Purpose of Your Role Your role is essential in driving the accuracy of the mutual funds’ accounting and will require you to complete Cash, Position, Bank, Fund, and/or Proxy reconciliations on time and within expectations.
• Outside the daily activities we also have a strong bias towards continuous improvement where we have adapted Agile and have an active backlog of projects in Jira for you to lead or participate in.
• These are a fantastic way for you to build new or deepen existing skills and craft your career path.
• While collaborating with team members & managers to provide feedback for improving the efficiency and service offerings of the dept.
• The Skills You Bring Our work is completed through various systematic, written, and verbal interactions.
• The team interact with the Fund Accounting Teams, TAAC, Cash and Banking Operations, Fidelity Transfer Agents, Transfer Agent Banks, and other internal partners.
• Key experiences you bring to the role are: · Your expert knowledge of reconciliations and industry regulations, cash & securities movement, accounting principles and the various elements of NAV, Mil or Yield calculation · Deepening your proficiency across multiple security types/products and their process flows. · Having the capacity to quickly come up to speed on processes, systems, and tools used by your team to perform reconciliations (i.e., Frontier) · Proactively identify trends, recurring problems and risk; suggest and implement resolutions. · Ability to work in a deadline-oriented environment and handle multiple projects and tasks simultaneously within a tight timeframe. · Ability to recognize high risk items and escalate those items or seek assistance to minimize loss to either the shareholder and or/Fidelity. · Provide broad product, service, and technology expertise and support as needed for projects and escalation calls. · Participate in process improvement teams. · Being able to competently work with Microsoft Office (e.g., Word or Excel, Power Bi) · A comfort with autonomy and balancing multiple priorities is something our team would value highly · Training & Coaching team members on tasks to ensure proficiencies levels maintained within team. · Taking pride in how you handle competing priorities and keeping track of your time each day. · Your eye for detail will be an asset as you identify high risk items, call them out or seek assistance to minimize shareholder and Fidelity risk.
• The Value You Deliver and Primary Responsibilities You are central to the day-to-day operations of the team, while also using your analytical skills to contribute toward reporting to internal business partners or presentations to senior leaders in Ireland. • You protect Fidelity through reconciling account activity or researching and resolve cash exceptions with the appropriate custodian bank and working as part of a team to ensure actioned timely. • You are a self-starter who utilize resources and can follow protocols and procedures autonomously. • Leaders within the business look to you to provide exception status reports to business partners. • You're the daily support that fosters strong relationships with fund accounting and custodian banks. • You identify, participate, and encourage the team’s participation in development of cross-divisional business initiatives. • Assist with research, trouble shooting, escalation and resolution for more complex activity, discrepancies, or widespread production issues. • You prepare, analyze and review various daily/ weekly/ monthly/ ad hoc oversight reviews and management reports. • You a key contributor to positive workplace and shared success. • Your personal ownership and commitment drive accurate and timely reconciliations and exception resolution. • You provide timely customer service to internal and external business partners. • You will be communicating, coordinating and relationship building with the onshore & offshore teams.

Requirements

• Proficient skills in various PC software applications to include Microsoft, Access, Excel, Word, PowerPoint.

Category

Investment Operations