The team liases constantly with fund managers and custodians. Skills required are knowledge of financial markets, attention to detail, numeracy and the confidence to chase fund managers and custodians. The work includes adding new brokers, new funds or securities, as well as fund set up. 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.