Asset Management - Private Equity Client Operations Associate - Associate

JPMorgan Chase & Co. • New York, NY

3h

About The Position

The JPMorgan Private Equity Group (PEG) is looking for an associate to join its
Information Management Group due to business growth. This role involves managing
client portfolios allocated to private equity funds and supporting portfolio
managers. Responsibilities include evaluating investment information,
coordinating activities, performing reconciliations, and preparing financial
reports. The associate will also develop workflows to ensure accurate and timely
transaction reporting, enhancing data integrity and resource allocation.

 The position will include responsibility and coordination across a group of
clients or portfolios.  The client and portfolio holdings consist of assets
allocated to private equity funds.   The associate will be responsible to
service the client needs and support the portfolio managers responsible for
investing the clients’ assets. The position will require the candidate to
evaluate information contained in correspondence from underlying investments,
review and approve transactions for the proper accounting/tax treatment,
co-ordinate activity, perform reconciliations and oversee the clients/portfolios
service providers (for example, the custodian), and prepare communications,
including financial reports, for the clients’ use.  The associate will assist in
the co-ordination of all activities with the client on behalf of the PEG, and
this may include transaction reporting, fee billing and performance reporting,
as examples.  It is expected the associate will develop appropriate work flows
to create a controlled environment to ensure all transaction activity and
reporting is captured in a complete, accurate and timely manner, which will
contribute to the reduction of work flow redundancy, the attribution of greater
data integrity and consistency, and the enhancement of personnel resource
allocation.

Requirements

• 3+ years of accounting and operational experience, with specific private equity exposure.
• Bachelor's degree in accounting or equivalent and knowledge of private equity transactions, management fee calculations.
• Strong communication, spreadsheet, and analytical skills
• Team-oriented with the ability to work independently.

Responsibilities

• Analyze transaction activity to ensure proper action in accordance with its instructions
• Communicate with private equity partnership any inconsistencies in correspondence and follow-up on missing or incomplete information
• Approve transactions captured in the front end system, Pegasus, and ensure transactions properly processed into proprietary private equity database, Private i
• Prepare separate transaction notification packet for clients’ custodian
• Disseminate the complete packet to custodian and internal users
• Reconcile transaction activity between custodian and Private i reports
• Identify, investigate and resolve discrepancies
• Respond to client and portfolio manager information requests
• Prepare monthly/quarterly reports as required in agreement with clients
• Disseminate reports to appropriate parties
• Liaise with custodian to ensure reconciliation of monthly/quarterly activity
• Evaluate investment performance and identify efficiencies in business processes to support growing business
• Assist CFO in management and reporting

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level