Cash Analyst recruitment

Fidelity and its subsidiaries employ over 5,400 people in 23 countries managing US$255.9 billion worldwide.

Fidelity’s investment style relies on fundamental research of companies and a strict bottom-up portfolio construction discipline. This means Fidelity’s analysts and portfolio managers look closely at a company’s balance sheet and future plans; meet regularly with and question its management; and then speak to its competitors, suppliers, customers and anyone else who might give them information that helps to assess whether the investment is a good one. Every investment in every portfolio is selected on its merit and ability to contribute to a better return.

The same can be said of its employees, who are encouraged to take intelligent risk in order to make small improvements that cumulatively improve the business. Fidelity is independent, not a subsidiary of a big bank or other institution, and is privately owned. This means that it can take long-term investment decisions rather than chase the next quarterly results as a listed company might. Fidelity believes its independence is a considerable advantage that benefits its customers. 

As well as investment management, Fidelity distributes the funds of other managers through its FundsNetworkTM platform, administers pension schemes, and has interests in various other enterprises in Europe and Asia. For further information please visit www.fidelityrecruitment.com

Department

Investment Administration

Responsible for processing corporate actions, pricing securities, settling trades and maintaining static data for all FIL funds outside of Japan; and fund accounting and reconciliation of all pooled funds in the UK and Luxembourg.  The department processes 180 corporate actions a month, prices 10,500 securities and settles 3,500 trades a day.  In addition, the department calculates the Net Asset Values for funds worth in excess of $180 billion every day.

Investment Administration is based in 2 sites, UK and Luxembourg.

Cash and Control

Responsible for management and control of exceptions arising from the cash and securities reconciliations. In addition to transaction processing and analysis and resolution of exceptions, the emphasis is on the production and analysis of various exception reports. Very much a team environment which is fast paced and deadline driven, with a number of additional tasks ranging from compilation and analysis of control reports to reconciliation of treasury cash positions. The jobholder will be responsible for the reconciliations of a group of funds and a variety of additional tasks which will include using Excel spreadsheets, receiving and acting upon various email instructions and liaising by telephone and in person with the Custodian banks and other departments such as Corporate Actions, Trade Settlements etc.

Purpose of your role

The team is responsible primarily for the daily reconciliation of fund cash transactions and balances and the weekly reconciliation of stock holdings back to the custodian bank records.  Any exceptions arising from these reconciliations are then duly investigated by the team.

Your key accountabilities

• Perform daily cash reconciliations for Fidelity’s funds using Checkfree software

• Perform weekly securities reconciliations for Fidelity’s funds

• Identification, analysis and resolution of exceptions in a timely manner

• Post entries to accounting system that have not been automatically generated

• Generate management and control reports and perform analysis of same

• Perform general administrative tasks

• Perform additional reconciliations related to sensitive currencies

• Collate month-end reporting and statistical information

• Post entries to manual spreadsheets as appropriate

• Participation in projects as directed

Your skills and experience

• Strong analytical skills with an enquiring mind. 

• Good interpersonal skills including effective verbal and written communications. 

• Excellent attention to detail. 

Essential skills

• Accurate and numerate

• Good PC skills including Excel and Outlook

• Strong analytical and investigations skills

• Team player with flexible attitude and open and enquiring mind

• Ability to effectively prioritise work in a multiple task environment with critical, inflexible deadlines

• Willingness to work additional hours and bank holidays as the business dictates

Desirable skills

• Previous experience in a similar job role for a large corporate organisation

• Educated to A Level standard