Securities Services - Fund Accounting - Vice President

JPMorgan Chase & Co. • Boston, MA

6h • Onsite

About The Position

J.P. Morgan Alternative Fund Services (“AFS”) is part of the Securities Services business group in the Corporate & Investment Bank, administering over $950 billion in assets globally. Launched in November 2005, the AFS business has over 950 dedicated professionals across multiple international offices, providing administration services to more than 150 clients across all alternative asset classes. As a Private Equity Fund Admin VP within the client administration team, you will be responsible for supporting all aspects of daily client deliverables for Private Equity fund administration clients. This includes maintaining books and records, computing Net Asset Valuations, preparing financial statements, assisting with capital events, calculating management fees and carried interest, allocating investor capital and statements, releasing investor reports, and coordinating the year-end process with audit and tax teams. The role also involves managing client expectations and deliverable timelines in line with SLAs, and ensuring prompt resolution of client issues and escalations. A solid understanding of Private Equity fund structures, proficiency in accounting for complex transactions, and comprehensive knowledge of fund governing documents are essential for this role.

Requirements

• A professional accounting qualification (CA, CPA) combined with 8+ years of experience working with Private Equity funds in a fund administration or related capacity
• Knowledge of US GAAP for Investment Funds and a thorough understanding of Private Equity fund structures
• Bachelor’s Degree in Accounting, Finance, or MBA
• Ability to work under pressure to meet tight deadlines and balance multiple priorities
• Strong attention to detail and a hands-on approach
• Team player with excellent problem solving, communication, and client service skills as well as the ability to take ownership and manage projects
• Proficiency in Microsoft Office product suite and advanced MS Excel skills

Nice To Haves

• Strong knowledge of Investran or similar integrated Private Equity system a plus
• Investment fund audit experience with a Big 4 firm a plus

Responsibilities

• Support all aspects of client deliverables for Private Equity fund administration clients, including client expectations, timelines, and issue resolution
• Stay abreast of industry standards and best practices while seeking opportunities to enhance operational efficiency and mitigate operational risks
• Liaise with support functions and internal stakeholders including risk and control groups, audit, compliance, implementation, investor relations, and operations
• Ensure adherence to control framework including prescribed policies and procedures
• Participate in ad hoc client projects and internal initiatives
• Assist in mentoring and developing staff resources while providing oversight on technical topics and client-related issues
• Review fund governing documents, side letters, and agreements to determine impact on reporting deliverables and ensure adherence

Benefits

• competitive total rewards package including base salary determined based on the role, experience, skill set and location
• 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
• comprehensive health care coverage
• on-site health and wellness centers
• a retirement savings plan
• backup childcare
• tuition reimbursement
• mental health support
• financial coaching

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees