Senior Manager, Accounting Policy and Standards

$85,000 - $179,000/Yr

Fidelity Investments - Boston, MA

Full-time - Senior

Boston, MA

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Accounting Policy Senior Manager will report directly to the Head of Accounting Policy and will play a crucial role in guiding the application of accounting rules for Fidelity's corporate legal entities. This position is designed for high visibility and will involve collaboration with all levels of management, various business units, and Fidelity's external auditors. The primary responsibility of this role is to ensure compliance with accounting standards and to support auditor independence efforts, which are vital for maintaining the integrity of financial reporting within the organization. In this role, you will be part of the Accounting Policy & Standards team, which supports the larger Corporate Accounting function. This team is responsible for providing accounting services to Fidelity's Financial Services business units, Corporate and Shared Services organizations, Diversified Investments business, investment partnerships, and the parent company, FMR LLC. The team’s key functions include setting accounting policies for the enterprise, leading the implementation of new accounting standards, and conducting research for new and proposed transactions to ensure proper application of all applicable standards, primarily US GAAP. Additionally, the team assists in the preparation of financial statements, delivers training to associates, and supports auditor independence efforts. As an Accounting Policy Senior Manager, you will leverage your strong technical accounting skills to perform research and analysis, author technical accounting memos, and lead the interpretation and implementation of new accounting standards. You will interact with Fidelity's auditors, present and defend accounting positions, and maintain and update existing policies in response to changes in guidance or business practices. Your work will significantly impact the organization by ensuring accurate and reliable financial information, which is essential for protecting Fidelity's assets and reputation.

Responsibilities

• Guide the application of accounting rules for Fidelity corporate legal entities.
• Support auditor independence efforts and ensure compliance with accounting standards.
• Perform research and analysis to identify and resolve accounting issues.
• Author technical accounting memos to document conclusions reached on significant transactions.
• Monitor and assess the effects of proposed US GAAP changes.
• Lead the interpretation and implementation of new accounting standards.
• Interact with Fidelity's auditors and present accounting positions confidently.
• Maintain and update existing accounting policies and draft new ones as needed.
• Provide information on emerging accounting and reporting matters to Corporate Accounting colleagues and business leaders.
• Develop and present technical accounting training for associates.
• Collaborate with Corporate Accounting colleagues and finance peers on various projects.
• Assist in reviewing parent and subsidiary financial statements prepared under US GAAP and IFRS.

Requirements

• 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.
• Experience with a public accounting firm is a plus.
• CPA license preferred.
• Strong technical accounting skills and ability to apply US GAAP and SEC rules.
• Excellent written and verbal communication skills.
• Ability to interact effectively with all levels of management and various business groups.
• Willingness to take ownership of projects, including the implementation of new accounting standards.
• Ability to work independently and within a team.

Nice-to-haves

• Experience in a leadership role within accounting policy or standards.
• Familiarity with IFRS accounting standards.

Benefits

• Comprehensive health care coverage and emotional well-being support.
• Market-leading retirement plans.
• Generous paid time off and parental leave.
• Charitable giving employee match program.
• Educational assistance including student loan repayment and tuition reimbursement.
• Learning resources to develop your career.