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VP, Asset Management and Portfolio Operations

Fidelity Investments

VP, Asset Management and Portfolio Operations

full-timePosted: Aug 3, 2026Updated: Sep 2, 2026MA, Boston

Job Description

Job Description:Note: Fidelity will not provide immigration sponsorship for this position.The RoleThe 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 We’re Looking ForBachelor’s Degree required; MBA or CFA preferredPortfolio oversight or finance experience with Private Equity/Venture Capital Funds with preference for experience in funds that focus on natural resources or real assetsExperience 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 providersAbility to work within a matrixed reporting environment The Skills You Bring7-10 years’ experience as a vice president/director 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 PartnerPrior 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 representativeStrong financial and analytical skills; capability to analyze financial statements and understand implications for the businessGravitas to engage with portfolio company management, partners and senior executivesA proven record of delivering results and demonstrating impactStrong attention to detail, sense of urgency, ownership and execution orientationExcellent oral and written communication skills; ability to persuade through influence rather than directiveWillingness to travel approximately twice per month for company meetings and/or industry conferences The Value You DeliverPartner with the investment team and operations teams on portfolio management and oversightServe as investor representative for individual holdings alongside fellow team members; develop strong working relationships with management teams and investment partnersManage 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 benchmarkingIn coordination with investment team, draft/review presentations to investment committees and certain other boards/governance groups on investment performance updatesCoordinate with internal corporate shared services and external service providers including:The 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 consultants/advisors 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 assets)Managers, staff and senior executives of portfolio companiesAbout Devonshire InvestorsDevonshire 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.Fidelity’s Onsite Working ModelFidelity 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 $185,000 - $265,000 per year. Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s 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 Fidelity’s 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 and/or associating with individuals with certain Criminal Histories.Certifications:Category:Private Equity

Locations

  • MA, Boston

Salary

185,000 - 265,000 USD / yearly

Required Qualifications

  • Bachelor’s Degree required; MBA or CFA preferred (degree in cfa preferred)
  • Portfolio oversight or finance experience with Private Equity/Venture Capital Funds with preference for experience in funds that focus on natural resources or real assets (experience)
  • 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 (experience)
  • Ability to work within a matrixed reporting environment (experience)

Preferred Qualifications

  • Portfolio oversight or finance experience with Private Equity/Venture Capital Funds with preference for experience in funds that focus on natural resources or real assets (experience)
  • 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 (experience)
  • Ability to work within a matrixed reporting environment (experience)

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