Securities Services - Alternative Fund Services - Vice President
About The Position
J.P. Morgan's Corporate & Investment Bank, a global leader in investment banking, wholesale payments, markets and securities services, manages $29 trillion of assets and $650 billion in deposits. As part of this, the Alternative Fund Services (AFS) administers over $950 billion in assets globally, providing administration services to more than 150 clients across all alternative asset classes. As a Vice President in J.P. Morgan's Alternative Fund Services, you will manage a Fund Accounting team, interpret fund agreements, maintain knowledge of client base and industry standards, serve as senior client escalation, assist with training initiatives, lead special projects, and prepare/review various financial documents. You will have the opportunity to streamline operational processes and work with a diverse range of clients across all alternative asset classes.
Requirements
- 10 years of accounting experience
- Thorough knowledge of the hedge/PE Fund environments including accounting for investor allocations, share classes, and complex investment and securities processing
- Bachelor's degree
- Must be innovative and analytical, with excellent verbal and written communication skills
- Strategic thinker with proven track record
- Must have team player instincts with the ability to see a project to conclusion with little follow-up
- Excellent client service orientation and proven ability to deal with demanding clients
Nice To Haves
- Professional accounting qualification (CA, CPA) a plus
- Bachelor's degree in Accounting, Economics or Finance preferred
- Experience preferably including Public Big 4 and partnership or hedge/private equity fund accounting
- Experience with Investran or similar integrated Private Equity system a plus
- Familiarity and experience with private equity concepts (e.g. waterfall calculations, capital call/distribution processing, PE investment structures)
Responsibilities
- Manage a Fund Accounting team and ensure client deadlines are met and work executed in accordance with internal controls
- Interpret fund agreements to determine impact on fund set-ups, financial reporting requirements and NAV reporting
- Maintain thorough knowledge of client base and industry standards (i.e., accounting, tax and legal) to serve and communicate with clients most effectively
- Serve as senior client escalation; anticipate and proactively communicate resolution of issues to clients
- Assist with/lead training initiatives. Manage team capacity, budgets and cross training plans.
- Lead and work on special projects, new client/fund onboarding & internal investment initiatives
- Prepare/Review of fund, share class, and investor allocations including calculations of management and performance fees/carry
- Prepare/Review Net Asset Value Files & Daily Profit & Loss
- Streamline operational processes to reduce risk and improve efficiency
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Credit Intermediation and Related Activities
Number of Employees
5,001-10,000 employees
