Asset Management - Private Equity Middle Office, Associate

JP Morgan Chase - New York, NY (30+ days ago)3.9


Company Overview

J.P. Morgan Asset Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.

JPMorgan Asset Management Operations is located on the Morgan Christiana Campus in Newark, Delaware. The group is made up of roughly 100 employees performing support functions for the Front and Middle Office groups that are located in New York, NY and Columbus, Ohio. Functions in Investment Management Operations include Portfolio Services, Cash Operations, Reconciliations, Fee Billing and Reporting.

The Private Equity Operations (PE Ops) group is responsible for oversight of the accounting and financial statement reporting functions for the JP Morgan Asset Management Private Equity Funds. The role will be tasked with ensuring the group's accounting and reporting functions are operating efficiently by working closely with members of the PE Ops team and the business to ensure deadlines and deliverables are met.

Job description

  • Review of quarterly and annual financial statements (and footnotes).
  • Vendor management (fund administrator, custodian, auditor, etc.),
  • Budget/accrual analysis and invoice payments.
  • Review of monthly trial balances, management fees calculations, and carried interest calculations.
  • Review of monthly capital activity in the internal accounting system.
  • Assisting in the management of the annual audit process.
  • Assisting the business unit (and the fund administrator and custodian) in new Fund launches and other account infrastructure initiatives.
  • Participate in technology initiatives
  • Ad hoc requests and projects.
Skills

Excellent communication skills, both written and oral, including the ability to interact with all levels of the organization.
A strong understanding of Private Equity financial statements and related disclosures.
Strong problem solving, analytical, and decision making abilities.
Ability to multi-task and prioritize work in a deadline oriented environment.
Ability to think about processes and impacts in a non-linear fashion.
Detail oriented including strong documentation skills.
Desire to “roll up your sleeves” and work independently and as a team player.
Ability to adapt to a rapidly changing business and technical environment.
Proficient in Microsoft Excel and Word.
Qualifications

Bachelor's Degree in Accounting, Business Administration, or Finance.
At least 2-3 years of previous Private Equity accounting experience from a fund administrator, or other relevant financial services experience.
Strong experience in Private Equity accounting practices, management fee calculations, waterfall calculations, etc.
Self motivated and proactive with the ability to work independently as well as be able to effectively work on a team.