Firmwide Financial Control - Equities - Associate

JPMorgan Chase & Co.; Newark (DE); On-site; USD 90,000 - 130,000; Full time

Job summary

JPMorgan Chase & Co. is seeking an Associate for Financial Control in Newark, DE to safeguard the accuracy, integrity and timeliness of the firm’s books and records.

The role focuses on the general ledger, operating systems and infrastructure controls across the business lifecycle. You will work with line of business controllers, middle office, tech and operations to ensure accurate financial reporting, balance sheet substantiation and close processes.

Qualifications

• Bachelor’s degree in finance or accounting.
• 3+ years of related experience in financial control or accounting.
• Understanding of financial products and GL accounting."
• Experience with financial reporting and month-end close responsibilities.
• Strong analytical skills and ability to understand complex processing systems and interdependencies.
• Excellent Excel/desktop/database skills.
• Proactive communicator with strong written and verbal skills.
• Ability to work with diverse teams and manage multiple priorities.

Responsibilities

• Ensure accuracy and validity of GL balance sheet accounts per GLA standards.
• Maintain adherence to P&L and balance sheet controls; identify efficiency opportunities.
• Analyze variances between GL and upstream systems and communicate findings.
• Collaborate with line of business controllers, middle office, business managers, tech and ops.
• Understand end-to-end trading flow and apply accounting policies to strengthen controls.
• Ensure integrity of income statement and balance sheet at month/quarter/year-end.
• Lead line of business initiatives and be the financial control SME.
• Proactively identify process or infrastructure improvements and drive change.
• Prepare firm’s primary financial statements for earnings releases and SEC filings.
• Oversee post-closing entries and consolidation adjustments.
• Perform control procedures to ensure accurate financial results.

Skills

General Ledger

Financial reporting

Analytical skills

Spreadsheet skills

Communication skills

Time management

Problem solving

Education

Bachelor's degree

Tools

ERP systems

GL software

Reporting tools

Job description

Join the Financial Control team, primarily focused on ensuring the accuracy, integrity and timeliness of the firm’s books and records with an emphasis on general ledger, operating systems and infrastructure controls across the entire lifecycle of the business.

As an Associate within the Financial Control team, you are primarily focused on ensuring the accuracy, integrity and timeliness of the firm’s books and records with an emphasis on general ledger, operating systems and infrastructure controls across the entire lifecycle of the business. Some of the most common functions and activities that are owned by Financial Controllers are MTD PL reconciliations, balance sheet reconciliation, balance sheet substantiation and GLRS reporting & governance, inter-entity control and governance, manual accounting / bookings to the GL, and operating systems and the month end close process & coordination.

Job Responsibilities:

• Ensure the accuracy and validity of line of business general ledger balance sheet accounts, including adherence to the firmwide General Ledger Attestation (GLA) standards
• Ensure adherence to P&L and Balance Sheet controls owned by Financial Control, including identifying and implementing opportunities for efficiency
• Analyze, communicate, and resolve material variances between the general ledger and upstream systems, as defined by line of business
• Work closely with various line of business controllers, middle office, business managers, technology and operations
• Understand end-to-end flow of trading activities, booking models, product configurations, and trade economics to apply relative accounting policies and enhance control framework
• Ensure for the integrity and accuracy of line of business income statement and balance sheet at month, quarter, and year-ends
• Engage in line of business initiatives and projects, be the financial control subject matter expert
• Identify to proactively identify process and/or infrastructure enhancements and work with stakeholders to enact change
• Oversee preparation of the firm's primary financial statements at quarter-end for use in the earnings release and Securities Exchange Commission filings
• Control post-closing entries and consolidation adjustments
• Perform various control procedures to ensure the integrity of reported financial results and enhance the overall control environment

Required qualifications, capabilities, and skills:

• Bachelor’s degree
• Minimum 3+ years of related experience
• Understanding of financial products
• General Ledger accounting experience
• Experience with financial reporting and month end close responsibilities
• Strong analytical skills: Ability to quickly understand workings of a complex processing system and general ledger systems across the infrastructure and their interrelationships and dependencies
• Excellent desktop/spreadsheet/database skills
• Excellent organizational and problem-solving skills with an ability to multi-task
• Excellent verbal and written communication skills
• Ability to build and maintain partnerships within the various product aligned businesses and across teams in finance, other accounting groups, ops, and tech
• Ability to critically challenge with the goal of identifying control issues

Preferred qualifications, capabilities, and skills:

• Existing relationships and networks within the firm's IB community an advantage

To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment-based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co. will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit, including optional practical training (OPT) or curricular practical training (CPT).