Principal Business Analyst - Private Markets & Alternative Investments

Fidelity Investments • Boston, MA

3d • $89,000 - $180,000

About The Position

As a Senior Business Analyst supporting the onboarding and expansion of Private Markets within Fidelity Fund and Investment Operations (FFIO), the role serves as a subject matter expert for Private Credit and Alternative Investments. The analyst partners across Product, Operations, Technology, Fund Accounting, Shareholder Reporting, and external vendors to define business capabilities, operating models, and scalable technology solutions. The role translates complex business needs into requirements and supports delivery of a next-generation Private Markets platform.

The position is part of a team building the future-state operating and technology platform for Fidelity’s growing Alternatives business. It works across Product, Operations, Technology, Accounting, and Architecture teams to deliver scalable solutions for Private Credit, CLOs, BDCs, Bank Debt, and Private Equity products.

The salary range is $89,000–$180,000 per year. Placement depends on job responsibilities and scope, geographic location, relevant experience, and other factors. The total compensation package may also include bonus or other variable compensation, subject to position and eligibility requirements. Fidelity states it will not provide immigration sponsorship for this position. Fidelity is transitioning to a full-time onsite working model through a phased rollout; onsite expectations vary by role and location and may evolve.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, Business, Information Systems, or a related field.
• At least 5 years of experience in Asset Management, Investment Operations, Fund Accounting, Product Management, or Business Analysis supporting alternative investments.
• Deep knowledge of Private Credit, Bank Debt, Direct Lending, BDCs, CLOs, Private Equity, leveraged loans, syndicated loans, and distressed debt.
• Strong understanding of investment operations, accounting, servicing workflows, and alternative investment operating models.
• Ability to define business capabilities and translate strategic objectives into actionable requirements.
• Strong analytical and problem-solving skills, including the ability to navigate ambiguity and influence decision-making across organizations.
• Experience with registered and unregistered investment vehicles, including BDCs, interval funds, private funds, and institutional products.
• Extensive experience with Wall Street Office (WSO) and SS&C Geneva.
• Familiarity with InvestOne, loan servicing platforms, reconciliations, workflow tools, integrations, and reporting platforms.

Nice To Haves

• Experience launching or supporting Private Credit products, BDCs, or alternative investment vehicles.
• Experience implementing or enhancing WSO, Geneva, InvestOne, or similar platforms.
• Knowledge of shareholder reporting, SEC reporting, financial statements, operational controls, and enterprise data architecture.
• Product management or operating model design experience within alternative investments.

Responsibilities

• Serve as a subject matter expert across Private Credit, Direct Lending, Bank Debt, BDCs, CLOs, Private Equity, and related alternative investments.
• Support end-to-end lifecycle activities, including trade capture, settlements, position management, accruals, paydowns, corporate actions, restructurings, fund accounting, and investor reporting.
• Lead requirements gathering, process mapping, user stories, acceptance criteria, and operating model design.
• Partner with business and technology stakeholders to identify process improvements and scalable solutions.
• Lead initiatives from concept through implementation and communicate effectively with technical and non-technical audiences.

Benefits

• Comprehensive health care coverage
• Emotional well-being support
• Market-leading retirement benefits
• Generous paid time off
• Parental leave
• Charitable giving employee match program
• Educational assistance, including student loan repayment and tuition reimbursement
• Learning resources to develop your career
• Bonus or other variable compensation may be included depending on position and eligibility requirements

What This Job Offers

• Job Type: Full-time
• Career Level: Principal