Fund Accounting Oversight Manager (2002143-02)
Fidelity International

Purpose of your role

The Fund Accounting Oversight Senior Associate will be based in Dalian and is responsible for performing oversight on Fund Accounting Operations & services provided by Third Party Administrators for local domestic funds.

This involves ensuring the accurate & timely publication of Fund NAVs, application of Investor Protection & Fair Value policies on products, monitoring of Fund fees & charges, fee deferrals / waivers & rebate calculations on relevant funds, the preparation of Interim & Year End Financial Statements and monitoring the service quality of the Fund Administrators.

The role is also responsible for the handling of fund accounting queries & issues, following up with FIL Compliance teams, Third Party Administrators & Business Stakeholders to address breaches and / or errors arising on the Funds, and liaising with FIL Compliance & Third Party Administrators to assess the impact / implications of regulatory and / or Financial Standard changes on the Funds.

The role is also responsible for establishing & maintaining related procedures, supporting User Acceptance Testing and maintaining & performing BCP Test Plans.

The incumbent will also support scale & efficiency initiatives - including continuous process improvement, small scale enhancements, Intelligent Automation opportunities, Ways-of-Working activity - and lead related local & regional projects.

Key Responsibilities

Perform systematic Fund Accounting Oversight & Control of the domestic funds, ensuring accurate & timely :

  • NAV calculations & publication by the Third Party Administrators
  • Observance of FIL Valuation Policies by the Fund Service Providers
  • Provision of Fund books & records data, to relevant Stakeholders Investment Management, etc
  • Stock & cash position reconciliations of Fund Administrator & Custodian records, on a daily basis
  • Chasing & resolution of aged cash and income items
  • Accruals & payment of Fund Expenses, and booking of expense rebates to the Funds
  • Other responsibilities include :

  • Maintain issues logs, and follow up on the timely resolution of action points
  • Maintain up to date and clear procedure manuals and ensure these get reviewed annually
  • Maintain BCP Plans for the function, including the execution of regular BCP / DR Tests
  • Participate in continuous process improvement activity and support small scale projects, as directed
  • Provide input into SLS assessments and monthly SLS meetings with the Fund Administrators
  • Provide support for project activity on the region’s fund range (e.g. product launch / product restructuring)
  • Assist the Line Manager with coordination of Annual & Interim Financial Statements & Audits
  • Experience and Qualifications Required

  • Knowledge in Accounting would be an advantage
  • Understanding of the investment management industry would be a strong advantage
  • Ability to resolve problems in a quick & efficient manner
  • Good awareness of the risk environment and the ability to identify, and escalate potential risks within the function
  • An aptitude for developing / enhancing work practices through the introduction of efficiencies
  • Accuracy and attention to detail in all aspects of service delivery, documentation and reporting
  • Ability to communicate confidently & effectively with peers & seniors within the organisation and with external parties
  • Good organisational & planning skills, with the ability to work under pressure and to tight deadlines
  • A proven self-starter with strong commitment and a flexible attitude
  • Fidelity International offers investment solutions and services and retirement expertise to more than 2.5 million customers globally.

    As a privately-held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term.

    Operating in more than 25 locations and with $565.7 billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.

    Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance.

    Together with our Investment Solutions & Services business, we invest $437 billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures.

    Our clients come from all walks of life and so do we. We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more.

    As a flexible employer, we trust our people to perform their role in the way that works best for them, our clients and our business.

    We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond.

    Data as at 30 June 2020.


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