Analyst, Alternative Portfolio Services

Job Description:

The Role

The Portfolio Services Group (PSG) in the Alternatives Investment Services team liaises between portfolio managers, trade operations teams, and internal partners.   

The Alts Portfolio Services Group performs tasks and functions in support of investment professionals for the benefit of clients and fund shareholders. The group works with the Direct Leading and Real Estate Investment teams to deliver a consistent high level of service to the portfolio managers.  Investment Services team member activities include, but are not limited to the following: 

The Expertise and Skills you Bring

• Monitor cash levels for all Alternative portfolios

• Manage Deal Pipeline and ensure all requirements are met

• Monitor asset allocation for group-sub structured portfolios

• Create trade orders based on PM instructions and allocation rules

• Serve as central point of contact for corporate actions (CA) activity; coordinating with assigned analyst and ensuring PMs’ interest is communicated to CA’s team

• Liaise with technology, compliance, legal, operations, portfolio management, trading, and other internal Fidelity partners

• Respond timely and accurately to ad-hoc inquiries from portfolio managers

• The ideal candidate will have very strong analytical and communication skills and exhibit the highest level of personal and professional integrity.   

• BA / BS degree required, advanced degree a plus. Major or concentration in legal, finance, business administration, or accounting preferred but not required

• Proficient in trading operations, terminology, and market mechanics

• Ability to prioritize workload and responsibilities in fast-paced environment

• Contributes positively and is committed to improving the work environment and enhancing Fidelity’s culture

• Proven team-player with strong communication skills who is willing to engage in constructive feedback discussions

• Ability to think creatively and independently while working in a collaborative environment

The Team

Fidelity’s High Income and Alternatives Division is responsible for managing the firm’s diversified high yield, leveraged loan and emerging market debt mutual funds, institutional accounts, and sub-portfolios.  In addition, the group manages funds focused on the equities of leveraged companies.  Assets under management total approximately $100 billion. The division is made up of a diverse team of Investment Professionals, Traders, and Operational and Administrative Support staff.

Fidelity will reasonably accommodate associates with disabilities who need adjustments to participate in the application or interview process, or to perform the essential functions of their job.

Fidelity’s Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

The base salary range for this position is $60,000-115,000 USD 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.

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.

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