Securities Services - Private Equity Fund Administration - Associate

Location: Jersey City, NJ, United States

Job Family: Customer Success

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a proud history of innovation and client focus. As an Associate in Securities Services - Private Equity Fund Administration, you will play a pivotal role in our Asset & Wealth Management division, managing all aspects of day-to-day client deliverables for private equity fund administration clients. Based in our state-of-the-art Jersey City, NJ office, you will support high-profile private equity funds by ensuring accurate, timely, and compliant financial reporting. This position offers the opportunity to work with sophisticated alternative investment structures, collaborating with cross-functional teams to deliver exceptional service in a dynamic, high-stakes environment. Your core responsibilities will include overseeing fund accounting processes such as net asset value (NAV) calculations, capital activity tracking, and investor reporting, while serving as the key liaison for client needs. You will leverage your expertise in GAAP/IFRS standards and private equity mechanics to resolve complex issues, conduct reconciliations, and provide performance insights that drive client success. At JP Morgan Chase, we value precision and innovation, so you will also contribute to enhancing operational efficiencies through process improvements and technology adoption, all while adhering to stringent regulatory frameworks like SEC guidelines. This role is ideal for a finance professional passionate about the private equity space, offering exposure to global markets and career growth within one of the world's largest banks. Join us to advance your expertise in securities services, build lasting client relationships, and contribute to JP Morgan Chase's commitment to excellence in financial administration. We foster an inclusive culture that supports work-life balance and professional development, empowering you to thrive in a collaborative team setting.

Key Responsibilities

• Manage day-to-day client deliverables, including NAV calculations, financial statements, and investor reports for private equity funds
• Oversee fund accounting processes, including capital calls, distributions, and performance tracking
• Collaborate with internal teams to ensure timely and accurate reconciliation of portfolio holdings and cash positions
• Serve as the primary point of contact for client inquiries, resolving issues related to fund administration
• Conduct quality control reviews of reports and ensure compliance with client-specific requirements and industry regulations
• Assist in onboarding new private equity clients, including setup of accounting systems and data migration
• Monitor and analyze fund performance metrics, providing insights to support client decision-making
• Contribute to process improvements in fund administration workflows to enhance efficiency
• Prepare ad-hoc reports and support audits for private equity fund clients
• Stay updated on industry trends and regulatory changes impacting private equity administration

Required Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field
• Minimum of 3-5 years of experience in private equity fund administration or similar financial services role
• Strong knowledge of fund accounting principles, GAAP, and IFRS standards
• Proficiency in financial reporting and reconciliation processes for alternative investments
• Experience with client-facing roles in asset management or securities services
• Ability to handle complex, high-volume data with accuracy and attention to detail
• CFA, CPA, or equivalent certification (or progress toward obtaining one)

Preferred Qualifications

• Advanced degree (MBA) in Finance or related discipline
• Prior experience working with JP Morgan Chase or a major global bank in securities services
• Familiarity with private equity fund structures, including limited partnerships and carried interest
• Knowledge of regulatory requirements such as SEC rules for investment advisers
• Experience using fund administration software like Investran or Advent

Required Skills

• Fund accounting and private equity valuation techniques
• Financial modeling and Excel proficiency (advanced functions, pivot tables)
• Client relationship management and communication skills
• Attention to detail and analytical problem-solving
• Knowledge of securities services operations
• Regulatory compliance in financial services
• Data reconciliation and error resolution
• Project management for client onboarding
• Team collaboration in a fast-paced environment
• Time management and prioritization under deadlines
• Understanding of alternative investments
• Report generation using financial software
• Risk assessment in fund administration
• Adaptability to evolving client needs
• Strong ethical judgment in handling sensitive financial data

Benefits

• Comprehensive health, dental, and vision insurance plans with employer contributions
• 401(k) retirement savings plan with generous company matching
• Paid time off including vacation, sick days, and parental leave
• Professional development programs, including tuition reimbursement and access to internal training
• Employee stock purchase plan and performance-based bonuses
• Wellness programs with gym memberships and mental health support
• Flexible work arrangements, including hybrid options in Jersey City
• Global mobility opportunities within JP Morgan Chase's international network

JP Morgan Chase is an equal opportunity employer.