Trust & Estates, Closely Held Asset Management - VP

Next Frontier Capital; Columbus (OH); On-site; USD 120,000 - 190,000; Full time

Benefits offered by this job

Competitive base salary

Commission-based pay possible

Discretionary incentive compensation

Health care coverage

Retirement savings plan

Backup childcare

Tuition reimbursement

Mental health support

Financial coaching

Job summary

JPMorgan Chase & Co. is seeking an experienced Asset Manager for its CHAM team to oversee a portfolio of closely held assets.

You will perform asset reviews, financial analysis, and valuation, while coordinating with executives, advisors, and clients on complex corporate actions to manage risk and opportunities. The role requires senior expertise in asset management, trusts & estates, and the ability to lead initiatives and mentor junior staff.

Qualifications

• Bachelor degree in Accounting, Economics, Finance or related field.
• Advanced degrees (JD, MBA, CFA, ASA, CPA, CTFA) are a plus.
• 5+ years closely held asset management or related finance experience.

Responsibilities

• Conduct asset reviews and financial analysis for closely held assets.
• Evaluate and approve key corporate actions and transactions.
• Interact with clients, trustees, and JPMorgan partners on asset management matters.
• Support governance and day-to-day asset administration tasks.

Education

Bachelor degree in Accounting, Economics, Finance

Advanced degrees and credentials

Tools

Microsoft Office

Job description

An Asset Manager on J.P. Morgan’s Closely Held Asset Management team (“CHAM”) provides asset management services for privately owned businesses (corporations, partnerships and limited liability companies) that are held within trusts and estates at J.P. Morgan. Each Asset Manager is responsible for overseeing a portfolio of approximately 75 – 120 closely held assets, depending on complexity.

Responsibilities include conducting asset reviews (including financial analysis and valuation) and evaluating, responding and approving key corporate actions (e.g., purchase and sale transactions) and other asset-related issues that may arise. Asset Managers participate in conference calls with executive management and advisors of the closely held companies in the Asset Manager’s portfolio, and interface with clients, trust beneficiaries and internal JPMorgan partners. You will be a senior asset manager having advanced subject matter knowledge and expertise in the management of specialty assets, and/or relevant experience in trusts & estates or business valuation. You must posses the ability to work independently, lead complex initiatives, provide guidance to less senior asset managers, and may have additional approval authority as assigned by the CHAM Regional Director or Team Lead.

Job Responsibilities

• Conduct due diligence on clients’ closely held business interests in support of the new business acceptance process
• Complete annual asset review and market value estimates, including completing company due diligence, management discussions, analyzing financial and operating performance, and determining marketability and holding recommendations in order to assess and manage risk and as a part of a comprehensive service for clients and beneficiaries
• Analyze financial reporting, business organizational documents, and complex legal documents
• Review key corporate actions, including shareholder votes/meetings, responding to proxy requests, and purchase and sale transactions
• Work with CHAM Regional Directors to address any company-specific issues that may arise
• Evaluate corporate governance frameworks and other key shareholder issues
• Day-to-day asset administration (tax and regulatory filings, organizing shareholder meetings, site visits, insurance, etc.)
• Participate in and help produce CHAM-specific training (valuation, asset management best practices, etc.)
• Work with CHAM Regional Directors and the CHAM Team Lead on various internal operational initiatives
• Develop external marketing materials and client pitches for new business opportunities
  Strategically consult with and develop business relationships with peers, colleagues, management, external parties(company management, CPAs, attorneys, business valuation professionals, etc) to achieve deliverables.
• Ensure compliance with banking regulations, policies, procedures, and J.P. Morgan standards
• Communicate analysis, recommendations, and decisions to internal and external stakeholders, professionals, and clients
  

Required Qualifications, Capabilities, and Skills

• Bachelor degree in Accounting, Economics, Finance, or other related field
• Advanced degrees and credentials are a plus (JD, MBA, CFA, ASA, CPA, CTFA, etc)
• 5+ years of closely held asset management experience preferred or equivalent experience obtained through related finance, accounting, business valuation, or trusts & estates experience
• Knowledge and understanding of finance, business valuation, and/or trusts & estates
• Detail oriented, with excellent organizational skills and strong oral and written communication skills
• Ability to work in a dynamic, team environment
• Willingness to research and understand unfamiliar topics and concepts such business, legal, and tax issues, and manage administrative and operational tasks as required
• Ability to confidently prepare and present to internal and external stakeholders
• Working knowledge of Microsoft Office (MS Word, Excel, and PowerPoint)
• Some travel may be required (less than 25%)

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 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

J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals. Conduct due diligence on clients’ closely held business interests in support of the new business acceptance process.