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CIB - Fund Accounting Analyst- Associate

Req #: 170058700
Location: Bangalore East, KA, IN
Job Category: Operations
Potential Referral Amount: 0 Indian Rupee (INR)
About J.P. Morgan Corporate & Investment Bank
 

J.P. Morgan is a leading global financial services firm, established over 200 years ago:

o We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.

o We have assets of $2.5 trillion and operations worldwide

o We operate in more than 100 markets.

o We have more than 243,000 employees globally.

Our wholesale businesses include J.P. Morgan’s Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families.

Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology.

J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses. Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations regionally and globally. The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions.

 
Private Equity & Real Estate Services (“PERES”) was launched in November of 2005 through the commercialization of the finance and technology team supporting J.P. Morgan's various private equity and real estate entities.   The line of business has over 200+ dedicated finance and technology professionals with offices in New York, Chicago, San Francisco, Dallas, Sydney, London and Jersey (CI).  The team provides administration services to more than 100 clients with $200 BN exposure to alternative assets. 
 
 In an effort to streamline our workflow, PERES has undertaken an initiative to functionalize specific workflows and processes that can be standardized across our entire client base. We are seeking a Management Level Candidate to develop and head functionalized teams of analysts responsible for delivery of financial statement / valuation validation and input, cash flow accounting (capital calls / distributions), investor level data analysis, and reconciliations in a well-controlled and scalable way.
 
Team Responsibilities
  • Coordinate and interact with client and tax advisor to review and analyze portfolio companies including U.S. partnerships and corporations performing business in multiple states and foreign jurisdictions including passive foreign investment companies (PFIC) and controlled foreign corporations (CFC)
  • Review and perform year-end tax reconciliation from general ledger, trial balance and profit and loss statements to taxable income
  • Analyze and review book-tax M1 adjustments, partnership agreements, partners tax allocations, including tax waterfalls
  • Analyze tax write-offs and corporate restructurings and actions
  • Analyze foreign partner tax withholding
  • Review quarterly and yearly tax estimates including annual K-1s and tax returns for the fund vehicles and GP carry vehicles
  • Review GP Carried interests calculations and ensure accurate and timely tax and carry distributions to client investors
  • Ensure all tax filings and information for client investors are completed and delivered in a timely and efficient manner
  • Participate in prospective client meetings, sales proposals and request to proposal responses, including analyzing tax pricing and cost to service model for prospective and existing clients
  • Interact and service various constituents and functions within the JP Morgan Chase Bank organization, Investment Professionals and Investor Relations group, including coordination with outside accountants, legal counsel and third party investors
  • Review and assist in resolution of federal, state and local tax notices
  • Manage client relationships and interact with clients as needed
Job Responsibilities
  • Coordinate and interact with client and tax advisor to review and analyze portfolio companies including U.S. partnerships and corporations performing business in multiple states and foreign jurisdictions including passive foreign investment companies (PFIC) and controlled foreign corporations (CFC)
  • Review and perform year-end tax reconciliation from general ledger, trial balance and profit and loss statements to taxable income
  • Analyze and review book-tax M1 adjustments, partnership agreements, partners tax allocations, including tax waterfalls
  • Analyze tax write-offs and corporate restructurings and actions
  • Analyze foreign partner tax withholding
  • Review quarterly and yearly tax estimates including annual K-1s and tax returns for the fund vehicles and GP carry vehicles
  • Review GP Carried interests calculations and ensure accurate and timely tax and carry distributions to client investors
  • Ensure all tax filings and information for client investors are completed and delivered in a timely and efficient manner
  • Participate in prospective client meetings, sales proposals and request to proposal responses, including analyzing tax pricing and cost to service model for prospective and existing clients
  • Interact and service various constituents and functions within the JP Morgan Chase Bank organization, Investment Professionals and Investor Relations group, including coordination with outside accountants, legal counsel and third party investors
  • Review and assist in resolution of federal, state and local tax notices;
  • Manage client relationships and interact with clients as needed
 
 
Qualifications
 
Selection Criteria
  • Accounting degree with 150 credits for CPA Licensing
  • CPA [either obtained or in process] MBA or MS in Taxation is a plus
  • 1-3 years experience in Financial Services or Private Equity
  • Excellent analytical skill set
  • Strong Microsoft Excel, Word and PowerPoint skills required, preferred knowledge of lookup functions and pivot table functionality
  • Must be a team player with the ability to network with co-workers
  • Ability to multi-task, work in tight time frames
  • Ability to work independently with strong follow through
  • Attention to detail
  • Technologically savvy
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