Alternatives - Fund Controller - Associate

Location: Mumbai, Maharashtra, India

Job Family: Client Service

About the Role

At J.P. Morgan Chase, we are at the forefront of financial innovation, and our Alternatives Fund Controller team plays a pivotal role in supporting our clients' complex investment strategies. As an Associate in Alternatives Fund Controller based in Mumbai, you will join a dynamic group dedicated to delivering exceptional client service in the rapidly evolving alternatives asset class. This position offers the opportunity to build a rewarding career in fund operations within one of the world's most admired banks, where excellence, integrity, and collaboration are at the core of everything we do. You will contribute to managing accounting for diverse alternative funds, including private equity, hedge funds, real estate, and infrastructure, ensuring precision and transparency in a high-stakes environment. Your primary focus will be on overseeing end-to-end fund accounting processes, from daily reconciliations and NAV computations to the preparation of investor reports and financial statements. Working closely with global teams, you will navigate regulatory landscapes such as SEBI in India and international standards like IFRS, while leveraging cutting-edge technology to streamline operations. This role demands a proactive approach to identifying process improvements, mitigating risks, and supporting fund lifecycle events like capital calls and distributions. At J.P. Morgan, you will have access to world-class resources and mentorship to hone your expertise in alternatives, fostering both personal growth and professional impact. We value diverse perspectives and are committed to creating an inclusive workplace where your contributions drive client success and firm-wide innovation. In Mumbai's vibrant financial hub, you will collaborate with top talent across asset management, investment banking, and corporate functions, positioning you for long-term advancement. Join us to shape the future of alternative investments at a firm renowned for its leadership in financial services.

Key Responsibilities

• Oversee the daily accounting operations for alternative investment funds, ensuring accurate NAV calculations and timely reporting
• Prepare and review financial statements, management reports, and investor allocations in compliance with GAAP/IFRS and client-specific requirements
• Manage fund-level reconciliations, including cash, positions, income, and expenses for private equity, hedge, and real asset portfolios
• Collaborate with internal teams such as portfolio management, risk, and compliance to support fund launches, restructurings, and audits
• Conduct variance analysis and investigate discrepancies to maintain data integrity and operational efficiency
• Liaise with external auditors, custodians, and prime brokers to facilitate smooth audits and resolve issues
• Implement and enhance control processes to mitigate risks in fund accounting workflows
• Support regulatory filings and reporting obligations, including FATCA, AIFMD, and local Indian requirements
• Mentor junior staff and contribute to team development initiatives within the Alternatives Fund Controller group

Required Qualifications

• Bachelor's degree in Finance, Accounting, or a related field; CPA, CA, or equivalent certification required
• Minimum of 3-5 years of experience in fund accounting, financial reporting, or controller roles within the financial services industry
• Strong understanding of alternative investments including private equity, hedge funds, real estate, and infrastructure funds
• Proficiency in financial statement preparation, GAAP/IFRS compliance, and regulatory reporting standards
• Experience with fund administration software and ERP systems such as Investran or Geneva
• Ability to work in a fast-paced, high-volume environment with strict deadlines
• Excellent English communication skills, both written and verbal

Preferred Qualifications

• Advanced degree (MBA or Master's in Finance) or CFA designation
• Prior experience at a Big Four firm or major asset manager in alternatives fund controlling
• Knowledge of Indian GAAP and SEBI regulations for funds operating in India
• Demonstrated project management experience in financial operations or process improvements

Required Skills

• Fund accounting and alternative investments expertise
• Financial reporting and analysis
• GAAP/IFRS knowledge
• Regulatory compliance (SEBI, AIFMD)
• Excel proficiency (advanced formulas, pivots, macros)
• ERP systems (Investran, Geneva, or similar)
• Data reconciliation and variance analysis
• Risk management and internal controls
• Attention to detail and accuracy
• Analytical problem-solving
• Strong organizational and time management
• Team collaboration and leadership
• Effective communication (verbal and written)
• Adaptability in dynamic environments
• Project management capabilities

Benefits

• Competitive base salary and performance-based annual bonuses aligned with JP Morgan's total rewards philosophy
• Comprehensive health, dental, and vision insurance coverage for employees and eligible dependents
• Retirement savings plan with generous company matching contributions to support long-term financial security
• Paid time off including vacation, sick leave, and parental leave policies
• Professional development programs, including tuition reimbursement and access to internal training at the J.P. Morgan Corporate University
• Employee wellness initiatives, such as gym memberships, mental health resources, and flexible work arrangements
• Stock purchase plan allowing participation in JP Morgan Chase equity
• Global mobility opportunities and relocation support for career advancement within the firm

JP Morgan Chase is an equal opportunity employer.