Asset Management - Private Equity Client Operations Associate - Associate

Aumni; New York (NY); On-site; USD 70,000 - 100,000; Full time

Job summary

TwinThread is seeking an associate to join its Information Management Group in New York. This role involves managing client portfolios for private equity funds, evaluating investment information, and supporting portfolio managers. The associate will analyze transaction activity, prepare financial reports, and develop workflows for transaction reporting. Candidates should have over 3 years of experience in accounting with private equity exposure, a Bachelor's in accounting or equivalent, and strong analytical and communication skills.

Qualifications

• 3+ years of accounting and operational experience, specifically in private equity.
• Knowledge of private equity transactions and management fee calculations.

Responsibilities

• Analyze transaction activity to ensure proper action.
• Prepare monthly/quarterly reports as required.
• Reconcile transaction activity between custodian and reports.

Skills

Strong communication skills

Spreadsheet expertise

Analytical skills

Team-oriented

Ability to work independently

Education

Bachelor's degree in accounting or equivalent

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 workflow 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 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 FAQ for more information about requesting an accommodation.

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