CIB Operations - Fund Accounting Analyst - Associate - Hong Kong
Custody and Fund Services (C & FS)
Custody and Fund Services a division of JPMorgan Chase Bank, N.A., is a global industry leader with $20 trillion in assets under custody. JPMorgan provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and debt and equity issuers. JPMorgan's WSS leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services.
The fund accounting analyst will work with the fund accounting manager to provide direction & leadership in order to deliver a world class service to clients ensuring client satisfaction is achieved through the establishment of and adherence to policies and procedures as they relate to fund accounting.
Rendering accurate and timely accounting statements in compliance with customer expectations and departmental standards
Reviewing transactions on a daily basis to ensure conformity to established policies and procedures
Monitoring cash and asset variances between the core systems and the accounting system on a daily basis and resolving discrepancies
Monitoring income activity and ensuring that all overdue items are resolved
Communicating with service partners to ensure the timely resolution of all inquiries both internally and externally
Assisting with systems testing for any new releases or enhancements and maintaining a system of filing and account profiles to facilitate continuity at all times
Participating in various projects as assigned
Reviewing and controlling of the daily operation, ensuring adherence to procedures and controls and providing necessary data to senior management and clients
Reviewing NAVs prior to release
Reviewing key areas of daily operations in order to ensure accuracy and compliance with procedures and controls
Reviewing all monthly reconciliation packages
Ensuring the integrity and accuracy of fund records
Ensuring the completeness and timeliness of reporting to clients, outside parties, and other internal departments
Reviewing accounting related issues included in new fund set up, monitoring key indicators of fund status (past due income, cash balances, corporate actions, etc.) and taking prompt action to correct problems as required
Coaching and developing new employees
Essential skills / Experience
Fluency in English, with advanced Mandarin being preferable
Minimum 5-10 years fund accounting experience
Strong technical skills including accounting principles and theories
CPA preferred but not essential
Thorough understanding of security types and their accounting treatment
Proven ability to establish and prepare key metrics to measure workflow capacity, system efficiency and effectiveness of controls
Knowledge of stock market practices and data vendor systems (e.g. Bloomberg)
Experience in dealing directly with a fund's Custodian Bank and Investment Manager.
Analytical with good problem-solving skills. Strong organisational skills.
Control focus with a thorough understanding of operational risk
Business process and procedure orientated.
Committed approach with the ability to communicate effectively within a small team
Excellent communication, influencing and negotiation skills with the ability to develop and maintain collaborative relationships both internally and with external clients
Detailed knowledge of business processes and procedures as well as service and systems (including downstream impacts)
Proven ability to operate effectively in a matrix organization with the ability to work under pressure and to tight timeframes
University graduate, preferably with a major in Accounting or Finance