Securities Services - Alternative Fund Services - Vice President

Job Description

J.P. Morgan’s Corporate & Investment Bank, a global leader in investment banking, wholesale payments, markets and securities services, manages $29 trillion of assets and $650 billion in deposits. As part of this, the Alternative Fund Services (AFS) administers over $950 billion in assets globally, providing administration services to more than 150 clients across all alternative asset classes.

As a Vice President in J.P. Morgan's Alternative Fund Services, you will manage a Fund Accounting team, interpret fund agreements, maintain knowledge of client base and industry standards, serve as senior client escalation, assist with training initiatives, lead special projects, and prepare/review various financial documents. You will have the opportunity to streamline operational processes and work with a diverse range of clients across all alternative asset classes.

Job Responsibilities:

• Manage a Fund Accounting team and ensure client deadlines are met and work executed in accordance with internal controls
• Interpret fund agreements to determine impact on fund set-ups, financial reporting requirements and NAV reporting
• Maintain thorough knowledge of client base and industry standards (i.e., accounting, tax and legal) to serve and communicate with clients most effectively
• Serve as senior client escalation; anticipate and proactively communicate resolution of issues to clients
• Assist with/lead training initiatives. Manage team capacity, budgets and cross training plans.
• Lead and work on special projects, new client/fund onboarding & internal investment initiatives
• Prepare/Review of fund, share class, and investor allocations including calculations of management and performance fees/carry
• Prepare/Review Net Asset Value Files & Daily Profit & Loss
• Streamline operational processes to reduce risk and improve efficiency

Required qualifications, capabilities and skills: 

• 10 years of accounting experience
• Thorough knowledge of the hedge/PE Fund environments including accounting for investor allocations, share classes, and complex investment and securities processing
• Bachelor’s degree
• Must be innovative and analytical, with excellent verbal and written communication skills
• Strategic thinker with proven track record
• Must have team player instincts with the ability to see a project to conclusion with little follow-up
• Excellent client service orientation and proven ability to deal with demanding clients

Preferred qualifications, capabilities, and skills:

• Professional accounting qualification (CA, CPA) a plus
• Bachelor’s degree in Accounting, Economics or Finance preferred
• Experience preferably including Public Big 4 and partnership or hedge/private equity fund accounting
• Experience with Investran or similar integrated Private Equity system a plus
• Familiarity and experience with private equity concepts (e.g. waterfall calculations, capital call/distribution processing, PE investment structures)

About Us

JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

About the Team

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.