JP Morgan Chase & Co.

Alternative Fund Services - Vice President

JP Morgan Chase & Co.$150K — $180K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 10 years of accounting experience, ideally with Big 4 and private equity or hedge fund accounting.
  • In-depth understanding of hedge/private equity fund accounting, investor allocations, and securities processing.
  • Bachelor's degree in Accounting, Economics or Finance preferred.
  • Innovative, analytical mindset with strong verbal and written communication.
  • Proven strategic thinker with successful track record.
  • Team-oriented with the ability to independently drive projects to completion.
  • Strong client service skills, particularly with demanding clients.

Responsibilities

  • Manage the Fund Accounting team to meet client deadlines and adhere to internal controls.
  • Review and prepare fund allocations, including management and performance fee calculations.
  • Prepare and review Net Asset Value files and Daily Profit & Loss reports.
  • Interpret fund agreements for financial reporting impact and NAV reporting requirements.
  • Maintain robust knowledge of the client base and industry standards for effective communication.
  • Act as the senior escalation point for client issues, proactively resolving concerns.
  • Lead training initiatives and manage team capacity and budgets.
  • Initiate process improvements to enhance operational efficiency and reduce risk.
Full Job Description
JOB DESCRIPTION

Position Responsibilities

  • Manage a Fund Accounting team and ensure client deadlines are met and work executed in accordance with internal controls

  • 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
  • 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 onboardings & internal investment initiatives

  • Streamline operational processes to reduce risk and improve efficiency

Required qualifications, capabilities, and skills

  • Minimum 10 years of accounting experience, preferably including Public Big 4 and partnership or hedge/private equity fund accounting
  • Thorough knowledge of the hedge/PE Fund environments including accounting for investor allocations, share classes, and complex investment and securities processing
  • Bachelors degree in Accounting, Economics or Finance preferred
  • 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

Preferred qualifications, capabilities, and skills

  • Professional accounting qualification (CA, CPA) a plus
  • 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)

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About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

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