Fund Servicing [Multiple Positions Available]

JPMorgan Chase & Co.•Boston, MA

16h•$87,912 - $106,000•Onsite

About The Position

This role involves reviewing and delivering Net Asset Values (NAVs) reports to clients using exception-based accounting tools, reviewing alerts, and validating them to strike accurate NAVs. The position ensures checks are properly run and documented, collaborates with global cross-functional teams to resolve queries, and works with client servicing teams to drive solutions. Key responsibilities include creating, maintaining, and updating best practices for a consistent global operating model, training global teams, and collaborating with internal business and operational readiness teams during client mandate onboarding and liquidation. The role also focuses on identifying efficiencies and areas for improvement to reduce risk, reviewing hedge share classes to ensure hedging levels and class level NAVs are within client-specified tolerances, and driving resolution if necessary. Additionally, it involves daily review of Contract for Differences (CFDs) investments for accurate recording, assessing posted trades and potential impacts, and working with Global Derivatives Operations and Exchange Traded Derivatives teams for accurate recording of derivatives-related trades and associated reconciliations. The position requires updating swing factors to align with client requirements, determining if swing action is necessary for the fund, and reviewing next-day swing checks for accuracy. It also involves addressing audit-related queries, resolving aging cash and assets breaks with internal teams, advisors, and clients, and prioritizing NAV impacting breaks for resolution. The role includes determining and instructing necessary corporate actions to be booked, preparing weekly and monthly collateral for serviced funds, and running periodic tests conducted by the IT team to enhance new updates, providing feedback before implementation to ensure no lapses in client report delivery.

Requirements

Master's degree in Finance, Accounting, or related field of study plus 1 year of experience in the job offered or as Fund Servicing, Financial Analyst, or related occupation.
Alternatively, a Bachelor's degree in Finance, Accounting, or related field of study plus 3 years of experience in the job offered or as Fund Servicing, Financial Analyst, or related occupation.
Experience analyzing hedge levels and class level divergence for single currency and basket-hedged share classes.
Experience writing VBA macros in Excel for financial data.
Experience analyzing fixed income yield types for client amortization calculations, including YTM, YTC, and YTW and their impact on fund level yields.
Experience performing root cause analyses of calculation errors in fund level yields and fund net asset values, as well as developing resolutions to fix the issues.
Experience using Alteryx to drive process improvements and reduce repetitive tasks.
Experience evaluating mutual fund balance sheets and the impact of different factors on the net asset value of mutual funds.
Knowledge of corporate action types including stock splits, rights offerings, and mandatory exchanges, and assessing their impact on the net asset value of mutual funds.
Experience formatting and analyzing multi-year data sets using Running Invest One OLEs and reconciling broker statements.
Knowledge of fixed income, equity, CFD, and derivatives asset classes, including their transaction processes and methods for reconciliation.
Experience with Swing Pricing.
Experience with multi-manager fund structures and analyzing NAV reporting.
Experience using Microsoft Excel and exception-based accounting tools including the Invest One Exception Management System and Invest One OLE to identify, research, and validate fund exceptions.

Responsibilities

Review and deliver Net Asset Values (NAVs) reports to clients using exception-based accounting tools.
Review alerts and validate to strike accurate NAVs.
Ensure checks are properly run and documented.
Work with global cross-functional teams to resolve queries.
Work with client servicing teams to drive solutions.
Create, maintain, and update best practices to ensure a consistent global operating model and help train global teams.
Collaborate with internal business and operational readiness teams through onboarding and liquidation of client mandates.
Identify efficiencies and areas for improvement to reduce risk.
Review hedge share classes to ensure all hedging levels and class level NAVs are within client-specified tolerances, and drive resolution if necessary.
Review Contract for Differences (CFDs) investments daily to ensure accurate recording, and assess posted trades and potential impacts.
Work with the Global Derivatives Operations and Exchange Traded Derivatives teams to ensure accurate recording of all derivatives-related trades, and review associated reconciliations.
Update swing factors to align with client requirements and determine whether swing action is necessary for the fund.
Review next-day swing checks for accuracy and address audit-related queries.
Work with internal teams, advisors, and clients to resolve aging cash and assets breaks and action any NAV impacting breaks on priority to resolution.
Determine and instruct necessary corporate actions to be booked.
Prepare weekly and monthly collateral for serviced funds to compare statement balances and resolve differences.
Run periodic tests conducted by the IT team to enhance new updates and give appropriate feedback before it gets implemented making sure there are no lapses in reports getting delivered to the client.