VP, Asset Management and Portfolio Operations

Job Description

Note Fidelity will not provide immigration sponsorship for this position.

The Role

The position is responsible for leading many aspects of oversight governance and portfolio support to work with the team to manage a growing portfolio of privately held assets. This individual will be the primary coordinator of portfolio support which entails day-to-day operational requirements for a multi-billion portfolio working in partnership with the investment team and various shared resources in legal tax insurance risk treasury and audit. Second the position will support oversight of individual portfolio assets in collaboration with the investment team. The role will partner with the management teams of portfolio companies via board and observer seats. And third the position will support the development & communication of the investment strategy and performance for the natural resources platform. This role requires hands-on work day-to-day tactical responsibilities and a flexible can-do attitude.

This position will report to the Managing Director of the Natural Resources Platform. The platform consists of dozens of direct real asset investments and continues to add new exposures to its portfolio. As a result of this growth Devonshire is adding this new position. Primary responsibilities will include the following own day-to-day portfolio management oversee certain portfolio assets and support the development & communication of investment thesis strategy and performance.

The Expertise Were Looking For

Bachelors Degree required MBA or CFA preferred

Portfolio oversight or finance experience with Private EquityVenture Capital Funds with preference for experience in funds that focus on natural resources or real assets

Experience in or working with professionals in private markets investment management and supporting functions for portfolio management and oversight e.g. tax legal treasury finance compliance risk insurance either in internal shared-services roles or through third party providers

Ability to work within a matrixed reporting environment

The Skills You Bring

7-10 years experience as a vice presidentdirector at an institutionally scaled direct investment platform preferably in an institutional asset manager such as a large family office multi-family office or private equity General Partner

Prior experience in a private markets investing platform is a strong preference with experience in real assets desired e.g. natural resources or infrastructure

Direct experience in corporate governance roles such as serving as a advisory board member or representative

Strong financial and analytical skills capability to analyze financial statements and understand implications for the business

Gravitas to engage with portfolio company management partners and senior executives

A proven record of delivering results and demonstrating impact

Strong attention to detail sense of urgency ownership and execution orientation

Excellent oral and written communication skills ability to persuade through influence rather than directive

Willingness to travel approximately twice per month for company meetings andor industry conferences

The Value You Deliver

Partner with the investment team and operations teams on portfolio management and oversight

Serve as investor representative for individual holdings alongside fellow team members develop strong working relationships with management teams and investment partners

Manage all vendor and research provider contracts and relationships with additional administrative support

Manage and oversee platform of third-party Advisors. Build a robust ecosystem to better leverage expertise across the existing Advisor network.

Support special projects on portfolio strategy portfolio oversight and benchmarking

In coordination with investment team draftreview presentations to investment committees and certain other boardsgovernance groups on investment performance updates

Coordinate with internal corporate shared services and external service providers includingThe investment teamDevonshire professionals in HR finance legal and treasuryInternal Fidelity corporate shared services such as tax accounting finance legal risk audit compliance insurance etc.Third party consultantsadvisors for Fund-level activities such as PwC audit team valuation tax accounting etc.Third party asset managers for fund investments i.e. timber property managers managers of mineral & royalty assetsManagers staff and senior executives of portfolio companies

About Devonshire Investors

Devonshire Investors is a private investment firm affiliated with FMR LLC the parent company of Fidelity Investments. Headquartered in Boston Devonshire manages investments on behalf of FMR and its shareholders in businesses outside of the financial services industry.

Devonshire invests in directly-held real estate venture capital and later-stage private equity. Devonshire actively participates in its direct investments while leveraging expertise across a global platform in the United States Europe and Asia. The portfolio targets the real assets technology and life sciences sectors. Devonshire has over 20 billion in assets under management.

The Real Assets platform consists of holdings in natural resources real estate telecommunications and digital infrastructure. The platform comprises direct investments wholly-owned operating companies and dedicated vehicles for minority equity investments. Additional operating platforms and direct minority equity investments may be launched and added to this platform over the coming years.

Fidelitys Onsite Working Model

Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently some roles and locations require 100 onsite presence while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

The base salary range for this position is 185000 - 265000 per year. Placement in the range will vary based on job responsibilities and scope geographic location candidates relevant experience and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements the offer package may also include bonus or other variable compensation. We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support market-leading retirement generous paid time off and parental leave charitable giving employee match program and educational assistance including student loan repayment tuition reimbursement and learning resources to develop your career. Note the application window closes when the position is filled or unposted.

Please be advised that Fidelitys business is governed by the provisions of the Securities Exchange Act of 1934 the Investment Advisers Act of 1940 the Investment Company Act of 1940 ERISA numerous state laws governing securities investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations including FINRA among others. Those laws and regulations may restrict Fidelity from hiring andor associating with individuals with certain Criminal Histories.

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Company overview

Company overview

At Fidelity we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experience.

Reasonable accommodations

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 accommodationsfmr.com or by calling 800-835-5099 prompt 2 option 3.

Equal opportunity employer

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.

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At Fidelity we value honesty integrity and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal civil litigations and regulatory review employment education and credit review role dependent. These investigations will account for 7 years or more of history depending on the role. Where permitted by federal or state law Fidelity will also conduct a pre-employment drug screen which will review for the following substances Amphetamines THC marijuana cocaine opiates phencyclidine.

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