Hedge Fund Services Onboarding - Associate

JobID: 210501168

Category: Product

JobSchedule: Full time

Posted Date: 2024-06-24T12:00:48+00:00

JobShift:

Base Pay/Salary: Brooklyn,NY $91,200.00-$132,000.00

The Hedge fund services (HFS) business is a team which plays a critical role in launching a clients business onto the platform. You will collaborates closely with the wider AIS line of business (Fund Accounting, Investor Relations, Compliance, Internal Audit, Operations, Private Equity and Real Estate) ensuring a smooth transition of the fund to a live environment.

Position Summary:

As an Associate in the global onboarding team, you will play a crucial role in migrating or launching a client's business onto the JPM HFS business platform. Your responsibilities will include reviewing fund documentation, creating fund structure diagrams, initializing application setups, and completing gap analysis. You will work closely with various teams to ensure a smooth transition of the fund to a live environment. This role provides an excellent opportunity to enhance your skills in client/fund setup on multiple HFS systems and contribute significantly to our team's success.

As the Associate, you will collaborates closely with the wider AIS line of business (Fund Accounting, Investor Relations, Compliance, Internal Audit, Operations, Private Equity and Real Estate) ensuring a smooth transition of the fund to a live environment.

Job Responsibilities:

• Provide a premier client service by building a strong relationship with the investment manager and any other third parties.

• Become proficient in client / fund set up on multiple HFS systems such as Arcesium, FuMA, FAIRx and IRIS

• Ensure all scheduled work is completed by agreed deadlines, checklists are signed and files contain all required information prior to closing an event and filing.

• Flag any potential service delivery issues as early as possible, escalate with other team members and manager and adhere to deadlines, communicate delays to manager and ensure work is completed as expected.

• Participate in cross training across the functionalized Onboarding group and work closely with accounting to establish fund structures and allocations.

• On-going review of daily controls and communication of any new training or suggested procedural changes to manager.

• Complete gap analysis on external administrator reports to understand the data points, logging all differences to JPM standards and workflows.

• Complete data mapping of external reports to the data loading templates and reconciliations.

• Work closely with Data Analytics to initialize asset universe and value positions ensuring proper representation.

• Perform detailed NAV reconciliation to administrator with full back up for audit history.

Required qualifications, capabilities and skills:

• A Bachelors Degree finance related.

• Significant experience in the Financial Services industry with prior experience in alternative funds

• Strong working knowledge of fund administration systems and NAV delivery process

• Strong knowledge of hedge fund structures and products including fund of hedge funds.

• Working knowledge of MS Excel & Word

• Ability to effectively communicate with internal and external clients both oral and written

• Professional and proactive approach to work

• Strong organizational skills, concern for quality, accuracy and working to deadlines

• Strong analytical and problem solving skills

• Manage the set up procedures and checklists ensuring all new requirements are captured.

• Perform initial accounting entries for non investment related payables and receivables