Tax Oriented Investments (TOI) - Energy Analyst Middle Office
JPMorgan's Tax Oriented Investments (TOI) group is responsible for investing the Firm's own capital in earning assets that are tax-advantaged in the US. Current TOI assets include affordable housing investments, alternative energy projects, and equipment leases. Since 2003 the Energy Investments team has invested or raised from other institutional investors over $20 billion in wind, solar and geothermal projects, making JPMorgan a leading player in the rapidly growing market for renewable energy tax equity. The TOI group employs over 100 professionals, is based in Chicago, and is part of the Corporate & Investment Bank.
The successful candidate will work within the Middle Office Portfolio Management Group that supports the Energy and Housing product areas within TOI-Tax Oriented Investments. The candidate will be primarily focused on the Energy product. He/She will work with a team of ten employees that are responsible for maintaining complex pricing models for each transaction, incorporating new data relative to accounting, taxes, operations, and cash flows, and analysis of the model results.
Job Responsibilities:
- Responsible for a portfolio of renewable energy tax credit transactions, which include model updates, analysis, and an overall understanding of the investment structure and risks
- Analyze partnership financial statements, tax returns, monthly operating reports, and tracking models
- Improve/automate the flow of operating and financial data for our investments into our systems and reporting.
- Incorporate actual financial results as well as forecast changes on a quarterly basis; perform sensitivity analysis for assigned transactions and update for annual tax return filings
- Work closely with TOI origination group and asset management group when analyzing investments to understand deal specific dynamics
- Work directly with outside clients (sponsors) on a regular basis to solve issues related to assigned transactions
- Work with TOI origination, asset management, and technology groups to implement new functionality to automate existing pricing models and systems
- Provide support and analysis related to asset workouts, dispositions, and other ad hoc requests
- Develop an understanding of the financial results for assigned transactions and be able to explain to management
Required Qualifications, Skills and Capabilities
- Experience in Accounting or Finance is preferred
- Strong analytical capacity (including partnership tax and accounting knowledge)
- Economic modeling experience is a plus
- Strong proficiency in Microsoft Excel, including moderate/advance formula composition skills (i.e., extensive "if" statements and "look-up" formulas)
- Excellent time management and multi-tasking skills
- Ability to interact with a variety of colleagues and clients
- Strong written and verbal communications skills
- Willingness to be flexible and desire to work in a team-oriented environment
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.
Operations teams develop and manage innovative, secure service solutions to meet clients' needs globally. Developing and using the latest technology, teams work to deliver industry-leading capabilities to our clients and customers, making it easy and convenient to do business with the firm. Teams also drive growth by refining technology-driven customer and client experiences that put users first, providing an unparalleled experience.
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 recognize that our people are our strength and the diverse talents and perspectives that 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. (If you are a US or Canadian applicant with a disability and wish to request an accommodation to complete the application process, please contact us by calling the Accessibility Line (US and Canada Only) 1-866-777-4690 and indicate the specifics of the assistance needed.)
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.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
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