Asset Management - Real Estate Fund Accounting Manager - Associate

J.P.

Morgan Asset Management, the world's third-largest alternatives manager, offers innovative solutions through specialized independent teams.

Our strategies, designed to deliver uncorrelated returns, can be customized to team member client needs across the alternative investment spectrum.

The Real Estate Americas (REA) business is seeking a Fund Accounting Manager with 4 to 6 years of real estate accounting experience to assist with financial management and reporting requirements.

Job Summary:

As an Asset Management - Real Estate Fund Accounting Manager within the Real Estate Americas (REA) business, you will be responsible for assisting with the financial management of one of our open-end real estate funds.

This includes client and internal reporting requirements.

You will work closely with an experienced group of professionals, overseeing and engaging in all aspects of real estate financial analysis, accounting, taxation, treasury functions, internal controls, external auditors, and third-party service providers.

Job Responsibilities:


* Responsible for the month-end pricing, financial reporting and accounting of real estate Fund.


* Prepare and/or review quarterly/annual GAAP financial statements for Fund including audit and marketing team coordination.


* Ensure that the Fund and all investments are accounted for in accordance with US GAAP and conduct technical accounting research to ensure appropriate application to investments and Fund as needed.


* Understanding of real estate investment operations, promote structures, mortgage documents, development agreements, partnership agreements, purchase and sale agreements, and Fund legal structures.


* Review and analyze property and Fund financial information including annual budgets and monthly operating activity.


* Heavy interaction with third-party fund administrator, independent external auditors, tax practitioners, legal counsel and other professional service providers.

Oversight of third parties monitoring their compliance with responsibilities, budgets and deadlines.


* Oversee/Coordinate with Fund level debt closings and monitor and prepare and/or review financial covenant compliance for third party debt/lines of credit.


* Ensure tax strategies are appropriately implemented within the Fund and investments' operating and reporting structure and prepare and review Fund cash flow and return/performance analysis used for portfolio management decision-making and internal reporting.


* Coordinate with the client service and marketing team regarding responses to client questions, requests, and presentations.

Participate in client due diligence meetings including presenting on operating, reporting and control topics.


* Prepare and/or review covenant analysis for third party debt/line of credit and oversee monthly debt mark-to-market process.


* Oversee and manage Fund's available operating cash and review/coordination of payments.

Required ...