Job Information
JPMorgan Chase Asset Management - Income & Growth Real Estate Fund Assistant Controller - Vice President in New York, New York
J.P. Morgan Asset Management, a leading global alternatives manager, offers innovative solutions backed by vast resources and robust governance. We provide customized alternative portfolios tailored to client needs, spanning real estate, private equity, credit, and more. Our Real Estate America's (REA) team manages commercial and residential real estate investments, controlling investment risk and determining optimal financing strategies.
As an Asset Management - Income & Growth Real Estate Fund Assistant Controller - Vice President within the Financial Department of Real Estate Americas, you will assist 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.
Job Responsibilities
Mange the month-end and quarterly pricing, financial reporting and accounting of real estate Funds. Oversight of fund administrator to produce quarterly/annual reports for Fund.
Interact heavily with third-party fund administrator, independent external auditors, tax practitioners, legal counsel and other professional service providers. Oversight of third parties monitoring their compliances with responsibilities, budgets and deadlines.
Review and coordinate the quarterly debt mark-to-market process.
Oversee, approve and manage payments made at the fund level.
Oversee coordination of property and client financial data used by tax practitioners for quarterly and year-end tax filing. Prepare and review cash flow, profitability and return on investment analyses used for portfolio management decision-making.
Field questions and run analyses for the Fund's Portfolio Manager and Controller.
Coordinate with the client service and marketing team regarding responses to client questions and requests.
Develop and maintain relationships for all internal and external clients and consultants. Collaborate internally and with other groups to ensure the Fund maintains its guidelines.
Coach, mentor and develop internal resources.
Review and analyze property financial information including annual budgets. Ensure that all investments are accounted for in accordance with GRA policies and procedures as well as GAAP. Review management agreements, loan documents, and partnership agreements to ensure Fund's compliance.
Review covenant analyses for third party debt/lines of credit.
Required qualifications, capabilities and skills
Minimum of 6 years of accounting experience.
Bachelor's degree with major in accounting.
C.P.A. required.
Computer literacy and working knowledge of Excel and Word.
Experience in financial related capacities is required.
Strong accounting, analytical and problem solving skills.
Understanding of investment structures, promote structures, mortgage documents, development agreements, partnership agreements, and purchase and sale agreements.
Detail oriented with strong organizational skills.
Solid communication skills.
Ability to work in many roles within the team framework (leader, support, coworker, backup for peers).
Preferred qualifications, capabilities and skills
- Real Estate accounting experience preferred
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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 $145,000.00 - $225,000.00 / year