Asset Management - Separate Accounts Real Estate Assistant Controller – Vice President

J.P. Morgan Asset Management is the world’s third-largest alternatives manager, with a 40-year history of delivering innovative alternative solutions across market cycles. Our alternative investment engines are managed by highly specialized independent teams, backed by the global reach, vast resources and robust governance of J.P. Morgan Asset Management. Our alternative strategies are designed to achieve specific client outcomes and built to deliver uncorrelated returns to traditional asset classes. Customized alternative portfolios can be tailored to individual client needs. We offer strategies across the alternative investment spectrum, including real estate, private equity and credit, infrastructure, transportation, liquid alternatives and hedge funds.

JP Morgan’s Real Estate America’s (REA) identifies, analyzes, acquires and manages commercial and residential real estate investment through a variety of ownership structures including public and private vehicles.  As investment manager on behalf of its clients, JP Morgan develops, redevelops and operates these properties.   JP Morgan’s REA also assesses capital markets and controls investment risk in determining the optimal financing, diversification and disposition strategies for the managed real estate.

As Separate Accounts Real Estate Controller, you will be part of a team that assists with the financial management of several of its separately managed accounts and targeted strategy funds, including client and internal reporting requirements. You will work closely with an experienced group of professionals while overseeing and engaging in all aspects of real estate financial analysis, accounting, taxation, treasury functions, internal controls, external auditors and third party service providers. This team supports approximately 35 Real Estate Separate accounts.

Job Responsibilities

• Review and analyze property financial information. Ensure that all investments are accounted for in accordance with current policies and procedures as well as GAAP and review management agreements, loan documents, and partnership agreements to ensure Fund’s compliance.
• Responsible for the month-end and quarterly pricing, financial reporting and accounting of real estate Funds (with some oversight of individual direct real estate assets). Produce quarterly/annual reports for Fund.  Responsible for quarterly debt mark-to-market process.  Prepare covenant analyses for third party debt/lines of credit
• Prepare and review cash flow, profitability and return on investment analyses used for portfolio management decision-making and oversight of payments made at the fund level, in addition to treasury maintenance (includes tax payment process).  Field questions and run analyses for the Fund’s Portfolio Manager and Director of Finance
• Oversight of third parties monitoring their compliances with responsibilities, audits, budgets and deadlines. 
• Oversight of payments made at the fund level, in addition to treasury maintenance (includes quarterly tax payment process).
• Develop and maintain relationships for all internal and external clients and consultants. 

 

Required qualifications, capabilities and skills 

• 6-8 years of Accounting experience 
• Bachelor’s degree with a major in Accounting
• Certified Public Accountant (C.P.A.)
• Experience coaching and mentoring peers and audit team
• Strong accounting, analytical and problem-solving skills
• Understanding of investment structures, waterfalls, mortgage documents, development agreements, partnership agreements, and purchase and sale agreements. 

 

Preferred qualifications, capabilities and skills

• Real Estate accounting experience preferred

 

JPMorgan Chase & Co., 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefit