J.P. Morgan Asset Management is the world’s third-largest alternatives manager, with a 40-year history of delivering innovative alternative solutions across market cycles. Our alternative investment engines are managed by highly specialized independent teams, backed by the global reach, vast resources and robust governance of J.P. Morgan Asset Management. Our alternative strategies are designed to achieve specific client outcomes and built to deliver uncorrelated returns to traditional asset classes. Customized alternative portfolios can be tailored to individual client needs. We offer strategies across the alternative investment spectrum, including real estate, private equity and credit, infrastructure, transportation, liquid alternatives and hedge funds.

JP Morgan’s Real Estate America’s (REA) identifies, analyzes, acquires and manages commercial and residential real estate investment through a variety of ownership structures including public and private vehicles. As investment manager on behalf of its clients, JP Morgan develops, redevelops and operates these properties. also assesses capital markets and controls investment risk in determining the optimal financing, diversification and disposition strategies for the managed real estate.

As a Fund Accounting Manager in the Financial Department of Real Estate Americas you will assist with the financial management of one of its open end real estate funds including client and internal reporting requirements. You will work closely with an experienced group of professionals while overseeing /engaging in all aspects of real estate financial analysis, accounting, taxation, treasury functions, internal controls, external auditors and third party service providers.

Job Responsibilities

• Responsible for 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.
• 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 compliances with responsibilities, budgets and deadlines.
• Responsible for review and coordination of quarterly debt mark-to-market process. Oversight and management of quarterly client statement process including review of final product.
• Oversight, approval and management of payments made at the fund level, in addition to treasury maintenance. Also includes facilitation of quarterly tax payment process.
• 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 

• 6-8 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