Hedge Fund Services Onboarding - Associate

Position Summary:

The Associate is a member of the global onboarding team who will be primarily responsible for migrating or launching a client’s business onto the JPM HFS business platform. You will be responsible for reviewing fund documentation, creating fund structure diagrams detailing the profit and loss allocation flows and initializing the application set ups. You will also be responsible for completing gap analysis on third party data establishing a balance sheet load at a point in time performing reconciliations and resolving all breaks.

As the Associate, you will collaborates closely with the wider AIS line of business (Fund Accounting, Investor Relations, Compliance, Internal Audit, Operations, Private Equity and Real Estate) ensuring a smooth transition of the fund to a live environment.

Job Responsibilities:

• Provide a premier client service by building a strong relationship with the investment manager and any other third parties.
• Become proficient in client / fund set up on multiple HFS systems such as Arcesium, FuMA, FAIRx and IRIS
• Ensure all scheduled work is completed by agreed deadlines, checklists are signed and files contain all required information prior to closing an event and filing.
• Flag any potential service delivery issues as early as possible, escalate with other team members and manager and adhere to deadlines, communicate delays to manager and ensure work is completed as expected.
• Participate in cross training across the functionalized Onboarding group and work closely with accounting to establish fund structures and allocations.
• On-going review of daily controls and communication of any new training or suggested procedural changes to manager.
• Complete gap analysis on external administrator reports to understand the data points, logging all differences to JPM standards and workflows.
• Complete data mapping of external reports to the data loading templates and reconciliations.
• Work closely with Data Analytics to initialize asset universe and value positions ensuring proper representation.
• Perform detailed NAV reconciliation to administrator with full back up for audit history.
• Complete the fund set up’s on the accounting platform for the various applications and complete the set up tracker ensuring all set up’s are complete on time and accurately with checklists in place.

Required qualifications, capabilities and skills:

• A Bachelors Degree finance related.
• Significant experience in the Financial Services industry, preferably with prior experience in alternative funds
• Strong working knowledge of fund administration systems and NAV delivery process
• Strong knowledge of Hedge Fund structures and products including fund of Hedge Funds.
• Working knowledge of MS Excel & Word
• Ability to effectively communicate with internal and external clients both oral and written
• Professional and proactive approach to work
• Strong organizational skills, concern for quality, accuracy and working to deadlines
• Strong analytical and problem solving skills
• Manage the set up procedures and checklists ensuring all new requirements are captured.
• Perform initial accounting entries for non investment related payables and receivables