Securities Services - Private Equity Fund Administration - Associate

JPMorganChase; New York (NY); On-site; USD 80,000 - 100,000; Full time

Benefits offered by this job

Comprehensive health care coverage

Retirement savings plan

Tuition reimbursement

Job summary

JPMorgan Chase is seeking a Private Equity Fund Admin Associate to support the management of daily client deliverables for Private Equity fund administration clients. You'll handle financial statements, valuations, and coordinate with audit teams. The ideal candidate will have a professional accounting qualification (CA, CPA) and 4+ years of relevant experience.

You'll work closely with various internal stakeholders and ensure adherence to fund structures and reporting deliverables. This role offers comprehensive benefits, including health care coverage and retirement savings plans.

Qualifications

• 4+ years of experience in fund administration or related capacity.
• Ability to work under tight deadlines and manage multiple priorities.
• Strong attention to detail and collaborative management style.

Responsibilities

• Support client deliverables for Private Equity fund administration.
• Liaise with internal stakeholders and support functions.
• Review fund governing documents and ensure adherence to reporting deliverables.

Skills

Professional accounting qualification (CA, CPA)

Experience working with Private Equity funds

Knowledge of US GAAP

Advanced MS Excel skills

Strong problem-solving skills

Excellent communication skills

Education

Bachelor's Degree in Accounting, Finance, or MBA

Job description

Job Summary

As a Private Equity Fund Admin Associate within our client administration team, you will support the management of daily client deliverables for Private Equity fund administration clients. Your responsibilities will include assisting with the upkeep of books and records, computation of Net Asset Valuations, preparation of financial statements, overseeing capital events, calculating management fees and carried interest, allocating investor capital and statements, releasing investor reports, and coordinating the year-end process with audit and tax teams. You will also assist in managing client expectations and deliverable timelines in line with SLAs, and ensuring prompt resolution of client issues and escalations. Your role will require a solid understanding of Private Equity fund structures, proficiency in accounting for complex transactions, and a comprehensive knowledge of fund governing documents.

Job Responsibilities

• Support all aspects of client deliverables for Private Equity fund administration clients including client expectations and timelines as well as any issues and escalations.
• Stay abreast of industry standards and best practices while continuously seeking opportunities to enhance operational efficiency and mitigate operational risks.
• Liaise with support functions and internal stakeholders including risk and control groups, audit, compliance, implementation, investor relations, and operations.
• Ensure adherence to control framework including prescribed policies and procedures.
• Assist in ad hoc client projects and internal initiatives.
• Collaborate with team members and contribute to staff development while providing oversight and supervision on technical topics and client-related issues.
• Review fund governing documents, side letters, and agreements to determine impact on reporting deliverables and ensure adherence.

Required Qualifications, Capabilities, And Skills

• A professional accounting qualification (CA, CPA) combined with 4+ years of experience working with Private Equity funds in a fund administration or related capacity.
• Knowledge of US GAAP for Investment Funds and a thorough understanding of Private Equity fund structures.
• Bachelor's Degree in Accounting, Finance, or MBA.
• Ability to work under pressure to meet tight deadlines and balance multiple priorities.
• Strong attention to detail and a collaborative management style.
• Team player with excellent problem-solving, communication, and client service skills as well as the ability to take ownership and manage projects.
• Proficiency in Microsoft Office product suite and advanced MS Excel skills.

Preferred Qualifications, Capabilities, And Skills

• Strong knowledge of Investran or similar integrated Private Equity system a plus.
• Investment fund audit experience with a Big 4 firm a plus.

Benefits

Compensation includes a base salary determined by role, experience, skill set, and location. Eligible employees may receive commission-based pay and/or discretionary incentive compensation. Benefits include comprehensive health care coverage, on-site health and wellness centers, 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.

Equal Opportunity and Non‑Discrimination

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