Securities Services - Fund Accounting - Associate

J.P. Morgan Alternative Fund Services (“AFS”) is part of the Securities Services business group in the Corporate & Investment Bank and is one of the largest fund and portfolio administration businesses in the industry, administering over $950 billion in assets globally. The business was launched in November 2005 through the commercialization of the finance and technology teams supporting J.P. Morgan's various private equity and real estate entities. Our AFS business has over 950 dedicated professionals with offices in Dublin, London, Luxembourg, New York, New Jersey, Bangalore, Guernsey, Hong Kong, Jersey, Singapore, Toronto and Sydney. We provide administration services to more than 150 clients across all alternative asset classes.

As a Private Equity Fund Admin Associate within our client administration team, you will support all facets of daily client deliverables for Private Equity fund administration clients. Your responsibilities will encompass the upkeep of books and records, computation of Net Asset Valuations, preparation of financial statements, assisting with capital events, calculating management fees and carried interest, allocating investor capital and statements, releasing investor reports, and coordinating the year-end process with audit and tax teams. You will also help manage client expectations and deliverable timelines in line with SLAs, and ensure prompt resolution of client issues and escalations. Your role will require a solid understanding of Private Equity fund structures, proficiency in accounting for complex transactions, and a comprehensive knowledge of fund governing documents.

Job Responsibilities

• Support all aspects of client deliverables for Private Equity fund administration clients, including client expectations, timelines, and issue resolution
• Stay abreast of industry standards and best practices while seeking opportunities to enhance operational efficiency and mitigate operational risks
• Liaise with support functions and internal stakeholders including risk and control groups, audit, compliance, implementation, investor relations, and operations
• Ensure adherence to control framework including prescribed policies and procedures
• Participate in ad hoc client projects and internal initiatives
• Assist in mentoring and developing staff resources while providing oversight on technical topics and client-related issues
• Review fund governing documents, side letters, and agreements to determine impact on reporting deliverables and ensure adherence

Required qualifications, capabilities and skills

• A professional accounting qualification (CA, CPA) combined with 8+ years of experience working with Private Equity funds in a fund administration or related capacity
• Knowledge of US GAAP for Investment Funds and a thorough understanding of Private Equity fund structures
• Bachelor’s Degree in Accounting, Finance, or MBA
• Ability to work under pressure to meet tight deadlines and balance multiple priorities
• Strong attention to detail and a hands-on approach
• Team player with excellent problem solving, communication, and client service skills as well as the ability to take ownership and manage projects
• Proficiency in Microsoft Office product suite and advanced MS Excel skills

Preferred qualifications, capabilities, and skills

• Strong knowledge of Investran or similar integrated Private Equity system a plus
• Investment fund audit experience with a Big 4 firm a plus