Securities Services – Private Equity Fund Accountant – Associate | JPMorgan Chase Bank, N.A. | Brooklyn, NY

Local Jobs JPMorgan Chase Bank, N.A.
  • United States, Brooklyn, NY View on Map
  • Post Date : November 19, 2020
  • Apply Before : December 19, 2020
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Job Description

J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

Private Equity & Real Estate Services (“PERES”) was launched in November of 2005 through the commercialization of the finance and technology teams supporting J.P. Morgan’s various private equity and real estate entities. The line of business has over 300+ dedicated professionals with offices in Dublin, London, Luxembourg, New York, Bangalore, Guernsey, Hong Kong, Jersey Singapore and Sydney. The team provides administration services to more than 100 clients with approximately $400 billion exposure to alternative assets.

Job Description – Associate

The principle responsibility of the Associate is to review and manage client deliverables for our Private Equity fund administration clients. The role will involve daily client interactions and require the individual to manage expectations, balance multiple priorities and work in a team setting to deliver accurate and timely reporting to clients and investors.

Position Responsibilities:

  • Maintain the books and records of Private Equity funds
  • Set-up and maintenance of fund structures and investments in accounting database
  • Prepare and/or review monthly/quarterly reporting and Net Asset Valuations including all supporting workbooks and documentation
  • Prepare and/or review financial statements, note disclosures and supporting schedules
  • Prepare and/or review capital call and distribution calculations, investor allocations and investor notices
  • Monitor, track and reconcile capital call proceeds and distribution payments
  • Prepare and/or review management fee calculations including fee offsets and waivers
  • Prepare and/or review carried interest calculations and maintenance of waterfall models
  • Prepare and/or review partner allocations and capital account statements
  • Manage release of capital notices and quarterly reporting on investor reporting portal
  • Review subscription agreements and ensure investor data is correctly captured in Investran
  • Ensure ad hoc requests from clients and investors are addressed in a timely manner
  • Work closely with manager, team and support functions to manage client expectations and ensure adherence to SLA timelines on client deliverables
  • Demonstrate knowledge of Private Equity fund structures, accounting flows and understanding of fund governing documents
  • Liaise with support functions and internal stakeholders including risk and control groups, audit, compliance, implementation and investor relations
  • Adherence to control framework including internal policies and procedures
  • Participate in ad hoc client projects and internal initiatives
  • Manage year-end process and handle requests from external auditors and tax teams
  • Review fund governing documents and other related agreements, and ensure correct application of terms and conditions
  • Train, supervise and develop junior staff resources


  • Bachelor’s Degree in Accounting, Finance or related field
  • Professional accounting qualification (CA, CPA) a plus
  • 3 – 6 years experience in an accounting role, preferably at a Big 4, Private Equity fund or Private Equity fund administrator
  • Knowledge of US Generally Accepted Accounting Principles (with an emphasis on accounting for investment funds a plus)
  • Familiar with Private Equity fund structures
  • Analytical thinker and problem solver with attention to detail
  • Ability to work under pressure and balance multiple priorities
  • Excellent interpersonal and communication and client service skills
  • Team player with strong organizational skills and ability to see projects to completion
  • Proficiency in Microsoft Office product suite and advanced MS Excel skills
  • Experience with Investran or a similar integrated Private Equity system a plus

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.

Equal Opportunity Employer/Disability/Veterans

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