Job Description
J.P. Morgan Asset Management is a leading global alternatives manager with a 40-year legacy of delivering innovative solutions across market cycles. Our specialized teams manage alternative investment strategies, supported by the extensive resources and governance of J.P. Morgan Asset Management. We offer a diverse range of strategies, including real estate, private equity, credit, infrastructure, transportation, liquid alternatives, and hedge funds, all designed to achieve specific client outcomes and provide uncorrelated returns to traditional asset classes. Our customized portfolios are tailored to meet individual client needs.
Job Summary: As an Associate in the Fund Accounting Team at J.P. Morgan Asset Management, you will support the financial reporting of one of the largest Commercial Real Estate portfolios. Your responsibilities will include maintaining two sets of accounting books, one adhering to historical cost GAAP and the other to FV (Fair Value) reporting standards, to support the non-traded REIT. You will have the opportunity to collaborate with a team of seasoned professionals, overseeing various aspects of real estate financial analysis, accounting, structuring, and internal controls for properties within a designated geographic area. Additionally, you will work closely with investment professionals on acquisitions, dispositions, and capital restructures, focusing on accounting treatment and transaction execution for REA funds and investors..
Job Responsibilities: - Cultivate and maintain strong relationships with REA investment team members, joint venture partners, and property managers.
- Conduct financial due diligence for acquisitions, collaborating with various REA departments, third parties, sellers, JV partners, and legal counsel.
- Reconcile and analyze differences between historical cost and fair value accounting to provide insights into the financial performance and valuation of real estate assets.
- Provide oversight and guidance on accounting treatment, offering periodic feedback on the quality and thoroughness of work products.
- Review monthly operating results of investments for Fund consolidation and pricing, serving as an escalation point for reporting issues.
- Analyze financial statements and performance metrics (IRR, equity multiples, time-weighted returns, etc.) of real estate investments.
- Engage with independent external auditors and tax practitioners.
- Prepare and review materials valuable for business management, internal stakeholders, and investors.
- Manage outsourced staff, ensuring adherence to responsibilities and deadlines.
Required qualifications, capabilities, and skills: - 5+ years of accounting experience , with a strong understanding of historical cost GAAP and FV (Fair Value) reporting standards.
- 3+ years of real estate experience
- Bachelor's degree in Accounting
- Strong understanding of complex real estate investment structures, mortgage documents, development management agreements, partnership agreements, property management and leasing agreements, and purchase and sale agreements
- Experience managing consultants and meeting time-sensitive deadlines
Preferred Qualifications, Capabilities, and Skills: - CPA certification
- Proficiency in Yardi
- Experience with public REIT's strongly preferred (traded or non-traded REIT's) ,
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, 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.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/Salary New York,NY $110,000.00 - $165,000.00 / year
Job Tags
Permanent employment,