JP Morgan Chase

Runs a consumer bank and an investment bank

Fund Services Associate 1

Financial AccountingConfirmed live in the last 24 hours

Full-timeMumbai, Maharashtra, IndiaNo salary listedIn-person

About the Job

Requirements

At least 8 years of experience in Fund Accounting and/or Reconciliations, with a solid understanding of financial products.
Strong people leadership and management capability, with the ability to build key internal relationships across locations.
Strong attention to detail and analytical review skills, particularly related to Fund Accounting numbers and reporting.
Excellent understanding of US regulations, mutual funds, and net asset value (NAV).
In-depth knowledge of investment banking and capital markets products, including reconciliation and investigation of differences, trade lifecycle fundamentals, and product exposure including mortgage-backed securities (MBS), asset-backed securities (ABS), and dividends.
Strong risk, control, and procedure orientation, with the ability to apply checklists and standard operating procedures rigorously.
Ability to implement change and manage initiatives alongside business-as-usual workload.

Responsibilities

Reconcile and resolve differences in clients’ cash and stock entitlements across Trade and Income products, including paydowns, interest and dividends, collateral, and margins.
Review cash and asset breaks between accounting and custody records, and ensure commentary is clear and understood by internal stakeholders and clients.
Review day-to-day activities according to standard operating procedures, meeting agreed client deadlines and service-level agreements.
Perform or coordinate audit support and resource planning for peak cycles with internal parties.
Conduct ongoing analysis of client accounting records and escalate potential issues appropriately.
Identify and correct misstatements and detect and escalate potential audit findings.
Engage stakeholders to respond to accounting-related queries and ensure adherence to risk and control checks, checklists, and standard operating procedures; keep documentation up to date.
Liaise with OCM (internal control) on issues requiring review.
Manage team activities, including objective setting, performance reviews, and ongoing feedback; provide timely updates, management information, and coordination with local and global management.
Understand data flow between accounting and custody systems; perform root-cause analysis of breaks; submit workflow and process redesign changes; and follow up with stakeholders and technology partners through closure to eliminate recurring breaks.

Desired Qualifications

A strong reconciliation background, demonstrating the ability to compare transactions and positions and investigate and resolve breaks.
A postgraduate qualification with a major in Finance or Accounting.
Demonstrated experience driving workflow redesign and partnering with technology teams to permanently remove root-cause breaks.

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 Servicing Associate I within JPMorganChase, you will play a pivotal role in enhancing our operational services related to fund accounting and administration. Your work will have a meaningful impact within our department, as you apply your broad knowledge of fund servicing principles and practices to perform diverse activities requiring analysis and judgement. With your advanced emotional intelligence, you will build trusting relationships with peers, managers, and stakeholders, fostering a collaborative environment. Your continuous improvement mindset will drive you to propose and implement improvements to our current working methods, contributing to the efficiency and resilience of our operating platform.

Job responsibilities

Reconcile and resolve differences in clients’ cash and stock entitlements across Trade & Income products (e.g., paydowns, interest & dividends, collateral, margins).
Review cash and asset breaks between accounting/custody records; ensure commentary is clear and understood by internal stakeholders and clients.
Review day-to-day activities per SOPs, meeting agreed client deadlines and SLAs.
Perform/coordinate audit support and resource planning for peak cycles with internal parties.
Conduct ongoing analysis of client accounting records; escalate potential issues appropriately.
Identify and correct misstatements; detect and escalate potential audit findings.
Engage stakeholders to respond to accounting-related queries and adherence to all risk and control checks, checklists, and SOPs; keep documentation up to date.
Liaise with OCM (internal control) on issues requiring review.
Manage team activities including objective setting, performance reviews, and ongoing feedback; provide timely updates, MIS, and coordination with local/global management.
Understand data flow between accounting and custody systems; perform root-cause analysis of breaks; submit workflow/process redesign changes; follow up with stakeholders/technology partners through closure to eliminate recurring breaks.

Required qualifications, capabilities, and skills

8+ years experience in Fund Accounting and/or Reconciliations, with a solid understanding of financial products.
Strong people leadership/management capability; ability to build key internal relationships across locations.
Strong attention to detail and analytical review skills, particularly related to Fund Accounting numbers and reporting.
Excellent understanding of US regulations, Mutual Funds, and NAV.
In-depth knowledge of investment banking/capital markets products; operational SME knowledge such as:
- Reconciliation and investigation of differences
- Trade lifecycle fundamentals
- Product exposure including MBS, ABS, dividends (as referenced in the JD)
Strong risk, control, and procedure orientation; ability to apply checklists/SOPs rigorously.
Ability to implement change and manage initiatives alongside BAU workload.

Preferred qualifications, capabilities, and skills

Strong reconciliation background (explicitly called out as a significant advantage), demonstrating ability to compare transactions/positions and investigate/resolve breaks.
Postgraduate qualification with a major in Finance/Accounting (added value).
Demonstrated experience driving workflow redesign / partnering with technology teams to permanently remove root-cause breaks.

About the Company

JP Morgan Chase

Runs a consumer bank and an investment bank

JPMorgan Chase runs the largest bank in the United States, which serves households and small businesses as Chase and large companies, governments, and investors as J.P. Morgan. During the 2008 financial crisis it bought the failing investment bank Bear Stearns and lender Washington Mutual, and in 2023 it took over First Republic Bank after regulators seized it. Chase takes deposits and earns interest on credit cards, mortgages, and car loans, while the investment side earns fees for advising on mergers, raising money for companies, trading stocks and bonds, and managing wealth. Formed in a 2000 merger, JPMorgan Chase traces its roots to 1799 and is based in New York City.

Company size: 10,001+
Company stage: IPO
Headquarters: New York City, New York
Founded: 1799

Recently Posted Jobs

Explore more opportunities at JP Morgan Chase

See more jobs