Asset Management - Debt Fund Controller - Executive Director

JPMorgan Chase; New York (NY); On-site; USD 175,000 - 325,000; Full time

Job summary

An established industry player is seeking a Separate Accounts Real Estate Controller to join their dynamic financial management team. In this pivotal role, you will oversee financial reporting and compliance while collaborating with seasoned professionals in real estate financial analysis and accounting. Your expertise will contribute to managing multiple separately managed accounts and ensuring adherence to established policies and US GAAP. This is a fantastic opportunity to work in a supportive environment that values diversity and inclusion, offering a competitive rewards package and a chance to make a significant impact in the financial sector.

Benefits

Comprehensive health care coverage

On-site health and wellness centers

Retirement savings plan

Backup childcare

Tuition reimbursement

Mental health support

Financial coaching

Qualifications

• 2+ years of accounting experience with a focus on real estate.
• C.P.A. certification and strong analytical skills required.

Responsibilities

• Oversee financial reporting and accounting for REA Debt Funds.
• Collaborate with portfolio managers and third-party service providers.

Skills

Accounting experience

Real Estate accounting

Analytical skills

Problem-solving skills

Understanding of debt structures

Coaching and mentoring

Education

Bachelor's degree in Accounting

Certified Public Accountant (C.P.A.)

Job description

J.P. Morgan Asset Management, a leading global alternatives manager, offers innovative solutions backed by vast resources and robust governance. We provide customized alternative portfolios tailored to client needs, spanning real estate, private equity, credit, and more. Our Real Estate America's (REA) team manages commercial and residential real estate investments, controlling investment risk and optimizing financing strategies.

As a Separate Accounts Real Estate Controller within our dedicated financial management team, you will assist with the financial oversight of several separately managed accounts and targeted strategy funds. This includes meeting both client and internal reporting requirements. You will collaborate closely with a team of seasoned professionals, overseeing and participating in all facets of real estate financial analysis, accounting, taxation, treasury functions, internal controls, external auditors, and third-party service providers. Our team provides support to approximately 35 Real Estate Separate accounts.

Job Responsibilities

1. Financial Oversight:
   • Oversee and coordinate financial reporting, accounting, and treasury functions for all REA Debt Funds.
   • Manage the quarterly and annual financial statement process, ensuring compliance with REA's policies, procedures, and US GAAP.
2. Collaboration and Compliance:
   • Collaborate with other REA controllers to ensure adherence to REA's policies and US GAAP.
   • Work directly with the Portfolio Manager to address investor questions, strategy, liquidity, and ad hoc analyses.
3. Third-Party Coordination:
   • Oversee interactions with third-party fund administrators, auditors, tax practitioners, and legal counsel.
   • Monitor third-party compliance with responsibilities, audits, budgets, and deadlines.
4. Accounting and Control:
   • Identify and resolve accounting and control issues related to funds and investment strategies.
   • Ensure all investments comply with current policies, procedures, and GAAP.
5. Financial Analysis and Reporting:
   • Manage month-end and quarterly pricing, financial reporting, and accounting of the Funds.
   • Produce quarterly/annual reports and prepare covenant analyses for third-party debt/lines of credit.
6. Cash Flow and Treasury Management:
   • Prepare and review cash flow, profitability, and return on investment analyses for portfolio management.
   • Oversee fund-level payments and treasury maintenance, including the tax payment process.
7. Relationship Management:
   • Develop and maintain relationships with internal and external clients and consultants.
8. Team Support and Special Projects:
   • Demonstrate flexibility by supporting team roles and undertaking special projects as assigned.

Required qualifications, capabilities and skills

1. 2+ years of Accounting experience
2. Real Estate and debt accounting experience
3. Bachelor's degree with a major in Accounting
4. Certified Public Accountant (C.P.A.)
5. Experience coaching and mentoring peers and audit team
6. Strong accounting, analytical and problem-solving skills
7. Understanding of debt structures, modifications/extinguishment, amortizations, fair value, etc.
8. Understanding of waterfalls, mortgage documents, development agreements, partnership agreements, and purchase and sale agreements.

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 our FAQs for more information about requesting an accommodation.

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

Base Pay/Salary

New York, NY $175,800.00 - $325,000.00 / year