Alternative Fund Services - Waterfall Automation jobs at Jpmorgan in India, Bengaluru

As the Vice President within the Waterfall & Fee Analytics team, you will be responsible for managing a team of skilled waterfall developers and overseeing the implementation and execution of waterfall solutions for AFS clients. You should possess strong communication skills and will be required to engage with clients, vendors, and internal teams to build out waterfall models for new onboardings, maintain existing waterfall models, scope out requirements, and participate in the development of the waterfall function and platform. As part of the wider Product Development function, there will be opportunities to contribute to the development and optimization of the broader AFS technology platform.

Job responsibilities:

• Manage a team of waterfall developers locally in our Bangalore office, and support model build outs.
• Implement bespoke waterfall solutions for our AFS Clients, working closely with client services and fund accounting teams.
• Liaise with third party technology providers to ensure continued robust support and governance framework.
• Onboard new Alternative funds onto Cascade (waterfall system) and maintain existing models.
• Analyse LPAs and Side-Letters to derive calculation methodology of distributions and carried interests, and select the most appropriate model.
• Contribute to the improvement of the strategic waterfall platform, focusing on efficiency, processes, and controls, with quality control procedures to ensure solutions are defect free.
• Collaborate with the data teams to ensure data hygiene in Investran for funds to be compatible with respective waterfall solutions.
• Work with fund accounting teams during fund on-boarding to devise accounting strategies compatible with respective waterfall solutions.
• Provide continued post on-boarding support to ensure smooth functioning of waterfall solutions.
• Work with the reporting team to devise appropriate reporting solutions.
• Participate in development of the broader AFS technology platform.

Required qualifications, skills and capabilities :

• Strong Leadership, communication, and presentation skills, with the ability to interact at all levels (both internal and client)

• Self-starter with a proven track record in Alternative fund administration

• Deep techno-functional expertise of FIS Investran and Deloitte Cascade.

• Experience in supporting Alternative fund administration.

• Expert knowledge of PE/AFS waterfall calculations, including the ability to analyze LPAs.

• Strong organisational skills to clearly gather and document requirements with fund accountant and client services.

• Competency to convert the requirements into appropriate technical solutions.

• Proven financial and analytical skillset.

• Robust organizational and planning skills, with the ability to manage many tasks at once in a structured manner

• An ability to work in teams distributed across the globe and travel to onshore offices

Preferred qualifications, skills and capabilities :

• Crystal, SSRS, Tableau, SQL and/or VBA skills would be an advantage.

Job Responsibilities:

• Review, draft, and negotiate documents related to the covered lines of business.
• Stay abreast of key regulatory agendas impacting JPMorgan's business, supporting regulators and the market innovation agenda, advising and interpreting regulations, and assessing legal risks.
• Participate in regional and global initiatives, including NBIA assessments, and the development of templates, know-how, best practices, and procedures.
• Provide support in the negotiation of facilities and deals, including lending, trade finance, supply chain finance, receivables finance, and bank guarantees.
• Support the larger banking team, when needed, with respect to other products and services, as well as various institutional matters.
• Provide legal and regulatory support in connection with the covered lines of business.

Preferred Qualifications:

• Qualified lawyer with at least 7 years of legal experience in payments, cash management, or bank regulatory, with experience in trade finance.
• Licensed attorney in Brazil.
• Fluent in English.
• Strong regulatory background.
• Strong drafting, negotiation, and legal analytical skills with attention to detail.
• Excellent communication skills, both written and oral.
• Strong interpersonal skills, team-oriented, and ability to work collaboratively with internal stakeholders.
• Ability to apply technical product knowledge and experience to complex and innovative transactions and products.
• Strong commercial focus with a solution-driven approach.
• Ability to work under pressure, prioritize, and respond to business needs and goals.
• Ability to adapt and apply legal skills in new business areas and subjects where the lawyer may not have expertise, and willingness to develop and excel beyond their comfort zone.
• Innovation mindset.

Job summary:

As an Operations Analyst in our Private Equity and Real Estate Services Fund Administration team, you will be responsible for administering private equity funds and other alternative investment vehicles, including preparing financial statements and reports and providing support for investor relations activities. You will be responsible for bookkeeping, reconciliation, calculating fees, preparing financial statements and investor reports, and process improvements.

Job Responsibilities

• Perform daily, monthly, quarterly and annual accounting functions, Book journal entries into Accounting application, Reconcile accounts
• Prepare fund level financial statements including the consolidated balance sheet, income statement, statement of partners' capital, schedule of investments, footnotes to financial statements and cash flows
• Prepare investor capital calls, distributions notices
• Understand fund agreements in order to determine impact on reporting
• Proactively anticipate, communicate and escalate issues to Supervisor in a timely manner
• Work on special and ad hoc projects for internal initiatives & external clients

Required qualifications, capabilities and skills

• Background in Accounting; Bachelor’s degree in Accounting
• Accounting experience in fund accounting
• Attention to detail, Innovative and analytical thinking with excellent verbal and written communication skills
• Team player instincts with the ability to see a project to conclusion with little follow-up
• Superb sense of client service with ability to appropriately exercise professional skepticism and judgment

Preferred qualifications, capabilities and skills

• Familiarity with various private equity legal and investment structures
• Experience using partnership accounting applications (e.g., Investran)

Operations Analyst – Alternative Fund Services - Private Equity and Real Estate Services Fund Administration

As an Operations Analyst in our Private Equity and Real Estate Services Fund Administration team, you will be responsible for administering private equity funds and other alternative investment vehicles, including preparing financial statements and reports and providing support for investor relations activities. You will be responsible for bookkeeping, reconciliation, calculating fees, preparing financial statements and investor reports, and process improvements.

You should be comfortable working with computers and have an aptitude for learning new software and systems quickly.

• Perform daily, monthly, quarterly and annual accounting functions, Book journal entries into Accounting application, Reconcile accounts
• Prepare fund level financial statements including the consolidated balance sheet, income statement, statement of partners' capital, schedule of investments, footnotes to financial statements and cash flows
• Prepare investor capital calls, distributions notices
• Understand fund agreements in order to determine impact on reporting
• Proactively anticipate, communicate and escalate issues to Supervisor in a timely manner
• Work on special and ad hoc projects for internal initiatives & external clients

• Background in Accounting; Bachelor’s degree in Accounting
• 0 - 2 years of accounting experience in fund accounting
• Attention to detail, Innovative and analytical thinking with excellent verbal and written communication skills
• Team player instincts with the ability to see a project to conclusion with little follow-up
• Superb sense of client service with ability to appropriately exercise professional skepticism and judgment

• Familiarity with various private equity legal and investment structures
• Experience using partnership accounting applications (e.g., Investran)

• As a Cash Processing Team Member, you will be responsible for managing the processing of daily cash movements associated with AFS Cash activity
• You will be required to accurately process transactions into business systems, facilitate the booking of all foreign currency trades with JPMorgan’s desk, and confirm all outgoing wire transactions are settled by the receiving institutions
• In addition, you will need to ensure that all transactions are properly funded and that all excess balances are swept into overnight deposits as needed
• In addition to day-to-day tasks, you will be involved in servicing tier 1 clients

• Good knowledge & understanding of capital market, accounting
• Working knowledge of cash investment management and payment control mechanism
• Understanding of traditional and non-traditional products - Private Equity, Hedge Fund, Mutual Fund
• 1+ years of experience with Graduation/Post-Graduation degree & proficiency in computer applications
• Working knowledge / prior experience with Microsoft Office applications

• Ability to collaborate and solve problems that involve multiple stakeholders
• Ability to take initiative, multitask, adapt to change & strong follow through
• Dedicated to superior client service and ability to remain poised under pressure
• Innovative, enthusiastic, attention to detail and keen to deliver accuracy
• Strong interpersonal & organizational skills with a drive for impeccable quality
• Team player with a professional, proactive, and positive approach to work

Introductory Market Language

Job responsibilities:

• Oversee the day to day operation of a team within Investment Operations responsible trade booking, settlement, cash & positions and market value reconciliations, break research and resolution, credit facilities life cycle management and client issue management
• Lead review and monitoring of Client Satisfaction for completeness, accuracy and timeliness of booking Bank Loans transactions
• Work with the leads to develop goals for the team and ensure they are reached
• Review daily/monthly work process for team members, including daily and monthly checklists and see that all tasks are completed
• Ensure that all staff are aware of daily tasks and deadlines are met
• Streamline team processes when needed
• Assist in determining feasibility of new products and services
• Ensure deliverables are met / Sign off on new business and Service level agreements (SLA)
• Communicate with other areas in JPM Fund Services Client Service, Product, Sales, Portfolio Accounting, Technology
• Ensure standardized, efficient process and timely escalation of any potential issues

Required qualifications, capabilities and skills:

• 5 years of experience within financial services specifically Fund Services or related function
• 4 years management experience
• With experience in end- to- end Reconciliation, Trades and Settlement
• Complete understanding of the NAV delivery process
• Ability to effectively communicate with internal and external clients
• Strong knowledge of all investment types
• Keen eye for detail, processes and deadline orientated
• Ability to motivate staff and provide feedback when needed

Preferred qualifications, capabilities and skills:

• Bachelor’s Degree
• Detailed working knowledge of financial data providers such as Bloomberg, Financial Times Interactive Data, MarkIt Partners
• Experience working with syndicated bank loans