Securities Services - Private Equity Fund Administration - Associate

JPMorgan Chase & Co.; Tampa (FL); On-site; USD 85,000 - 125,000; Full time

Job summary

JPMorgan Chase & Co. invites applications for the Private Equity Fund Admin Associate within the client administration team.

You will help manage daily deliverables, including NAV computations, financial statements, capital events, fees and carried interest, investor reporting, and year-end coordination with audit and tax teams. The role requires a solid understanding of Private Equity fund structures, accounting for complex transactions, and familiarity with fund governing documents.

Qualifications

• CA/CPA with 4+ years of Private Equity fund experience required.
• Knowledge of US GAAP for Investment Funds and PE fund structures required.
• Bachelor’s degree in Accounting, Finance, or MBA required.

Responsibilities

• Support all aspects of client deliverables for Private Equity fund administration clients including timelines and issues.
• Monitor industry standards and implement process improvements to reduce operational risk.
• Coordinate with risk, audit, compliance, and operations teams on deliverables and controls.
• Ensure adherence to prescribed policies and procedures within the control framework.
• Assist in ad hoc client projects and internal initiatives.
• Provide oversight and mentorship on technical topics and client-related issues.
• Review fund governing documents and side letters to assess impact on reporting.

Skills

US GAAP for Funds

PE fund structures

Client service

Advanced Excel

Attention to detail

Team collaboration

Education

CA/CPA certification

Bachelor’s Degree in Accounting/Finance or MBA

Tools

Excel

Job description

J.P. Morgan Alternative Fund Services ("AFS") is part of the Securities Services business group in the Corporate & Investment Bank and is one of the largest fund and portfolio administration businesses in the industry, administering over $950 billion in assets globally. 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, Bangalore, Guernsey, Hong Kong, Jersey, Singapore, Toronto, and Sydney. We provide administration services to more than 150 clients across all alternative asset classes.

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.