Asset Management - Real Estate Fund Controller

JPMorganChase; New York (NY); On-site; USD 110,000 - 130,000; Full time

Job summary

A leading global alternatives manager is seeking an Asset Management - Real Estate Fund Controller. The role involves financial oversight of managed accounts, ensuring compliance with policies, and collaborating with a seasoned team to optimize financing strategies.

Benefits

Comprehensive health care coverage

Retirement savings plan

Tuition reimbursement

Mental health support

Financial coaching

Qualifications

• Minimum of 10 years of Accounting experience.
• Experience coaching and mentoring peers and audit team.

Responsibilities

• Review and analyze property financial information.
• Manage month-end and quarterly financial reporting.
• Prepare cash flow and return on investment analyses.

Skills

Accounting

Analytical

Problem Solving

Education

Bachelor’s degree with a major in Accounting

Certified Public Accountant (C.P.A.)

Job description

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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.

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

• Review and analyze property financial information. Ensure that all investments are accounted for in accordance with current policies and procedures as well as GAAP and review management agreements, loan documents, and partnership agreements to ensure Fund’s compliance.
• Manage the month-end and quarterly pricing, financial reporting and accounting of real estate Funds (with some oversight of individual direct real estate assets). Produce quarterly/annual reports for Fund. Responsible for quarterly debt mark-to-market process. Prepare covenant analyses for third party debt/lines of credit
• Prepare and review cash flow, profitability and return on investment analyses used for portfolio management decision-making and oversight of payments made at the fund level, in addition to treasury maintenance (includes tax payment process). Field questions and run analyses for the Fund’s Portfolio Manager and Director of Finance
• Oversee third parties monitoring their compliances with responsibilities, audits, budgets and deadlines.
• Oversee payments made at the fund level, in addition to treasury maintenance (includes quarterly tax payment process).
• Develop and maintain relationships for all internal and external clients and consultants.
  
  

Required Qualifications, Capabilities And Skills

• Minimum of 10 years of Accounting experience
• Bachelor’s degree with a major in Accounting
• Certified Public Accountant (C.P.A.)
• Experience coaching and mentoring peers and audit team
• Strong accounting, analytical and problem-solving skills
• Understanding of investment structures, waterfalls, mortgage documents, development agreements, partnership agreements, and purchase and sale agreements.
  
  

Preferred Qualifications, Capabilities And Skills

• Real Estate accounting experience preferred
  
  

ABOUT US

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

About The Team

J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

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