Securities Services - Alternative Fund Services - Associate

Testing Site - JPMC; Boston (MA); On-site; USD 80,000 - 110,000; Full time

Job summary

J.P. Morgan Alternative Fund Services seeks an Associate to manage books and records for Hedge/Hybrid and Private Equity funds, review governing documents, and prepare NAVs and fee calculations.

You will coordinate with internal teams and external stakeholders to ensure accurate reporting and adherence to controls. The role requires a Bachelor’s degree in accounting or finance and 3+ years in accounting, with strong Excel skills and knowledge of US GAAP for investment funds.

Qualifications

• Bachelor’s Degree in Accounting, Finance or related field.
• 3+ years’ experience in an accounting role.
• Knowledge of US GAAP for Investment Funds.
• Familiar with Private Equity & Hedge fund structures.
• Analytical thinker with attention to detail; able to work under pressure and balance priorities.
• Strong organizational, interpersonal, communication and client service skills with ability to see projects to completion.
• Proficiency in Microsoft Office and Excel.

Responsibilities

• Maintain the books and records of Hedge/Hybrid and Private Equity funds.
• Review fund governing documents and related agreements; ensure correct setup and maintenance of fund structures in accounting database.
• Prepare and/or review periodic Net Asset Valuations, management fee and carried interest calculations, investor allocations, and capital account statements.
• Prepare and/or review capital calls and distributions; reconcile calls and payments.
• Coordinate with Investor Relations; release capital notices and quarterly reporting on investor portal.
• Work with managers and teams to meet SLA timelines and ad hoc requests.
• Liaise with risk, audit, tax, compliance, and investor relations teams.

Skills

Accounting

Finance

US GAAP

Private Equity

Hedge funds

Analytical thinking

MS Excel

Team player

Communication

Client service

Education

Bachelor's Degree in Accounting, Finance or related field

Tools

Microsoft Excel

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:

• 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 withability 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