Duties: Responsible for the financial statement reporting process by coordinating efforts of clients, fund accounting, legal, auditors, and fund administration personnel. Responsible for the production of the Fund's annual and quarterly financial statements to clients, auditors, and investors. Review all financial statements including balance sheet, income statement, cash flow prior to release to clients and the auditors. Assist with audit coordination of the clients' annual reporting process by sharing draft financial statements, conducting calls with auditors and clients for audit inquiries and make changes in financial statements per auditor/client comments. Provide clients and auditors with appropriate supporting documentation for annual statements such as bank statements, cost report, asset valuation reports, and bank reconciliations and provide proper reasoning in case of any discrepancies. Responsible for attending onboarding calls with client service representatives for newly launched funds to understand fund structure, client requirements and financial reporting requirements. Keep track of new launches and fund liquidations. Assess the existing manual financial reporting processes, recommend automation solutions utilizing the Alteryx ETL tool, and comprehensively document the new procedures. Train Onshore and Offshore Partners on fund structures and provide the logic needed to implement necessary changes, ensuring accurate client deliverables.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Analytics, Accounting, Data Analytics, Economics, Finance, or related field of study plus 3 years of experience in the job offered or as Product Associate, Product Analyst, Assistant Manager, Data Analyst, or related occupation. The employer will alternatively accept a Bachelor's degree in Analytics, Accounting, Data Analytics, Economics, Finance, or related field of study plus 5 years of experience in the job offered or as Product Associate, Product Analyst, Assistant Manager, Data Analyst, or related occupation.
Skills Required: This position requires three (3) years of experience with the following: Complex hedge fund structures including master-feeder arrangements, aggregators, side-pocket investments, parallel fund structures, multi- class share structures, and fund of funds portfolios; Handling complex consolidations and adapting to continuously evolving hedge fund structures to ensure accurate reporting and compliance under dynamic investment strategies; Building and maintaining dynamic dashboards by leveraging advanced data visualization and ETL automation using Alteryx and Confluence Unity. This position requires any amount of experience with the following: US GAAP, IFRS, and complex fund structures, including hedge funds, private equity funds, and hybrid vehicles to enable accurate and timely preparation of quarterly and annual financial statements; Handling fund of funds portfolios with layered investments by conducting sophisticated look-through analysis and the allocation of management and performance fees; Derivative instruments including swaps, futures, and options, and their impact on valuation, cost, and reporting; Hedge fund reporting requirement per Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC"), Financial Services-Investment Companies for FMV reporting (ASC 820), derivatives and hedging (ASC 815) and redemption adjustments (FAS 150); Investigating data gaps and discrepancies with client reports; Designing and developing interactive Excel and PDF reports with functionalities including VLOOKUP, HLOOKUP, XLOOKUP, pivot tables, data analysis add-ons, and VBA; Automating recurring reporting and dashboard production using ETL techniques and process automation to improve efficiency and accuracy.
Job Location: 70 Fargo Street, Boston, MA 02210.
Full-Time. Salary: $120,058.00-$150,000.00 per year.
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
- Master's degree in Analytics, Accounting, Data Analytics, Economics, Finance, or related field plus 3 years relevant experience OR Bachelor's degree plus 5 years relevant experience
- Minimum three years experience with complex hedge fund structures (master-feeder, side-pockets, parallel funds, multi-class shares, fund of funds)
- Experience handling complex consolidations and evolving hedge fund structures to ensure accurate reporting
- Experience building and maintaining dynamic dashboards and ETL automation using Alteryx and Confluence Unity
- Knowledge of US GAAP, IFRS, and relevant FASB ASC standards (ASC 820, ASC 815, redeeming adjustments)
- Experience with fund of funds look-through analysis and allocation of management and performance fees
- Knowledge of derivative instruments (swaps, futures, options) and their valuation and reporting impacts
- Strong Excel skills including VLOOKUP, HLOOKUP, XLOOKUP, pivot tables, data analysis add-ons, and VBA
- Experience investigating data gaps/discrepancies and providing supporting documentation for audits and financial statements
- Experience automating recurring reporting and dashboard production using ETL techniques and process automation
- Experience coordinating audits, sharing draft financial statements, and responding to auditor/client inquiries
- Ability to document procedures, recommend automation solutions, and train onshore and offshore partners
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 comprehensive, with on-site clinics, preventive care, and specialized supports such as maternity nurse guidance and fertility treatments. Wellness activities can help offset copays and out-of-pocket costs, reinforcing the perceived strength of health benefits.
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Retirement Support — A 401(k) with dollar-for-dollar matching and additional automatic pay credits reflect strong employer-backed retirement savings. An employee stock purchase plan and related financial programs further bolster long-term financial support.
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Leave & Time Off Breadth — Paid time off, sick time, holidays, and generous parental leave are provided alongside family medical leave and adoption/fertility assistance. Additional programs like caregiver support and volunteer time off expand the breadth of time-away options.
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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