Fund Servicing Associate at JPMC Candidate Experience page

Bengaluru, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

25 Jun, 26

Salary

0.0

Posted On

27 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Fund Accounting, Financial Reporting, People Management, Net Asset Values (NAV), Regulatory Requirements, Client Reporting, Reconciliations, SOPs, SLAs, Analytical Reviews, US Regulations, Mutual Funds, Risk Control, Compliance, Process Improvement, Change Management

Industry

Financial Services

Description

Join JPMorganChase as a Fund Services Associate I and become an integral part of our dynamic team. This role offers a unique opportunity to enhance your career by working closely with operations, financial controllers, and external partners. You'll be at the forefront of ensuring smooth fund servicing operations while contributing to process improvements. Embrace the chance to grow your skills in a supportive environment that values innovation and collaboration. As a Fund Accounting Associate within J.P. Morgan Securities Services, you will manage the production and review of Net Asset Values (NAV) and other activities that lead to the correct valuation of mutual fund clients. This role involves taking direct responsibility for the production, review, and delivery of activities related to regulatory requirements and client reporting. You will participate in the production and review from both a detailed and quality perspective of NAV-impacting activities and regulatory reports while leading and developing a team of fund accounting professionals. JOB RESPONSIBILITIES * Review cash and asset break reconciliations between accounting and custody systems, ensuring standard commentary is easily comprehended by all internal stakeholders and clients * Oversee day-to-day activities in accordance with SOPs and within agreed client deadlines and SLAs * Conduct ongoing analysis of client accounting records and escalate potential issues appropriately to relevant stakeholders * Identify and correct misstatements within the accounting records, demonstrating the ability to identify and escalate potential audit findings * Resolve team queries effectively and act as a reference point for junior team members on technical, accounting, and audit-related matters * Interact with stakeholders proactively to respond to any accounting-related queries that may arise * Recognize and act on opportunities to improve processes, developing and making recommendations for change while encouraging the team to contribute ideas for efficiency * Liaise with the OCM (internal control) team on any issues that arise requiring review * Manage team's objective setting, performance reviews, and provide ongoing feedback to support professional development * Understand the flow of information between accounting and custody systems, perform root-cause analysis of breaks, submit workflow or process redesign changes, and follow up with stakeholders or technology partners until closure to eliminate breaks at the source REQUIRED QUALIFICATIONS, CAPABILITIES, AND SKILLS * Bring 7+ years of experience in Fund Accounting or Financial Reporting with a strong understanding of financial products * Demonstrate proven people management experience, including completion of performance reviews and objective setting for a team of 3-5 people * Exhibit strong management skills and the ability to build key internal relationships across multiple locations * Show exceptional attention to detail in reviewing documents and conducting analytical reviews of Fund Accounting numbers and reporting * Possess excellent knowledge and understanding of all primary US Regulations, Mutual Funds, and NAV calculations * Demonstrate risk, control, and procedure-oriented mindset with strong adherence to compliance standards * Apply strong analytical and prioritization skills with the capability to make sound judgments * Communicate clearly and professionally, both verbally and in writing, with internal teams and external stakeholders PREFERRED QUALIFICATIONS, CAPABILITIES, AND SKILLS * Hold a postgraduate degree with a major in Finance or Accounting * Demonstrate experience working extensively in Fund Accounting or Financial Reporting environments * Show proficiency in fund accounting systems and custody platforms * Bring knowledge of regulatory reporting requirements including SEC regulations and compliance frameworks * Demonstrate experience in process improvement initiatives and change management JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. 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 [https://careers.jpmorgan.com/us/en/how-we-hire/faqs] for more information about requesting an accommodation. J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

Responsibilities

The associate will manage the production and review of Net Asset Values (NAV) and related activities for mutual fund clients, taking direct responsibility for regulatory requirements and client reporting delivery. Key duties include reviewing reconciliations, overseeing daily activities, analyzing accounting records, resolving team queries, and leading a team of fund accounting professionals.