Asset Management - Private Equity Client Operations Associate - Associate

J.P. Morgan; New York (NY); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Health care coverage

Retirement savings plan

Tuition reimbursement

Job summary

JPMorgan Chase & Co. is seeking an Associate for the Information Management Group within the JPMorgan Private Equity Group (PEG).

The role focuses on managing client portfolios allocated to private equity funds and supporting portfolio managers through analysis of investment information, reconciliations, and financial reporting. The associate will develop workflows to ensure accurate and timely transaction reporting, enhance data integrity, and optimize resource allocation across client

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 its instructions.
• Coordinate with clients and portfolio managers on information needs and discrepancies.
• Approve transactions captured in Pegasus and ensure proper posting to the Private i system.
• Prepare transaction notification packets for clients’ custodian and disseminate to internal users.
• Reconcile transaction activity between custodian and Private i reports and investigate discrepancies.
• Respond to client and portfolio manager information requests and prepare periodic reports.
• Prepare monthly/quarterly reports as required in agreements with clients and distribute to stakeholders.
• Evaluate investment performance and identify process efficiencies to support growing business.
• Assist CFO in management reporting and related activities.

Skills

Accounting experience

Private equity exposure

Analytical skills

Communication skills

Teamwork

Education

Bachelor's degree in accounting or equivalent

Tools

Pegasus

Private i

Excel

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, coordinate 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 coordination 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 workflows 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 and reporting

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.

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.

Join our team to support growth in private equity by managing information and collaborating with peers in a dynamic environment.