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Corporate - Private Investments Fund Accounting Associate

Req #: 170093910
Location: Chicago, IL, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 3000 US Dollar (USD)

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.


J.P.Morgan Private Investments, which sits within the Corporate line of business, brings together the Strategic and Heritage Private Equity Investing activities of the firm into a single Investing Center of Excellence. JPMPI has approximately 40 professionals located across New York, Chicago, London and Hong Kong.

Strategic Investments acts as a service provider to the Lines of Business and Corporate. It is a central resource to help identify, diligence, structure, negotiate, close, monitor and divest investments. Heritage Private Equity holds approximately $1.5 billion AUM and the Finance team oversees fund and partnership accounting, distribution management, treasury services, tax support services, waterfall/carry calculations, financial and regulatory reporting, and corporate entity administration and domiciliation services.

 

The JPMPI Fund Accounting Associate will partner with the Controller, Assistant Controller, the broader Finance team, and the fund administration team to support the business. Key activities include participating in the month-end and quarter-end close, recording entries on the general ledger, financial statement review and regulatory report preparation, and interfacing with the fund administration team on a daily basis to provide guidance on recording fund and investment level activity.

 
 
Responsibilities:
  • Prepare journal entry directives, including support, to instruct the fund administration team on investment and fund related journal entries (e.g. investment sales, interest, FX, expenses, distributions, etc.)
  • Assist in the conversion and validation of historical data from the fund administration team to the Private Investments finance team, and ongoing ownership and maintenance of the general ledger entries and support
  • Month-end/quarter-end general ledger close activities such as review of equity pickup entries, AR/AP schedules, and investment balances
  • Assist in the preparation of monthly foreign currency and hedge analysis
  • Prepare regulatory reporting such as Basel, FR Y-11, FR 2314, and reports that roll up into the JPM 10Q and 10K
  • Assist with review of financial statements and other reports prepared by the fund administration team
  • Interface with external auditors regarding the annual financial statements for main funds and co-invest funds
  • Input wire transfers into the treasury system
  • Prepare quarterly partner loan interest statements
  • Provide quarterly accounting information to the tax team
  • Assist with ad hoc projects (investor requests and other miscellaneous management requests)

  • Bachelor’s degree in Accounting or Finance
  • Three to five years of accounting experience
  • Proficient in Excel, Investran experience a plus
  • Strong quantitative, analytical and problem solving skills
  • Detail oriented and extremely organized with ability to manage multiple projects effectively
  • Strong interpersonal skills with ability to work with people at all levels
  • Ability to work independently and manage time effectively
  • Excellent verbal and written communication skills
  • CPA preferred but not required

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