Job Description:
Vice President, Fund Operations & Portfolio Support
Role
Devonshire Investors is a private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments. Headquartered in Boston, Devonshire manages investments on behalf of FMR and its shareholders in businesses outside of the financial services industry.
Devonshire's portfolio consists of venture capital, later-stage private equity, and directly held real estate. Devonshire actively participates in its direct investments, while leveraging expertise across a global platform of holdings in the United States, Europe and Asia. The portfolio targets the telecommunications, technology, natural resources, and life sciences industries.
The VP Fund Operations & Portfolio Support will report to the CFO and will lead a team that is responsible for 3 main areas:
Fund Operations - Investment close support, Capital calls and distributions, LPA support, Cash control, reconciliation and forecasting
Portfolio Support - Investment valuation and NAV support, Audit & risk support, vendor support, natural resources investment support, tax support, new investment diligence/underwriting support
Investment & Fund Reporting - Fund-level performance reporting, financial statement review, Board reporting support
Expertise and Skills You Bring
Bachelor's Degree or equivalent experience required; MBA or CFA optional
Finance or operations experience with Private Equity/Venture Capital
Experience in or working with professionals in investment management and supporting functions (e.g., tax, legal, treasury, finance, compliance, risk, insurance), either in internal shared-services roles or through third party providers
Familiarity with valuing new and existing investments
Ability to work within a matrixed reporting environment
Experience with owning outcomes and driving solutions
Strong interpersonal and relationship building skills that enable you to engage cross-functionally
Consistent track record of delivering results and demonstrating impact
Subject matter depth and operations process expertise
Strong attention to detail and good business perspective with strong written and presentation skills
Demonstrated urgency and ownership of executing on the day-to-day
Certifications:
Company Overview
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.
Join Us
At Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees' Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don't need a finance background to succeed at Fidelity-we offer a range of opportunities for learning so you can build the career you've always imagined.
Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
We invite you to Find Your Fidelity at fidelitycareers.com.
Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 3.
