What are the responsibilities and job description for the Asset Management - Alternative Credit Fund Controller - Vice President position at JPMorgan Chase?
The Global Alterative Investment Solutions team supports the JPMorgan Alternative Asset Management business that has $22 billion in assets and includes customized portfolios, fund of hedge funds, private credit, and cross alts portfolios.
As an Alternative Credit Fund Controller within the Global Alternatives Investments Solutions team, you will oversee financial operations of private credit funds. You will work closely with an experienced group of professionals while being involved in all aspects of financial reporting, accounting, tax, internal controls, and oversight over service providers. You will own core functional responsibilities and participate in more tactical and strategic initiatives working with senior leadership.
Job Responsibilities
- Assist in the oversight of month-end and quarterly pricing, financial reporting and accounting for the private credit fund and 40 Act interval fund.
- Focus on multiple underlying portfolio reviews and interaction with investment/deal team members.
- Research and report on market and industry trends/updates with regards to valuation policies.
- Assist in the Operational Due Diligence process with strict focus on tax review, compliance, and fund suitability for potential investments.
- Assist in the review of quarterly/annual financial statements for the private equity tender fund including all regulatory filings (N-Port, N-CSR, etc.).
- Ensure that all investments are accounted for in accordance with US GAAP and other local GAAP as needed. Conduct technical accounting research and ensure appropriate application to private credit investments.
- Review and analyze the communication of financial performance
- Prepare monthly and quarterly reporting process. Interaction with IR, Internal Financial Reporting, Fund administrators and other parties.
- Prepare and review cash flow, profitability and return/performance analyses used for portfolio management decision-making.
Required qualifications, capabilities and skills
- 7 or more years of private credit funds and/or hedge fund of fund experience
- Strong technical accounting skills with an emphasis on private credit/40 Act accounting, must be a subject matter expert in all aspects of SEC reporting obligations for private credit interval funds.
- A thorough understanding of hedge fund accounting, financial & tax reporting and fund administration
- Excellent communication skills, both written and oral, including the ability to interact with all levels of the organization
- Strong problem solving, analytical, and decision-making abilities
- Team player, highly motivated, self-starter with strong organizational/multi-tasking skill
- Ability to adapt to a rapidly changing business and technical environment
- Bachelor’s degree in accounting
Preferred qualifications, capabilities and skills
- CPA preferred
