J.P. Morgan Asset Management, the world's third-largest alternatives manager, offers innovative solutions through specialized independent teams. Our strategies, designed to deliver uncorrelated returns, can be customized to team member client needs across the alternative investment spectrum. The Real Estate Americas (REA) business is seeking a Fund Accounting Manager with 4 to 6 years of real estate accounting experience to assist with financial management and reporting requirements.
Job Summary:
As an Asset Management - Real Estate Fund Accounting Manager within the Real Estate Americas (REA) business, you will be responsible for assisting with the financial management of one of our open-end real estate funds. This includes client and internal reporting requirements. You will work closely with an experienced group of professionals, overseeing and engaging in all aspects of real estate financial analysis, accounting, taxation, treasury functions, internal controls, external auditors, and third-party service providers.
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Job Responsibilities:
- Responsible for the month-end pricing, financial reporting and accounting of real estate Fund.
- Prepare and/or review quarterly/annual GAAP financial statements for Fund including audit and marketing team coordination.
- Ensure that the Fund and all investments are accounted for in accordance with US GAAP and conduct technical accounting research to ensure appropriate application to investments and Fund as needed.
- Understanding of real estate investment operations, promote structures, mortgage documents, development agreements, partnership agreements, purchase and sale agreements, and Fund legal structures.
- Review and analyze property and Fund financial information including annual budgets and monthly operating activity.
- Heavy interaction with third-party fund administrator, independent external auditors, tax practitioners, legal counsel and other professional service providers. Oversight of third parties monitoring their compliance with responsibilities, budgets and deadlines.
- Oversee/Coordinate with Fund level debt closings and monitor and prepare and/or review financial covenant compliance for third party debt/lines of credit.
- Ensure tax strategies are appropriately implemented within the Fund and investments' operating and reporting structure and prepare and review Fund cash flow and return/performance analysis used for portfolio management decision-making and internal reporting.
- Coordinate with the client service and marketing team regarding responses to client questions, requests, and presentations. Participate in client due diligence meetings including presenting on operating, reporting and control topics.
- Prepare and/or review covenant analysis for third party debt/line of credit and oversee monthly debt mark-to-market process.
- Oversee and manage Fund's available operating cash and review/coordination of payments.
Required qualifications, capabilities and skills
- 4+ years of Accounting experience
- C.P.A. required
- Strong accounting, analytical and problem solving skills
- Must be detailed oriented with strong organizational work habits
- Ability to work in many roles within the team framework (leader, support, coworker, backup for peers).
- Computer literacy and working knowledge of Excel and Word
Preferred qualifications, capabilities and skills
- Yardi a plus
- Public Accounting background is a plus
- Open ended fund experience is a plus
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, 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
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.