Securities Services - Alternative Fund Services - Associate

JPMorgan Chase & Co.; Boston (MA); On-site; USD 85,000 - 110,000; Full time

Job summary

JPMorgan Chase & Co. seeks an Associate in its Alternative Fund Services group in Boston.

The role involves maintaining books and records for Hedge/Hybrid and Private Equity funds, preparing NAVs, fee calculations, and capital calls, while coordinating with Investor Relations and other internal teams to meet SLAs. Qualified candidates have a bachelor’s in accounting/finance, 3+ years of accounting experience, and strong Excel skills, with knowledge of US GAAP for investment funds and PE/hedge

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 and ability to manage multiple priorities.
• Strong interpersonal and client service skills.
• Proficiency in Microsoft Excel and MS Office.

Responsibilities

• Maintain the books and records of Hedge/Hybrid and Private Equity funds.
• Review fund governing documents and ensure correct set-up and maintenance of fund structures and investments in accounting database.
• Prepare and review periodic Net Asset Valuations, management fee and carried interest/performance fee calculations, investor allocations and capital account statements.
• Prepare and review capital call and distribution calculations including investor notices and reconcile call proceeds and distribution payments.
• Coordinate with Investor Relations and quarterly reporting on investor reporting portal.
• Liaise with risk, control groups, audit, tax, compliance, implementation and investor relations.

Skills

Accounting knowledge

Analytical thinking

Client service

Communication

Team player

Education

Bachelor’s Degree in Accounting, Finance or related field

Tools

MS Excel

Microsoft Office

Accounting database software

Investran

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