Alternative Fund Services - Vice President

Next Frontier Capital; Boston (MA); On-site; USD 140,000 - 180,000; Full time

Benefits offered by this job

Health care coverage

On-site health centers

Retirement savings plan

Tuition reimbursement

Mental health support

Financial coaching

Job summary

JPMorgan Chase & Co. is seeking an experienced Fund Accounting leader to manage a dedicated team, ensure client deadlines, and uphold internal controls across hedge and private equity fund accounting.

You will review NAV files, allocations, and fee calculations, interpret fund agreements, and develop training while driving efficiency and reducing risk for a global client base.

Qualifications

• Minimum 10 years of accounting experience, preferably including Public 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.
• 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.

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 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.

Skills

Accounting

Analytical thinking

Verbal communication

Written communication

Strategic thinking

Team player

Client service

Project leadership

Education

Bachelor's degree in Accounting/Economics/Finance

CA/CPA qualification

Tools

Investran

Job description

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)

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 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 FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

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. You will join the team that is driving the talent attraction for one of the world’s most innovative banks. Your principal responsibility is to review and manage client deliverables for our Alternative Fund Services (AFS) administration clients. You will be involved in daily client interactions where you will manage expectations, balance multiple priorities and work in a team setting to deliver accurate and timely reporting to clients and investors