Posting Description
J.P. Morgan’s Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $29 trillion of assets under custody and $650 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extend liquidity in markets around the world.
J.P. Morgan Alternative Fund Services (“AFS”) is part of the Securities Services business group in the Corporate & Investment Bank and is one of the largest fund and portfolio administration businesses in the industry, administering over $950 billion in assets globally. The business was launched in November 2005 through the commercialization of the finance and technology teams supporting J.P. Morgan's various private equity and real estate entities. Our AFS business has over 950 dedicated professionals with offices in Dublin, London, Luxembourg, New York, New Jersey, Boston, Bangalore, Guernsey, Hong Kong, Jersey, Singapore, Toronto and Sydney. We provide administration services to more than 150 clients across all alternative asset classes.
Position Responsibilities
Manage a Fund Accounting team and ensure client deadlines are met and work executed in accordance with internal controls
- Prepare/Review of fund, share class, and investor allocations including calculations of management and performance fees/carry
- Prepare/Review Net Asset Value Files & Daily Profit & Loss
Interpret fund agreements to determine impact on fund set-ups, financial reporting requirements and NAV reporting
Maintain thorough knowledge of client base and industry standards (i.e., accounting, tax and legal) to serve and communicate with clients most effectively
Serve as senior client escalation; anticipate and proactively communicate resolution of issues to clients
Assist with/lead training initiatives. Manage team capacity, budgets and cross training plans.
Lead and work on special projects, new client/fund onboardings & internal investment initiatives
- Streamline operational processes to reduce risk and improve efficiency
Required qualifications, capabilities, and skills
- Minimum 10 years of accounting experience, preferably including Public Big 4 and partnership or hedge/private equity fund accounting
- Thorough knowledge of the hedge/PE Fund environments including accounting for investor allocations, share classes, and complex investment and securities processing
- Bachelor’s degree in Accounting, Economics or Finance preferred
- Must be innovative and analytical, with excellent verbal and written communication skills
- Strategic thinker with proven track record
- Must have team player instincts with the ability to see a project to conclusion with little follow-up
- Excellent client service orientation and proven ability to deal with demanding clients
Preferred qualifications, capabilities, and skills
- Professional accounting qualification (CA, CPA) a plus
- Experience with Investran or similar integrated Private Equity system a plus
- Familiarity and experience with private equity concepts (e.g. waterfall calculations, capital call/distribution processing, PE investment structures)
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We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Skills Required
- Minimum 10 years of accounting experience, preferably including Big 4 and partnership or hedge/private equity fund accounting
- Thorough knowledge of hedge/PE fund environments including accounting for investor allocations, share classes, and complex investment and securities processing
- Prepare/Review fund, share class, and investor allocations including calculations of management and performance fees/carry
- Prepare/Review Net Asset Value files and Daily Profit & Loss reporting
- Interpret fund agreements to determine impact on fund setups, financial reporting requirements and NAV reporting
- Excellent verbal and written communication skills and strong client service orientation
- Ability to manage team capacity, budgets, training, and serve as senior client escalation
- Bachelor's degree in Accounting, Economics or Finance
- Professional accounting qualification (CA, CPA)
- Experience with Investran or similar integrated private equity system
- Familiarity with private equity concepts (waterfall calculations, capital call/distribution processing, PE investment structures)
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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