Alt. Investments Prtnrship/Fund Accountant (**CPA required**)

JPM Alternative Investments Group: Partnership Accountant

Business Description:



The J.P. Morgan Private Bank's Alternative Investments Group sources, structures, markets and services private equity, hedge fund, exchange fund and other alternative investments for private banking clients worldwide. A wholly owned subsidiary, J.P. Morgan Private Investments Inc. ("JPMPI") has been established to act in the capacity of General Partner or Manager of the investments structured by this group. As such, many of the Alternative Investment Group members perform roles associated with JPMPI. JPMPI, in this capacity, is hired to perform due diligence on managers, manage investment marketing efforts and closings, and provide ongoing investor servicing for our investments.



The Partnership Accountant is an Associate position available within the Alternative Investment Group's fund administration team. The role will provide the candidate with exposure to the day to day operation of alternatives assets: hedge funds, private equity, exchange funds and other alternative assets. The Partnership Accountant will be responsible for overseeing the accounting, financial reporting, tax reporting, compliance and operational controls for investments offered by the alternative investments team. The position will also entail the interaction with our out-sourced service providers to ensure that the information generated by the vendor conforms to GAAP, is accurate and timely, so that it can be included in the financial reporting of the investments to the Private Bank clients. The position will require close daily interaction with the Investor Relations group in support of our marketers and investor base worldwide.



Responsibilities include:

Responsible for all aspects of Audit, Accounting, Tax and financial reporting for structured investments. Review of Trial Balances, Working Papers, Sub-ledgers and reconciliation reports.

Participate in the external audits for structured investment fund vehicles where JPMPI acts as administrator.

General oversight and review of our vendors that provide fund/partnership accounting, tax and audit services including review monthly, quarterly, annual valuations and financial/tax reporting.

Manage and review investment funds' accounts payable and billing of management fees earned on structured investments.

Manage and coordinate fund administrator, audit and tax preparer relationships with the business group.

Provide accounting expertise in support of Investor Relations for internal marketers & external clients. Ability to read, understand and interpret GAAP financials

Interface with key business, accounting and operational counterparts in global locations





The Partnership Accountant will report directly to the Chief Administrative Officer of the Alternative Investment Group and will interact daily with the Group's structuring, marketing, investor relations professionals, Private Banking marketers and investors globally.



REQUIREMENTS


Required:

CPA (minimum 5 years experience, including experience at a Big 5 accounting firm)

Experience in Alternative Assets (Private Equity, Hedge Funds, Exchange Funds)

Investment Partnership Accounting and Fund Accounting expertise

Strong knowledge of US GAAP principles

Financial Reporting preparation and review

Experience with participating and overseeing financial audit engagements

Strong interpersonal skills and polished presentation skills for investor communication

Understanding of general financial products



Recommended:

Familiarity with US Federal tax rules for partnerships, corporations & individuals a plus

Understanding of non-US accounting rules: IASB, German GAAP, etc.

Experience with Transaction Posting and Portfolio Accounting Systems

Familiar with Asset Management / Private Banking businesses

Experience with partnership accounting and tax reporting systems