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.
The Private Equity Operations (PE Ops) group is part of JPMorgan Asset Management Operations and is responsible for oversight of the accounting and financial statement reporting functions for the JP Morgan Asset Management Private Equity Funds. As an Associate you will be supporting and managing the team to ensure 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.
Review of quarterly and annual financial statements (and footnotes)
Review of trial balances, management fees calculations, and carried interest calculations
Review of monthly capital activity in the internal accounting system
Vendor management (fund administrator, custodian, auditor, etc.)
Assisting in the management of the annual audit process
Participate in technology initiatives
Review invoices, expense allocations, and expense payments
Managing the team workflows and managing the stake holders
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.
Master’s Degree in Accounting, Business Administration, or Finance with 5 plus years of experience.
At least 3 – 5 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 manage a team.
Good communication skills and ability to communicate clearly and concisely.
Lead by initiative and out of the box thinking to address complex business issues.
Self starter able to prioritize key tasks effectively.
Ability to deliver under stiff deadlines and consistently produce high quality output.
Exposure of working in a global set up.