Director, Alternative Investments

Company: Fidelity Investments Inc.
Location: Durham
Posted on: May 25, 2023

Job Description:

Job Description:The RoleThe Director of Alternative Investments is a member of an investment oversight team working on behalf of the charity, and is responsible for working with external investment advisors to assess proposed investments in private equity, real estate, private credit, hedge fund, and other alternative and non-traditional investments. This individual will also work closely with external fund managers, general partners, and custodial staff to support the timely execution of alternative investment transactions. This position requires strong expertise in alternative investments and their role in a diversified portfolio. This role also requires strong communication skills, attention to detail, positive professional attitude, and ability to work in a dynamic team environment!The Expertise and Skills You Bring

• 10+ years' experience in alternative investments or private markets front or middle office, or in an investments role with proven ability to gain client trust
• MBA or graduate degree in finance, economics, or related field
• CFA and/or CAIA, or progress towards these certifications is preferred
• Strong understanding of alternative investments, including private equity, real estate, private credit, hedge funds, and other non-traditional investments
• Deep understanding of investment offering materials, including limited partnership agreements and subscription documents
• Experience with investment and operational due diligence
• Strong analytical skills; excellent verbal and written communication skills
• Experience identifying and maintaining sound internal controls and data quality environment
• Outstanding work ethic, attention to detail, team orientation, and dedication to excellence
• Phenomenal interpersonal skills, and ability to form and manage strong business relationships
• Experience with Advent, Bloomberg and alternative investment third party services is a plus
• Conduct due diligence reviews on proposed new alternative investments by applying a compliance-based lens against a set of established investment policies and guidelines
• Support new and existing advisor and donor relationships though consultative and solution-oriented discussions with advisors, donors, and with internal partners (relationship managers and fundraisers)
• Provide transaction support and oversight through analyzing, onboarding and maintaining complex, non-traditional investments that involve non-standard contracts, investment execution, wire instructions, valuation support, investment and operational due diligence reports, and documentation. Collaborate with internal legal and tax teams as needed to support a transaction.
• Provide in-depth analysis of portfolio and fund performance, risk, cash flows, and underlying fund and company investments
• Works with management to identify and implement opportunities to improve service quality and operating efficiency, optimize costs, and mitigate operational risk
• Serve as operational support for organizational strategic and departmental initiatives and projects
• Work collaboratively with internal auditors and other operation heads in crafting and maintaining a strong control environmentThe TeamFidelity Charitable is a 501(c)(3) public charity. We help donors enhance their generosity through our donor-advised fund, called the Giving Account. Established in 1991, we are the nation's top grantmaker, distributing $10.3 billion to charities in 2021. For more information about Fidelity Charitable, visit .Company CultureAt Fidelity, you can find it all here. We reward ambitious, passionate individuals with a work environment that fosters diversity, teamwork and collaboration as well as encourages innovative ideas and fresh thinking. We recognize the value that employees' individual differences can contribute to the forward-thinking and strong future of our company.Please see below for the salary range for work locations in Colorado only:N/APlease see below for the salary range for work locations in New York City, Westchester County, NY and Jersey City, NJ only:N/APlease see below for the salary range for work locations in California only:N/APlease see below for the salary range for work locations in Washington only:N/ACertifications:Company OverviewFidelity Investments is a privately held company with a missionto strengthen the financial well-being of our clients.We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients' money.Join UsAt Fidelity, you'll find endless opportunities to build a meaningful career that positively impacts peoples' lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a, we have been recognized by our employees as a Best Place to Work in 2023. And you don't need a finance background to succeed at Fidelity-we offer a range of opportunities for learning so you can build the career you've always imagined.At Fidelity, our goal is for most people to work flexibly in a way that balances both personal and business needs with time onsite and offsite through what we're calling "". Most associates will have a hybrid schedule with a requirement to work onsite at a Fidelity work location for at least one week, 5 consecutive days, every four weeks. These requirements are subject to change.We invite you toFind Your Fidelityat.Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to, or by calling 800-835-5099, prompt 2, option 3.

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