Senior Manager, Fund Accounting -Billing and Expense

Fidelity • Westlake, TX

13d • Hybrid

About The Position

The Role As a Senior Manager, Billing & Expense , you will lead a team responsible for the accurate setup, calculation, invoicing, and payment of expense accruals and disbursements related to our Alternative products. You may also support other Fidelity Investments products, including approximately 500+ Retail and 2,000 Institutional products. On a monthly or periodic basis, you will oversee the calculation of Fidelity’s revenue from Alternative products, as well as from ’40 Act Funds, Institutional products, and other registered or non-registered funds. This includes client billing for Institutional funds. Your team’s work supports financial statement preparation and internal/external audit reviews. You will ensure all deliverables meet regulatory and internal standards. This role also emphasizes cross-team collaboration and knowledge sharing across all product lines. You’ll have the opportunity to demonstrate operational excellence within an agile operating model, apply your curiosity to drive end-to-end improvements, and bring a passion for problem-solving. The Team The Billing & Expense function is part of the broader Fund Operations Domain within Fidelity Fund & Investment Operations (FFIO) . This team manages the accounting of fund expenses across FMR, FIAM, and FMTC products. Responsibilities include calculating, invoicing, and managing payments for various fees—management, performance, transfer agent, P&B, 12b-1, and sub-advisory—across mutual funds, institutional clients, and FMTC pools. We are committed to delivering accurate and timely expense accounting to internal stakeholders and fund shareholders. You will collaborate extensively with teams across FFIO, Corporate Finance and Accounting, FMR Product and Board Support, FIAM client account executives, FMTC account managers, and the Treasurer’s Office. This is a critical role in a fast-paced, evolving environment focused on precision in expense accruals, revenue billing, and invoice distribution.

Requirements

• Background in mutual fund industry, accounting, or finance (required)
• Knowledge of fund-level back-office operations, including expense caps, recoupments, and revenue share agreements
• Collaborative and positive leadership style
• Proven management experience
• Strong analytical and organizational abilities
• Strong written and verbal communication skills
• Proficiency in Microsoft Excel

Nice To Haves

• Bachelor’s degree (preferred)
• Familiarity with Alternative products (preferred)
• Experience working in an agile environment (preferred)
• Experience with Geneva and Geneva World Investor (preferred)

Responsibilities

• Lead a team responsible for the accurate setup, calculation, invoicing, and payment of expense accruals and disbursements related to our Alternative products.
• Oversee the calculation of Fidelity’s revenue from Alternative products, as well as from ’40 Act Funds, Institutional products, and other registered or non-registered funds.
• Ensure all deliverables meet regulatory and internal standards.
• Support financial statement preparation and internal/external audit reviews.
• Collaborate extensively with teams across FFIO, Corporate Finance and Accounting, FMR Product and Board Support, FIAM client account executives, FMTC account managers, and the Treasurer’s Office.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees