What are the responsibilities and job description for the Asset Management - Debt Fund Controller - Executive Director position at JPMorgan Chase?
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 optimizing financing strategies.
As a Separate Accounts Real Estate Controller within our dedicated financial management team, you will assist with the financial oversight of several separately managed accounts and targeted strategy funds. This includes meeting both client and internal reporting requirements. You will collaborate closely with a team of seasoned professionals, overseeing and participating in all facets of real estate financial analysis, accounting, taxation, treasury functions, internal controls, external auditors, and third-party service providers. Our team provides support to approximately 35 Real Estate Separate accounts.
Job Responsibilities
- Financial Oversight:
- Oversee and coordinate financial reporting, accounting, and treasury functions for all REA Debt Funds.
- Manage the quarterly and annual financial statement process, ensuring compliance with REA’s policies, procedures, and US GAAP.
- Collaboration and Compliance:
- Collaborate with other REA controllers to ensure adherence to REA’s policies and US GAAP.
- Work directly with the Portfolio Manager to address investor questions, strategy, liquidity, and ad hoc analyses.
- Third-Party Coordination:
- Oversee interactions with third-party fund administrators, auditors, tax practitioners, and legal counsel.
- Monitor third-party compliance with responsibilities, audits, budgets, and deadlines.
- Accounting and Control:
- Identify and resolve accounting and control issues related to funds and investment strategies.
- Ensure all investments comply with current policies, procedures, and GAAP.
- Financial Analysis and Reporting:
- Manage month-end and quarterly pricing, financial reporting, and accounting of the Funds.
- Produce quarterly/annual reports and prepare covenant analyses for third-party debt/lines of credit.
- Cash Flow and Treasury Management:
- Prepare and review cash flow, profitability, and return on investment analyses for portfolio management.
- Oversee fund-level payments and treasury maintenance, including the tax payment process.
- Relationship Management:
- Develop and maintain relationships with internal and external clients and consultants.
- Team Support and Special Projects:
- Demonstrate flexibility by supporting team roles and undertaking special projects as assigned.
Required qualifications, capabilities and skills
- 12 years of Accounting experience
- Real Estate and debt accounting experience
- Bachelor’s degree with a major in Accounting
- Certified Public Accountant (C.P.A.)
- Experience coaching and mentoring peers and audit team
- Strong accounting, analytical and problem-solving skills
- Understanding of debt structures, modifications/extinguishment, amortizations, fair value, etc.
- Understanding of waterfalls, mortgage documents, development agreements, partnership agreements, and purchase and sale agreements.
