Securities Services , Private Equity Fund Accountant - Associate

JPMorgan Chase & Co
New York
20 Oct 2019
25 Oct 2019
Job role
Contract type
Full time

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

PrivateEquity & Real Estate Services ("PERES") was launched in November of 2005through the commercialization of the finance and technology teams supportingJ.P. Morgan's various private equity and real estate entities. The line ofbusiness has over 300+ dedicated professionals with offices in Dublin, London,Luxembourg, New York, Bangalore, Guernsey, Hong Kong, Jersey Singapore andSydney. The team provides administration services to more than 100 clients withapproximately $400 billion exposure to alternative assets.

JobDescription – Associate

Theprinciple responsibility of the Associate is to review and manage clientdeliverables for our Private Equity fund administration clients. The rolewill involve daily client interactions and require the individual to manageexpectations, balance multiple priorities and work in a team setting to deliveraccurate and timely reporting to clients and investors.


  • 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
  • Similar jobs

    Similar jobs