Verified Job
Accounting - Finance
Asset Management - Private Equity Client Operations Associate - Associate
Accounting - Finance
#684146
Remote / WFH
Job Description
Profile insights
Here’s how the job qualifications align with your profile.
Skills
Accounting and finance experience
Accounting
Do you have experience in Accounting and finance experience?
Location
Estimated commute
Job address
390 Madison Ave, New York, NY 10017
Full job description
JOB DESCRIPTION
The JPMorgan Private Equity Group (PEG) is looking for an associate to join its Information Management Group due to business growth. This role involves managing client portfolios allocated to private equity funds and supporting portfolio managers. Responsibilities include evaluating investment information, coordinating activities, performing reconciliations, and preparing financial reports. The associate will also develop workflows to ensure accurate and timely transaction reporting, enhancing data integrity and resource allocation.
The position will include responsibility and coordination across a group of clients or portfolios. The client and portfolio holdings consist of assets allocated to private equity funds. The associate will be responsible to service the client needs and support the portfolio managers responsible for investing the clients’ assets. The position will require the candidate to evaluate information contained in correspondence from underlying investments, review and approve transactions for the proper accounting/tax treatment, co-ordinate activity, perform reconciliations and oversee the clients/portfolios service providers (for example, the custodian), and prepare communications, including financial reports, for the clients’ use. The associate will assist in the co-ordination of all activities with the client on behalf of the PEG, and this may include transaction reporting, fee billing and performance reporting, as examples. It is expected the associate will develop appropriate work flows to create a controlled environment to ensure all transaction activity and reporting is captured in a complete, accurate and timely manner, which will contribute to the reduction of work flow redundancy, the attribution of greater data integrity and consistency, and the enhancement of personnel resource allocation.
Job Responsibilities:
Analyze transaction activity to ensure proper action in accordance with its instructions
Communicate with private equity partnership any inconsistencies in correspondence and follow-up on missing or incomplete information
Approve transactions captured in the front end system, Pegasus, and ensure transactions properly processed into proprietary private equity database, Private i
Prepare separate transaction notification packet for clients’ custodian
Disseminate the complete packet to custodian and internal users
Reconcile transaction activity between custodian and Private i reports
Identify, investigate and resolve discrepancies
Respond to client and portfolio manager information requests
Prepare monthly/quarterly reports as required in agreement with clients
Disseminate reports to appropriate parties
Liaise with custodian to ensure reconciliation of monthly/quarterly activity
Evaluate investment performance and identify efficiencies in business processes to support growing business
Assist CFO in management and reporting
Required Qualifications, Skills, and Capabilities:
3+ years of accounting and operational experience, with specific private equity exposure.
Bachelor's degree in accounting or equivalent and knowledge of private equity transactions, management fee calculations.
Strong communication, spreadsheet, and analytical skills
Team-oriented with the ability to work independently.
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, ****** 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
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.
Explore other jobs
Here’s how the job qualifications align with your profile.
Skills
Accounting and finance experience
Accounting
Do you have experience in Accounting and finance experience?
Location
Estimated commute
Job address
390 Madison Ave, New York, NY 10017
Full job description
JOB DESCRIPTION
The JPMorgan Private Equity Group (PEG) is looking for an associate to join its Information Management Group due to business growth. This role involves managing client portfolios allocated to private equity funds and supporting portfolio managers. Responsibilities include evaluating investment information, coordinating activities, performing reconciliations, and preparing financial reports. The associate will also develop workflows to ensure accurate and timely transaction reporting, enhancing data integrity and resource allocation.
The position will include responsibility and coordination across a group of clients or portfolios. The client and portfolio holdings consist of assets allocated to private equity funds. The associate will be responsible to service the client needs and support the portfolio managers responsible for investing the clients’ assets. The position will require the candidate to evaluate information contained in correspondence from underlying investments, review and approve transactions for the proper accounting/tax treatment, co-ordinate activity, perform reconciliations and oversee the clients/portfolios service providers (for example, the custodian), and prepare communications, including financial reports, for the clients’ use. The associate will assist in the co-ordination of all activities with the client on behalf of the PEG, and this may include transaction reporting, fee billing and performance reporting, as examples. It is expected the associate will develop appropriate work flows to create a controlled environment to ensure all transaction activity and reporting is captured in a complete, accurate and timely manner, which will contribute to the reduction of work flow redundancy, the attribution of greater data integrity and consistency, and the enhancement of personnel resource allocation.
Job Responsibilities:
Analyze transaction activity to ensure proper action in accordance with its instructions
Communicate with private equity partnership any inconsistencies in correspondence and follow-up on missing or incomplete information
Approve transactions captured in the front end system, Pegasus, and ensure transactions properly processed into proprietary private equity database, Private i
Prepare separate transaction notification packet for clients’ custodian
Disseminate the complete packet to custodian and internal users
Reconcile transaction activity between custodian and Private i reports
Identify, investigate and resolve discrepancies
Respond to client and portfolio manager information requests
Prepare monthly/quarterly reports as required in agreement with clients
Disseminate reports to appropriate parties
Liaise with custodian to ensure reconciliation of monthly/quarterly activity
Evaluate investment performance and identify efficiencies in business processes to support growing business
Assist CFO in management and reporting
Required Qualifications, Skills, and Capabilities:
3+ years of accounting and operational experience, with specific private equity exposure.
Bachelor's degree in accounting or equivalent and knowledge of private equity transactions, management fee calculations.
Strong communication, spreadsheet, and analytical skills
Team-oriented with the ability to work independently.
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, ****** 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
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.
Explore other jobs
