Asset Management - Private Equity Client Operations Associate - Associate

The JPMorgan Private Equity Group (PEG) is looking for an associate to join its Information Management Group due to business growth. This role involves managing client portfolios allocated to private equity funds and supporting portfolio managers.

Responsibilities include evaluating investment information, coordinating activities, performing reconciliations, and preparing financial reports. The associate will also develop workflows to ensure accurate and timely transaction reporting, enhancing data integrity and resource allocation. The position will include responsibility and coordination across a group of clients or portfolios.

The client and portfolio holdings consist of assets allocated to private equity funds. The associate will be responsible to service the client needs and support the portfolio managers responsible for investing the clients’ assets. The position will require the candidate to evaluate information contained in correspondence from underlying investments, review and approve transactions for the proper accounting/tax treatment, co-ordinate activity, perform reconciliations and oversee the clients/portfolios service providers (for example, the custodian), and prepare communications, including financial reports, for the clients’ use.

The associate will assist in the co-ordination of all activities with the client on behalf of the PEG, and this may include transaction reporting, fee billing and performance reporting, as examples. It is expected the associate will develop appropriate work flows to create a controlled environment to ensure all transaction activity and reporting is captured in a complete, accurate and timely manner, which will contribute to the reduction of work flow redundancy, the attribution of greater data integrity and consistency, and the enhancement of personnel resource allocation.

Job

Responsibilities:

• Analyze transaction activity to ensure proper action in accordance with its instructions
• Communicate with private equity partnership any inconsistencies in correspondence and follow-up on missing or incomplete information
• Approve transactions captured in the front end system, Pegasus, and ensure transactions properly processed into proprietary private equity database, Private i
• Prepare separate transaction notification packet for clients’ custodian
• Disseminate the complete packet to custodian and internal users
• Reconcile transaction activity between custodian and Private i reports
• Identify, investigate and resolve discrepancies
• Respond to client and portfolio manager information requests
• Prepare monthly/quarterly reports as required in agreement with clients
• Disseminate reports to appropriate parties
• Liaise with custodian to ensure reconciliation of monthly/quarterly activity
• Evaluate investment performance and identify efficiencies in business processes to support growing business
• Assist CFO in management and reporting Required Qualifications, Skills, and Capabilities:
• 3+ years of accounting and operational experience, with specific private equity exposure.
• Bachelor's degree in accounting or equivalent and knowledge of private equity transactions, management fee calculations.
• Strong communication, spreadsheet, and analytical skills
• Team-oriented with the ability to work independently.