Alternative Fund Services - Fund Accounting - Associate

Next Frontier Capital; Toronto; On-site; CAD 70,000 - 120,000; Full time

Job summary

JPMorganChase, a leading global financial institution, seeks an Alternative Fund Services - Associate to maintain books and records for Hedge/Hybrid and Private Equity funds. You will deliver NAVs, fee calculations, and investor reporting within SLA timelines, collaborating with Investor Relations and risk/control groups.

The role demands a strong foundation in accounting principles, fund structures, and rigorous controls, supported by experience in a fund administration environment.

Qualifications

• Bachelor’s Degree in Accounting, Finance, or related field.
• 3+ years’ experience in an accounting role, preferably at a Big 4, PE firm, or fund administrator.
• Knowledge of US GAAP for Investment Funds; familiar with Private Equity & Hedge fund structures.
• Analytical problem solver with strong attention to detail under pressure; able to balance priorities.
• Strong organizational, interpersonal, communication, and client service skills.
• Proficient in Microsoft Office with strong MS Excel; CA/CPA and Investran experience is a plus.

Responsibilities

• Maintain books and records of Hedge/Hybrid and Private Equity funds.
• Review governing documents and ensure correct fund set-up in the accounting database.
• Prepare/review periodic NAVs, management and performance fee calculations, investor allocations, and capital statements.
• Prepare/review capital calls and distributions and reconcile proceeds.
• Coordinate with Investor Relations to release capital notices and deliver quarterly reporting via the investor portal.
• Liaise with internal/external stakeholders to manage expectations and SLA timelines.

Job description

As an Alternative Fund Services - Fund Accounting - Associate within Alternative Fund Services, you will maintain books and records for Hedge/Hybrid and Private Equity funds and ensure accurate fund set-up and ongoing maintenance in the accounting database in line with governing documents. You will deliver NAVs, fee calculations, capital activity, and investor reporting to SLA timelines while partnering with Investor Relations and internal/external stakeholders within the control framework.

Job Responsibilities

• You will maintain the books and records of Hedge/Hybrid and Private Equity funds.
• You will review fund governing documents and related agreements and ensure correct set-up and maintenance of fund structures and investments in the accounting database.
• You will prepare and/or review periodic NAVs, 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).
• You will prepare and/or review capital call and distribution calculations (including investor notices) and reconcile call proceeds and distribution payments.
• You will coordinate with Investor Relations to release capital notices and deliver quarterly reporting via the investor reporting portal.
• You will manage client expectations and SLA timelines across deliverables and ad hoc requests by partnering with your manager, team, and support functions, and you will liaise with internal/external stakeholders (including risk and control groups, audit, tax, compliance, implementation, and investor relations).

Required Qualifications, Capabilities and Skills.

• Bachelor’s Degree in Accounting, Finance, or a related field.
• 3+ years’ experience in an accounting role, preferably at a Big 4, PE firm, or fund administrator.
• Knowledge of US Generally Accepted Accounting Principles for Investment Funds and you are familiar with Private Equity & Hedge fund structures.
• Analytical problem solver with strong attention to detail and the ability to work under pressure and balance multiple priorities.
• Team player with strong organizational, interpersonal, communication, and client service skills, and you can see projects through to completion.
• Proficient in Microsoft Office with strong MS Excel skills; a professional accounting qualification (CA, CPA) and experience with Investran (or similar) are a plus.

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

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.

J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Promote fund accounting, valuations, capital activity, and investor reporting while maintaining precise, compliant records.