Job Description:

The Accounting Policy Senior Manager will report to the Head of Accounting Policy and is responsible for guiding the application of accounting rules for the Fidelity corporate legal entities and for supporting auditor independence efforts. This position is a high-visibility role that will work with all levels of management, members of the business and Fidelity’s external auditor.

The Expertise You Have

• Bachelor’s or master’s degree with a concentration in Accounting
• 8+ years of accounting and financial reporting experience
• Strong knowledge of US GAAP / SEC rules and regulations and the ability to apply this guidance to various transactions and fact patterns
• Experience with a public accounting firm is a plus
• CPA license preferred
  

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 enterprise, leading the implementation of new accounting standards, and conducting research for new and proposed transactions, product offerings, and other matters to ensure proper application of all applicable standards (primarily US GAAP). The team assists with the preparation of financial statements, delivers trainings to associates, and supports the auditor independence efforts. In addition to leading technical accounting efforts, the policy team also plays a role with influencing operating policies that are utilized to drive standardization across Corporate Accounting.

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 US GAAP.
• 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 training 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 to ensure our auditors remain independent from Fidelity.

How Your Work Impacts the Organization

Corporate Accounting plays a key role in protecting Fidelity’s assets and providing accurate and reliable financial information for our businesses. Our mission is to (1) serve as the stewards of our financial information to protect the reputation of our business, (2) provide guidance on the financial impact of strategic business initiatives, and (3) utilize modernized tools and policies to help drive Fidelity Forward in a controlled and efficient way in the face of an increasingly complex finance and accounting environment.

The base salary range for this position is $85,000-$179,000 per year.

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.

Certifications: