What are the responsibilities and job description for the Asset Management - Global Alternatives Valuations - Vice President position at JPMorganChase?
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.
Job Summary:
We are seeking a Vice President for our Valuations Team within J.P. Morgan Asset Management’s Global Alternatives Group. Reporting to the Head of Valuations for Global Alternatives, the new team member will be responsible for the review of private market investment valuations, including equity and debt valuations of investments in JPMAM’s U.S. Real Estate, Private Credit, and Private Capital funds and accounts, with an opportunity to expand into international real estate, Infrastructure, and Transportation in the future.
The job is designed to promote ongoing contact between the Valuations Team, Head of Valuations, external valuers, seasoned asset managers, analysts/associates, and investment team members.
Job responsibilities:
- Understanding the three (3) appraisal approaches to value – income, sales comparable/market, and cost; reviewing appraisals and commenting on the reasonableness of values and assumptions; quickly identifying errors and issues, discussing concerns and issues raised by asset management; and communicating effectively with appraisers to bring resolution to value conclusions in accordance with required reporting timeframes.
- Audit Support – Responding to auditors’ questions and providing additional information when needed for asset valuations.
- Platform-wide initiatives – Actively participating in initiatives to benefit the broader platform, such as training activities, process/technology enhancements, etc.
- Communication with management and across functional areas – Informing the Head of Valuations of difficulties/weaknesses in the valuation process and proposing potential solutions.
- Investment Committee Presentation Reviews – Attending/reviewing investment committee presentations for new acquisitions and originations and identifying appraisal risk/inconsistencies in the pricing of prospective acquisitions versus current appraisal pricing.
- Financial Modeling - fluency in Argus Enterprise and Excel, and the ability to model valuations is required.
- Written/Oral Presentation Skills - the new team member must possess strong written and verbal skills and will be expected to present their findings, decisions, etc. and defend the same to internal and external stakeholders, including portfolio managers, internal/external auditors, service providers, and investors.
Required qualifications, capabilities and skills
- Strong understanding of and interest in alternative asset classes, including debt funds and direct investments in private companies, possess well-developed written and quantitative analysis skills, and a level of intellectual curiosity that will cause the individual to challenge their co-workers to share their professional knowledge and experience continuously.
- Abstract reasoning skills, a high degree of organization, the ability to handle multiple tasks simultaneously, and the ability to self-start are all attributes that contribute to success in this position.
- A minimum of eight years of prior experience in institutional private market asset valuations is required.
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.
