Fund Accounting Associate - Alternative Funds & PE

J.P. Morgan; Boston (MA); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Health care coverage

On-site health centers

Retirement savings plan

Backup childcare

Tuition reimbursement

Mental health support

Financial coaching

Job summary

J.P. Morgan Alternative Fund Services (AFS) in Boston seeks an experienced fund accounting professional to maintain books for Hedge/Hybrid and Private Equity funds.

You will review governing documents, prepare NAVs, fee calculations, investor allocations, and capital statements within a strict control framework. The role requires 3+ years of accounting experience (Big 4/PE/fund admin preferred), GAAP knowledge for investment funds, and strong Excel skills.

Qualifications

• Bachelor’s Degree in Accounting, Finance or related field
• 3+ years’ experience in an accounting role, preferably at a Big 4, PE firm or fund administrator
• Knowledge of US Generally Accepted Accounting Principles for Investment Funds
• Familiar with Private Equity & Hedge fund structures
• Analytical thinker and problem solver with attention to detail
• Team player with strong organizational, interpersonal, communication and client service skills
• Proficiency in Microsoft Office product suite and strong MS Excel skills

Responsibilities

• Maintain the books and records of Hedge/Hybrid and Private Equity funds
• Review fund governing documents and other related agreements, and ensure correct set-up and maintenance of fund structures and investments in accounting database
• Prepare and/or review periodic Net Asset Valuations, management fee and carried interest/performance fee calculations, investor allocations and capital account statements in adherence with the control framework
• Prepare and/or review capital call and distribution calculations including investor notices and reconcile call proceeds and distribution payments
• Coordinate with Investor Relations, release of capital notices and quarterly reporting on investor reporting portal
• Work closely with manager, team and support functions to manage client expectations and ensure adherence to SLA timelines on client deliverables and ad hoc requests
• Liaise with support functions, internal & external stakeholders including risk and control groups, audit, tax, compliance, implementation and investor relations

Job description

J.P. Morgan Alternative Fund Services (AFS) in Boston seeks an experienced fund accounting professional to maintain books for Hedge/Hybrid and Private Equity funds.

You will review governing documents, prepare NAVs, fee calculations, investor allocations, and capital statements within a strict control framework. The role requires 3+ years of accounting experience (Big 4/PE/fund admin preferred), GAAP knowledge for investment funds, and strong Excel skills.