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Form of workPosition 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
JPMorgan Chase & Co., 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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/Salary
Brooklyn,NY $76,000.00 - $135,000.00 / year
