Firmwide Financial Controller - Equities - Associate

Socket.dev; Newark (DE); On-site; USD 110,000 - 160,000; Full time

Benefits offered by this job

Base salary information provided by EO

Discretionary incentive compensation

Health care coverage

On-site health and wellness centers

Retirement savings plan

Backup childcare

Tuition reimbursement

Mental health support

Financial coaching

Job summary

JPMorgan Chase & Co. in Newark, United States, is seeking an Associate within the Financial Control function focused on the equities business.

You will ensure the accuracy, integrity and timeliness of the firm’s books and records, with emphasis on GL, operating systems and infrastructure controls across the lifecycle of the business. The role involves owning GL balance sheets, reconciling variances, coordinating with line of business controllers, technology and operations, and preparing

Qualifications

• Bachelor’s degree required.
• Minimum 3+ years of related experience.
• Understanding of financial products and GL accounting.
• Experience with financial reporting and month-end close.
• Strong analytical and Excel/database skills.
• Excellent verbal and written communication.

Responsibilities

• Ensure accuracy and validity of GL balance sheet accounts and adherence to GLA standards.
• Adhere to P&L and Balance Sheet controls and identify efficiency opportunities.
• Analyze variances between GL and upstream systems and communicate findings.
• Collaborate with controllers, middle office, business managers, tech and operations.
• Understand end-to-end flow of trading activities and apply accounting policies for controls.
• Ensure integrity of income statement and balance sheet at close periods.
• Engage in line of business initiatives and be the control SME.
• Identify process or infrastructure enhancements with stakeholders.
• Prepare firm’s primary financial statements for earnings release and SEC filings.
• Oversee post-closing entries and consolidation adjustments.
• Perform control procedures to ensure integrity of results.

Skills

GL accounting

Financial product knowledge

Analytical skills

Excel / data skills

Communication skills

Multitasking

Stakeholder collaboration

Education

Bachelor’s degree

Job description

Join the Financial Control function team and primarily focus 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 a Firmwide Financial Controller - Equities - Associate within the Financial Control function 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).

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.

• base salary determined based on the role, experience, skill set and location.
• 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.
• 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.

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 ourFAQsfor more information about requesting an accommodation.

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

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.

Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.