Fund Accounting is primarily responsible for signing off the fund prices each day on all FIL pooled funds. In addition, they are responsible for preparing semi-annual financial reports. Skills required are numeracy, attention to detail and the ability to work under pressure. Global Custody is responsible for reconciling cash and stock positions across all FIL pooled funds with the custodian banks. This involves identifying any items across the 2,000 plus accounts that do not match and then working with the departments to resolve the problem.
Key skills are numeracy, problem solving and attention to detail.
Operations Development manages product and system development projects and acts as liaison between Investment Administration, Systems and other Fidelity departments such as Product Development. In 2000, IA had over 100 projects to co-ordinate. Project management skills are critical, as is a good understanding of how work flows through all the different FIL departments. This team ensures that risk is managed well within the department and that all budgets are set and then met. An ability to question existing practices and to work with line managers to come up with new processes is key.