Fund Servicing Associate
JPMorganChase
Join JPMorganChase as a Fund Services Associate I and become an integral part of our dynamic team. This role offers a unique opportunity to enhance your career by working closely with operations, financial controllers, and external partners. You'll be at the forefront of ensuring smooth fund servicing operations while contributing to process improvements. Embrace the chance to grow your skills in a supportive environment that values innovation and collaboration.
As a Fund Servicing Associate I within the Securities Services Operations team, you will play a pivotal role in enhancing our operational services related to fund accounting and administration. Your work will have a meaningful impact within our department, as you apply your broad knowledge of fund servicing principles and practices to perform diverse activities requiring analysis and judgement.
Job responsibilities
- Maintain accurate accounting and securities records for each private equity asset, ensuring all prescribed controls are adhered to for each fund accounting process (e.g., position reconciliation, asset pricing, security trading, income and expense processing, etc.).
- Oversee UK and US-based pension funds by performing asset valuations and validations to ensure accuracy and timeliness.
- Ensure all valuations produced by the department are correct and understood, identifying major value movers and validating them through set procedures.
- Liaise with various Fund Managers globally to reconcile Fund Manager accounting data with internal accounting outputs.
- Manage the team responsible for processing contributions and withdrawals for these clients.
- Handle client queries and relationship management in coordination with the oversight team.
- Ensure adherence of operational procedures to complete task in an accurate and timely manner.
- Support the supervisors in the objective to provide top quality operations in support of this global business.
- Document procedures and identify requirements for additional controls.
- Provide training of new hires.
Required qualifications, capabilities and skills:
- Minimum 5 years in Banking / Financial services industry or with accounting firm.
- Knowledge of the processes of a Fund’s Custodian Bank and Investment Manager
- Awareness of stock market practices & data vendor systems (e.g. Bloomberg)
- Experience in an automated processing environment.
- Good understanding of security types and their accounting treatment
- Analytical with good problem-solving skills
- Committed approach with the ability to communicate effectively within a small team
- Flexibility - support department projects and work overtime during peak production periods
Preferred qualifications, capabilities and skills:
- Graduate or post-graduate qualification
- Meticulous attention to detail
- Ability to work in a deadline-driven, client-focused environment
- Strong analytical and control orientation
- Proficient computer skills
- Effective written and spoken English communication
- Demonstrates initiative and people management skills
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 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.
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Join the Fund Services Operations team that is driving the success of both the client and JPM in the Fund Services organization.