As an Associate in J.P. Morgan Alternative Fund Services, you will be part of a dynamic team that administers over $950 billion in assets globally. You will maintain the books and records of Hedge/Hybrid and Private Equity funds, review fund governing documents, prepare and review periodic Net Asset Valuations, and coordinate with various internal and external stakeholders. This role provides an opportunity to enhance your accounting skills, work with a diverse team, and contribute to one of the largest fund and portfolio administration businesses in the industry.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.
Job Responsibilities:
- Maintain the books and records of Hedge/Hybrid and Private Equity funds
- Review fund governing documents and other related agreements, and ensure correct set-up and maintenance of fund structures and investments in accounting database
- Prepare and/or review periodic Net Asset Valuations, management fee and carried interest/performance fee calculations, investor allocations and capital account statements in adherence with the control framework, including internal policies and procedures
- Prepare and/or review capital call and distribution calculations including investor notices and reconcile call proceeds and distribution payments
- Coordinate with Investor Relations, release of capital notices and quarterly reporting on investor reporting portal
- Work closely with manager, team and support functions to manage client expectations and ensure adherence to SLA timelines on client deliverables and ad hoc requests
- Liaise with support functions, internal & external stakeholders including risk and control groups, audit, tax, compliance, implementation and investor relations
Required qualifications, capabilities, and skills:[PGL(HU1]
- Bachelor’s Degree in Accounting, Finance or related field
- 3+ years’ experience in an accounting role
- Knowledge of US Generally Accepted Accounting Principles for Investment Funds
- Familiar with Private Equity & Hedge fund structures
- Analytical thinker and problem solver with attention to detail, ability to work under pressure and balance multiple priorities
- Team player with strong organizational, excellent interpersonal, communication and client service skills with ability to see projects to completion
- Proficiency in Microsoft Office product suite and strong MS Excel skills
Preferred qualifications, capabilities, and skills:
- Professional accounting qualification (CA, CPA) a plus
- Experience with Investran or similar integrated Private Equity system a plus
- Experience at a Big 4, PE firm or fund administrator
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
- Bachelor's Degree in Accounting, Finance or related field
- 3+ years' experience in an accounting role
- Knowledge of US Generally Accepted Accounting Principles for Investment Funds
- Familiarity with Private Equity and Hedge fund structures
- Analytical thinker and problem solver with attention to detail
- Ability to work under pressure and balance multiple priorities
- Team player with strong organizational, interpersonal, communication and client service skills
- Proficiency in Microsoft Office product suite and strong MS Excel skills
- Professional accounting qualification (CA, CPA)
- Experience with Investran or similar integrated Private Equity system
- Experience at a Big 4, private equity firm or fund administrator
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.
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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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