Senior Manager, Fund Accounting -Billing and Expense
Job Description
Job Description:
The Role
As a Senior Manager, Billing & Expense, you will lead a team responsible for the accurate setup, calculation, invoicing, and payment of expense accruals and disbursements related to our Alternative products. You may also support other Fidelity Investments products, including approximately 500+ Retail and 2,000 Institutional products.
On a monthly or periodic basis, you will oversee the calculation of Fidelity's revenue from Alternative products, as well as from '40 Act Funds, Institutional products, and other registered or non-registered funds. This includes client billing for Institutional funds. Your team's work supports financial statement preparation and internal/external audit reviews. You will ensure all deliverables meet regulatory and internal standards.
This role also emphasizes cross-team collaboration and knowledge sharing across all product lines. You'll have the opportunity to demonstrate operational excellence within an agile operating model, apply your curiosity to drive end-to-end improvements, and bring a passion for problem-solving.
The Expertise and Skills You Bring
- Bachelor's degree (preferred)
- Familiarity with Alternative products (preferred)
- Experience working in an agile environment (preferred)
- Background in mutual fund industry, accounting, or finance (required)
- Experience with Geneva and Geneva World Investor (preferred)
- Knowledge of fund-level back-office operations, including expense caps, recoupments, and revenue share agreements
- Passion for process improvement through automation and technology
- Collaborative and positive leadership style
- Proven management experience
- Strong analytical and organizational abilities
- Strong written and verbal communication skills
- Proficiency in Microsoft Excel
Note: Fidelity will not provide immigration sponsorship for this position.
The Team
The Billing & Expense function is part of the broader Fund Operations Domain within Fidelity Fund & Investment Operations (FFIO). This team manages the accounting of fund expenses across FMR, FIAM, and FMTC products. Responsibilities include calculating, invoicing, and managing payments for various fees-management, performance, transfer agent, P&B, 12b-1, and sub-advisory-across mutual funds, institutional clients, and FMTC pools.
We are committed to delivering accurate and timely expense accounting to internal stakeholders and fund shareholders. You will collaborate extensively with teams across FFIO, Corporate Finance and Accounting, FMR Product and Board Support, FIAM client account executives, FMTC account managers, and the Treasurer's Office. This is a critical role in a fast-paced, evolving environment focused on precision in expense accruals, revenue billing, and invoice distribution.
#Fidelityalts
#FFIOALTS
Certifications:
Category:
Investment OperationsMost roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.
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.
Job Description:
The Role
As a Senior Manager, Billing & Expense, you will lead a team responsible for the accurate setup, calculation, invoicing, and payment of expense accruals and disbursements related to our Alternative products. You may also support other Fidelity Investments products, including approximately 500+ Retail and 2,000 Institutional products.
On a monthly or periodic basis, you will oversee the calculation of Fidelity's revenue from Alternative products, as well as from '40 Act Funds, Institutional products, and other registered or non-registered funds. This includes client billing for Institutional funds. Your team's work supports financial statement preparation and internal/external audit reviews. You will ensure all deliverables meet regulatory and internal standards.
This role also emphasizes cross-team collaboration and knowledge sharing across all product lines. You'll have the opportunity to demonstrate operational excellence within an agile operating model, apply your curiosity to drive end-to-end improvements, and bring a passion for problem-solving.
The Expertise and Skills You Bring
- Bachelor's degree (preferred)
- Familiarity with Alternative products (preferred)
- Experience working in an agile environment (preferred)
- Background in mutual fund industry, accounting, or finance (required)
- Experience with Geneva and Geneva World Investor (preferred)
- Knowledge of fund-level back-office operations, including expense caps, recoupments, and revenue share agreements
- Passion for process improvement through automation and technology
- Collaborative and positive leadership style
- Proven management experience
- Strong analytical and organizational abilities
- Strong written and verbal communication skills
- Proficiency in Microsoft Excel
Note: Fidelity will not provide immigration sponsorship for this position.
The Team
The Billing & Expense function is part of the broader Fund Operations Domain within Fidelity Fund & Investment Operations (FFIO). This team manages the accounting of fund expenses across FMR, FIAM, and FMTC products. Responsibilities include calculating, invoicing, and managing payments for various fees-management, performance, transfer agent, P&B, 12b-1, and sub-advisory-across mutual funds, institutional clients, and FMTC pools.
We are committed to delivering accurate and timely expense accounting to internal stakeholders and fund shareholders. You will collaborate extensively with teams across FFIO, Corporate Finance and Accounting, FMR Product and Board Support, FIAM client account executives, FMTC account managers, and the Treasurer's Office. This is a critical role in a fast-paced, evolving environment focused on precision in expense accruals, revenue billing, and invoice distribution.
#Fidelityalts
#FFIOALTS
Certifications:
Category:
Investment OperationsMost roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.
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.
About Fidelity Investments
At Fidelity, since our founding in 1946, we have been dedicated to strengthening and security our clients’ financial well-being through exceptional service and innovative solutions. We empower over ~50 million people to achieve their most important financial goals, manage employee benefit programs for nearly 24,000 businesses, and support more than 16,000 wealth management firms and institutions with cutting-edge investments and technology. Our diverse business portfolio and independence provide us with a comprehensive view of the market and the stability to deliver long-term value for our customers. As the financial industry evolves and customer needs grow more complex, Fidelity continues to reinvent, innovate, and transform to meet the challenges of tomorrow’s financial landscape.
*Specifically serviced by our Clearing & Custody team within Fidelity Institutional
Fidelity TalentSource, is the in-house temporary staffing provider for Fidelity Investments. Unlike traditional staffing agencies, we are an internal business unit within Fidelity’s Talent Acquisition team, dedicated to recruiting talent from various backgrounds for roles in Fidelity’s regional and investor center locations. Our mission is to help you experience Fidelity’s diverse and inclusive workplace while expanding your skill set and professional network, with the ultimate goal of conversion to full-time employment as part of Fidelity’s long-term strategy. To learn more about temporary positions at Fidelity Investments, visit FidelityTalentSource.com.
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