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Custody & Fund Services - Fund Administration - Hybrid - Associate
June 12, 2018
Brooklyn, New York
About J.P. Morgan Corporate & Investment BankJ.P. Morgan's Corporate & Investment Bank is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Private Equity Fund Services ("PEFS") was launched in November of 2005 through the commercialization of the finance and technology team supporting J.P. Morgan's various private equity entities. The line of business has over 200+ dedicated finance and technology professionals with offices in New York, Sydney, London, Dublin, and Jersey (CI). The team provides administration services to more than 100 clients with $200 BN exposure to alternative assets. Mission:The Private Equity Fund Services group is looking for a candidate that will help build out our Private Equity waterfall center of excellence. The candidate will work closely with our Clients, as well as Operations and Technology teams, to develop Private Equity distribution waterfall models on a strategic waterfall platform and continue building on the waterfall knowledge and expertise in the business as we continue to grow and build out our centralized waterfall team. Job Responsibilities:
Gather, document and develop the waterfall requirements for private equity and hybrid funds based on the fund governing documents, agreements, and interpretations of key financial terms, while working closely with client executives and client general counsel.
Build carried interest/incentive fee financial models based on the waterfall requirements to facilitate the Fund Accounting teams in servicing clients.
Maintain continuous alignment of waterfall development project plan objectives to the client's requirements and modify the project plan to enhance effectiveness of the waterfall development process as necessary.
Enhance and maintain effective communication with key engagement partners, including JPMorgan internal Sales, Product, Operations, Tax, and Technology partners.
Private equity waterfall modeling experience is preferred
Bachelor's Degree in Finance/Business/Accounting / Mathematics. Degree in Computer Science or similar technical background will also be considered.
2+ years of Financial Services Industry or equivalent experience
0-2 years minimum private equity experience
Client service experience is required
Self-motivated with high degree of professionalism
Willingness to learn and open to new challenges is a must
Strong understanding of key financial terms in private equity fund agreements
Solid prioritization and organizational skills with exceptional attention to detail
Proven ability to successfully plan, lead, and execute complex engagements while influencing many different groups and individuals to deliver high quality and timely deliverables
Team player who enjoys working in a high performing culture and is open to evolving and changing priorities
Ability to work closely with others to troubleshoot issues and remediate accounting data Intermediate Excel skills
Cascade Suite experience a huge plus
Investran knowledge a plus
VBA programming knowledge, SQL knowledge, and experience with Visio a plus