Asset Management - Private Equity Client Operations Associate - Associate

Testing Site - JPMC; New York (NY); On-site; USD 100,000 - 150,000; Full time

Job summary

JPMorgan Private Equity Group (PEG) seeks an associate for its Information Management Group in New York. You will manage client portfolios allocated to private equity funds, evaluate information, coordinate activities, and prepare financial reports.

Responsibilities include developing workflows, performing reconciliations, and ensuring accurate transaction reporting to enhance data integrity and resource allocation. You will also support portfolio managers and CFO-related reporting.

Qualifications

• 3+ years of accounting and operational experience, with private equity exposure.
• Bachelor's degree in accounting or equivalent and knowledge of private equity transactions.
• Strong communication, spreadsheet, and analytical skills.
• Team-oriented with the ability to work independently.

Responsibilities

• Analyze transaction activity to ensure proper action in accordance with instructions.
• Communicate inconsistencies to the private equity partnership and follow up on missing information.
• Approve transactions captured in the front end system and ensure proper posting into Private i.
• Prepare transaction notification packets for clients’ custodian.
• Disseminate complete packets to custodian and internal users.
• Reconcile transaction activity between custodian and Private i reports.
• Identify, investigate and resolve discrepancies.
• Respond to client and portfolio manager information requests.
• Prepare monthly/quarterly reports as required in agreement with clients.
• Disseminate reports to appropriate parties.
• Liaise with custodian to ensure reconciliation of monthly/quarterly activity.
• Evaluate investment performance and identify efficiencies in business processes.
• Assist CFO in management and reporting.

Skills

Accounting

Private equity exposure

Communication

Analytical skills

Teamwork

Education

Bachelor's degree in Accounting

Tools

Pegasus

Private i

Job description

The JPMorgan Private Equity Group (PEG) is looking for an associate to join its Information Management Group due to business growth. This role involves managing client portfolios allocated to private equity funds and supporting portfolio managers. Responsibilities include evaluating investment information, coordinating activities, performing reconciliations, and preparing financial reports. The associate will also develop workflows to ensure accurate and timely transaction reporting, enhancing data integrity and resource allocation.

The position will include responsibility and coordination across a group of clients or portfolios.The client and portfolio holdings consist of assets allocated to private equity funds.The associate will be responsible to service the client needs and support the portfolio managers responsible for investing the clients’ assets. The position will require the candidate to evaluate information contained in correspondence from underlying investments, review and approve transactions for the proper accounting/tax treatment, co-ordinate activity, perform reconciliations and oversee the clients/portfolios service providers (for example, the custodian), and prepare communications, including financial reports, for the clients’ use.The associate will assist in the co-ordination of all activities with the client on behalf of the PEG, and this may include transaction reporting, fee billing and performance reporting, as examples.It is expected the associate will develop appropriate work flows to create a controlled environment to ensure all transaction activity and reporting is captured in a complete, accurate and timely manner, which will contribute to the reduction of work flow redundancy, the attribution of greater data integrity and consistency, and the enhancement of personnel resource allocation.

Job Responsibilities:

• Analyze transaction activity to ensure proper action in accordance with its instructions
• Communicate with private equity partnership any inconsistencies in correspondence and follow-up on missing or incomplete information
• Approve transactions captured in the front end system, Pegasus, and ensure transactions properly processed into proprietary private equity database, Private i
• Prepare separate transaction notification packet for clients’ custodian
• Disseminate the complete packet to custodian and internal users
• Reconcile transaction activity between custodian and Private i reports
• Identify, investigate and resolve discrepancies
• Respond to client and portfolio manager information requests
• Prepare monthly/quarterly reports as required in agreement with clients
• Disseminate reports to appropriate parties
• Liaise with custodian to ensure reconciliation of monthly/quarterly activity
• Evaluate investment performance and identify efficiencies in business processes to support growing business
• Assist CFO in management andreporting

Required Qualifications, Skills, and Capabilities:

• 3+ years of accounting and operational experience, with specific private equity exposure.
• Bachelor's degree in accounting or equivalent and knowledge of private equity transactions, management fee calculations.
• Strong communication, spreadsheet, and analytical skills
• Team-oriented with the ability to work independently.