Location: New York,NY, USA
JobID: 210542842
Category: Portfolio Management
JobSchedule: Full time
Posted Date: 2024-08-12T14:03:19+00:00
JobShift:
Base Pay/Salary: New York,NY $145,000.00-$225,000.00
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 determining optimal financing strategies.
As an Asset Management - Income & Growth Real Estate Fund Assistant Controller - Vice President within the Financial Department of Real Estate Americas, you will assist with the financial management of one of our open end real estate funds. This includes client and internal reporting requirements. You will work closely with an experienced group of professionals, overseeing and engaging in all aspects of real estate financial analysis, accounting, taxation, treasury functions, internal controls, external auditors and third party service providers.
Job Responsibilities
* Mange the month-end and quarterly pricing, financial reporting and accounting of real estate Funds. Oversight of fund administrator to produce quarterly/annual reports for Fund.
* Interact heavily with third-party fund administrator, independent external auditors, tax practitioners, legal counsel and other professional service providers. Oversight of third parties monitoring their compliances with responsibilities, budgets and deadlines.
* Review and coordinate the quarterly debt mark-to-market process.
* Oversee, approve and manage payments made at the fund level.
* Oversee coordination of property and client financial data used by tax practitioners for quarterly and year-end tax filing. Prepare and review cash flow, profitability and return on investment analyses used for portfolio management decision-making.
* Field questions and run analyses for the Fund's Portfolio Manager and Controller.
* Coordinate with the client service and marketing team regarding responses to client questions and requests.
* Develop and maintain relationships for all internal and external clients and consultants. Collaborate internally and with other groups to ensure the Fund maintains its guidelines.
* Coach, mentor and develop internal resources.
* Review and analyze property financial information including annual budgets. Ensure that all investments are accounted for in accordance with GRA policies and procedures as well as GAAP. Review management agreements, loan documents, and partnership agreements to ensure Fund's compliance.
* Review covenant analyses for third party debt/lines of credit.
Required qualifications, capabilities and skills
* Minimum of 6 years of accounting experience.
* Bachelor's degree with major in accounting.
* C.P.A. required.
* Computer literacy and working knowledge of Excel and Word.
* Experience in financial related capacities is required.
* Strong accounting, analytical and problem solving skills.
* Understanding of investment structures, promote structures, mortgage documents, development agreements, partnership agreements, and purchase and sale agreements.
* Detail oriented with strong organizational skills.
* Solid communication skills.
* Ability to work in many roles within the team framework (leader, support, coworker, backup for peers).
Preferred qualifications, capabilities and skills
* Real Estate accounting experience preferred