Product Associate [Multiple Positions Available]

JPMorgan Chase & Co.•Boston, MA

7d•$120,058 - $150,000•Onsite

About The Position

This role is responsible for the financial statement reporting process, coordinating efforts between clients, fund accounting, legal, auditors, and fund administration personnel. The Product Associate will produce the Fund's annual and quarterly financial statements for clients, auditors, and investors. Key responsibilities include reviewing financial statements (balance sheet, income statement, cash flow) before release, assisting with audit coordination by providing draft statements and addressing inquiries, and supplying supporting documentation such as bank statements, cost reports, asset valuation reports, and bank reconciliations. The role also involves attending onboarding calls for new funds to understand structures and reporting requirements, tracking new launches and fund liquidations, assessing and recommending automation solutions for manual reporting processes using Alteryx ETL, and training Onshore and Offshore Partners on fund structures and necessary changes for accurate client deliverables.

Requirements

Master's degree in Analytics, Accounting, Data Analytics, Economics, Finance, or related field of study plus 3 years of experience in the job offered or as Product Associate, Product Analyst, Assistant Manager, Data Analyst, or related occupation.
Alternatively, a Bachelor's degree in Analytics, Accounting, Data Analytics, Economics, Finance, or related field of study plus 5 years of experience in the job offered or as Product Associate, Product Analyst, Assistant Manager, Data Analyst, or related occupation.
Three (3) years of experience with complex hedge fund structures including master-feeder arrangements, aggregators, side-pocket investments, parallel fund structures, multi-class share structures, and fund of funds portfolios.
Three (3) years of experience handling complex consolidations and adapting to continuously evolving hedge fund structures to ensure accurate reporting and compliance under dynamic investment strategies.
Three (3) years of experience building and maintaining dynamic dashboards by leveraging advanced data visualization and ETL automation using Alteryx and Confluence Unity.
Any amount of experience with US GAAP, IFRS, and complex fund structures, including hedge funds, private equity funds, and hybrid vehicles to enable accurate and timely preparation of quarterly and annual financial statements.
Any amount of experience handling fund of funds portfolios with layered investments by conducting sophisticated look-through analysis and the allocation of management and performance fees.
Any amount of experience with derivative instruments including swaps, futures, and options, and their impact on valuation, cost, and reporting.
Any amount of experience with hedge fund reporting requirement per Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC"), Financial Services-Investment Companies for FMV reporting (ASC 820), derivatives and hedging (ASC 815) and redemption adjustments (FAS 150).
Any amount of experience investigating data gaps and discrepancies with client reports.
Any amount of experience designing and developing interactive Excel and PDF reports with functionalities including VLOOKUP, HLOOKUP, XLOOKUP, pivot tables, data analysis add-ons, and VBA.
Any amount of experience automating recurring reporting and dashboard production using ETL techniques and process automation to improve efficiency and accuracy.

Responsibilities

Responsible for the financial statement reporting process by coordinating efforts of clients, fund accounting, legal, auditors, and fund administration personnel.
Responsible for the production of the Fund's annual and quarterly financial statements to clients, auditors, and investors.
Review all financial statements including balance sheet, income statement, cash flow prior to release to clients and the auditors.
Assist with audit coordination of the clients' annual reporting process by sharing draft financial statements, conducting calls with auditors and clients for audit inquiries and make changes in financial statements per auditor/client comments.
Provide clients and auditors with appropriate supporting documentation for annual statements such as bank statements, cost report, asset valuation reports, and bank reconciliations and provide proper reasoning in case of any discrepancies.
Responsible for attending onboarding calls with client service representatives for newly launched funds to understand fund structure, client requirements and financial reporting requirements.
Keep track of new launches and fund liquidations.
Assess the existing manual financial reporting processes, recommend automation solutions utilizing the Alteryx ETL tool, and comprehensively document the new procedures.
Train Onshore and Offshore Partners on fund structures and provide the logic needed to implement necessary changes, ensuring accurate client deliverables.