Alternative Fund Services - Fund Accounting - Associate

JPMorgan Chase & Co.; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

JPMorgan Chase & Co. seeks an Associate in Alternative Fund Services to maintain books and records for Hedge/Hybrid and Private Equity funds, ensuring accurate setup and ongoing maintenance in the accounting database.

The role delivers NAVs, fee calculations, capital activity, and investor reporting to SLA timelines while collaborating with Investor Relations and internal/external stakeholders within the control framework.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• 3+ years’ accounting experience, 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 detail orientation and ability to manage multiple priorities.
• Strong organizational, interpersonal, communication, and client service skills.
• MS Office proficiency; professional qualification (CA/CPA) and experience with Investran or similar are a plus.

Responsibilities

• Maintain books and records of Hedge/Hybrid and Private Equity funds.
• Review governing documents and ensure correct set-up and maintenance of fund structures and investments.
• Prepare/review NAVs, management fee and carried interest calculations, investor allocations, and capital statements.
• Prepare/review capital calls and distributions and reconcile proceeds and payments.
• Coordinate with Investor Relations to release capital notices and quarterly reporting via the investor portal.
• Manage client expectations and SLA timelines; liaise with risk, audit, tax, compliance, and other stakeholders.

Skills

Analytical

Attention to detail

Team collaboration

MS Excel

Communication

Accounting knowledge

Education

Bachelor's Degree in Accounting/Finance

Tools

Investran

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.