Job Details
Qualifications
- Accounting
- Analysis skills
- Associate's degree
- Bachelor's degree
- Balance sheet reconciliation
- Budgeting
- General ledger reconciliation
Benefits
- Health insurance
- Retirement plan
- Tuition reimbursement
Job Description
Job Summary:
The Financial Accounting, Infrastructure & Reporting organization (FAIR) is responsible for the accuracy, integrity and timeliness of the Firm's financial results - books and records, while providing financial reporting to both internal and external clients.
The FAIR organization closely examines the general ledger, operating systems and infrastructure controls across the entire lifecycle of the business to ensure the firm's financial information is accurately depicted for reporting and regulation purposes. This financial information is used by external analysts to assess the firm's financial position; by management to make sound financial decisions; by investors to make informed decisions; and by regulators to supervise and examine the firm appropriately.
The most common functions and activities owned by FAIR include but are not limited to the following: financial analysis, financial consolidation, reporting, balance sheet reconciliation/certification/substantiation, general ledger reconciliation reporting & governance, inter-entity control and governance, suspense analysis and clearing, manual accounting/bookings to the general ledger and operating systems, and execution of the month end financial close process.
The Financial Accounting and Reporting Sr. Associate will be required to work closely with the Line of Business Planning & Analyst (P&A) teams, Legal Entity Controllers and other key business partners.
Job Responsibilities:
Be part of the team that supports the production of the Firm wide Expense Allocation process for JPMorgan Chase & Co., responsible for producing the annual budget submission for the Plan/Forecast periods.
Work with the immediate team as leader, and with global business partners to support the production of the monthly actual allocation process. Key partners include Line of Business P&A and supporting staff, Legal Entity Controllers and supporting staff, and Financial Control teams among others.
Ensure integrity and accuracy of business inbound loads/interfaces, allocation rules and reference data.
Coordinate the publication of Indirect Expense results combining MIS, legal entity, tax and regulatory requirements.
Understand in order to monitor, the broad/global flow of transactions, via Legal Entity and Line of Business, into the consolidated financial results of the firm.
Understand Finance reference data and the legal entity structures that support the General Ledger architecture.
Perform variance analysis and research, produce metrics and related reporting.
Understand and support the application of GAAP accounting principles.
Assist Project Management team with the development of business requirements (BRD) to guide tech development, executing user acceptance testing and updating procedures/training materials.
Process SAP General Ledger entries as needed.
Management / Oversight a team of 3 Analysts/Associates
Required qualifications, capabilities, and skills:
Bachelor's degree in Accounting, Finance, or Business
Knowledge of GAAP accounting standards
Excellent verbal and written communication skills
Strong analytical skills
Exceptional organization and problem-solving skills
Basic understanding of General ledger; prior exposure to relevant function an added advantage
Prior Management experience required
Ability to work and multi-task in a fast paced, sometimes high pressure environment
Ability to balance multiple priorities and execute in a constantly changing environment
Comfort liaising with line of businesses, Legal Entity Controllers and risk managers
Ability to build and maintain partnerships within the various product aligned businesses and across other corporate financial and accounting groups
Strong team player with the ability to coordinate & establish strong connects across global teams
Constantly work to mobilize change in order to simplify processes and enhance controls
Able to critically challenge all processes, with the goal of identifying control issues and improving the control environment on an ongoing basis
Excellent attention to detailed sets of data
Preferred qualifications, capabilities, and skills:
Basic accounting and finance skills preferred
Knowledge of SAP accounting system preferred but Not Required
Experience with financial reporting systems such as Business Objects
Prior work experience of 4+years
Fluency in both written and spoken English
Excellent desktop/spreadsheet/database skills
Expense and/or Budget and Forecasting knowledge preferred
Experience with financial reporting systems, or good ability to learn new systems
Knowledge of industry standards and regulations
#LI-Hybrid
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 recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
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, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
Equal Opportunity Employer/Disability/Veterans