Securities Services - Alternative Fund Services - Associate

JPMorgan Chase; Boston (MA); On-site; USD 76,000 - 135,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Tuition reimbursement

On-site wellness

Employee discounts

Job summary

JPMorgan Chase seeks an Associate for its Alternative Fund Services to manage books and records for Hedge/Hybrid and Private Equity funds, and to prepare NAVs and fee calculations. You will coordinate with Investor Relations and ensure timely reporting while aligning with internal controls.

The role emphasizes rigorous attention to detail, multi-project management, and strong stakeholder communication in a global fund administration business based in Boston.

Qualifications

• Bachelor's degree in accounting/finance or related field.
• 3+ years' accounting experience.
• Knowledge of US GAAP for Investment Funds.
• Familiar with Private Equity & Hedge fund structures.
• Strong analytical and communication skills.
• Proficiency with MS Excel and Office.

Responsibilities

• Maintain books and records of Hedge/Hybrid and Private Equity funds.
• Review fund governing documents and ensure correct setup in accounting system.
• Prepare and review periodic Net Asset Valuations, management fees, and performance fees.
• Prepare capital call and distribution calculations and investor notices.
• Coordinate with Investor Relations and quarterly reporting on investor portal.
• Collaborate with internal/external stakeholders to meet SLA timelines.

Skills

GAAP knowledge

Private Equity knowledge

Hedge fund structures

Analytical thinking

Multitasking

Communication & client service

Education

Bachelor's Degree in Accounting, Finance or related field

Professional accounting qualification (CA, CPA) a plus

Tools

Investran

MS Excel

Microsoft Office

Job description

As an Associate in J.P. Morgan Alternative Fund Services, you will be part of a dynamic team that administers over $950 billion in assets globally. You will maintain the books and records of Hedge/Hybrid and Private Equity funds, review fund governing documents, prepare and review periodic Net Asset Valuations, and coordinate with various internal and external stakeholders. This role provides an opportunity to enhance your accounting skills, work with a diverse team, and contribute to one of the largest fund and portfolio administration businesses in the industry.The business was launched in November 2005 through the commercialization of the finance and technology teams supporting J.P. Morgan's various private equity and real estate entities. Our AFS business has over 950 dedicated professionals with offices in Dublin, London, Luxembourg, New York, New Jersey, Boston, Bangalore, Guernsey, Hong Kong, Jersey, Singapore, Toronto and Sydney. We provide administration services to more than 150 clients across all alternative asset classes.

Job 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, including internal policies and procedures
• 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

Required qualifications, capabilities, and skills

(PGL(HU1)

• Bachelor's Degree in Accounting, Finance or related field
• 3+ years' experience in an accounting role
• 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, ability to work under pressure and balance multiple priorities
• Team player with strong organizational, excellent interpersonal, communication and client service skills with ability to see projects to completion
• Proficiency in Microsoft Office product suite and strong MS Excel skills

Preferred qualifications, capabilities, and skills

• Professional accounting qualification (CA, CPA) a plus
• Experience with Investran or similar integrated Private Equity system a plus
• Experience at a Big 4, PE firm or fund administrator

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

Base Pay/Salary

Boston,MA $76,000.00 - $135,000.00 / year