Corporate Finance: Financial Accounting, Infrastructure & Reporting – Allocations & Attributions – Analyst
The Financial Accounting, Infrastructure and Reporting (FAIR) team is accountable for the integrity of the books and records of the Firm / LOBs and leading large-scale data, infrastructure, accounting standard and business process change management events. The regional locations covered by FAIR include EMEA (Europe/Middle East/Africa), North America and Asia.
The organization closely examines the general ledger, operating systems and infrastructure controls across the entire lifecycle and diverse product scope of the investment bank to ensure the firm’s financial information is accurately depicted for reporting and regulation purposes. This financial information is used by 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, consolidation, reporting, balance sheet reconciliation and substantiation, general ledger reconciliation reporting & governance, inter-entity control and governance, manual accounting/bookings to the general ledger and operating systems, and executing the month end close process.
Job Description
Manage the monthly consolidation of JPMorgan Chase income statement and balance sheet
Develop and maintain financial reports and schedules
Control post-closing entries and consolidation adjustments
Perform various control procedures to ensure the integrity of reported financial results
Participate in all aspects of the production of the monthly financial Flash Report
Support ad-hoc requests for financial information received from across the firm
Work closely with the line of business controllers, middle office and operations areas to understand the operational impact of trading strategies and settlement practices for the businesses globally
Work with various areas to research, escalate, and clear cash and settlement exceptions in a timely manner
Work with the businesses and controllers to understand and sign off on monthly profit and loss
Complete monthly general ledger reconciliation process
Effectively mentoring other analysts to help them develop their business knowledge and soft skills
Skills
Excellent verbal and written communication skills
Excellent organizational, problem-solving skills, negotiation and analytical skills
Excellent desktop/spreadsheet/database skills
Ability to work well under pressure and balance multiple priorities
Ability to build and maintain partnerships within the various product aligned businesses and across other corporate groups
Ability to understand business drivers and requirements and influence others to deliver solutions
Ability to critically challenge with the goal of identifying control issues
Ability to quickly understand workings of a complex processing system and general ledger systems across the infrastructure and their interrelationships and dependencies
Aptitude for learning and leveraging systems and data flows
Basic understanding of the firm’s products
Focuses on doing what is right rather than what is expedient
Qualifications
Post graduate/CA Inter with 3-4years financial service Industry experience
Basic experience with a financial consolidation and reporting system (i.e. SAP interface)
In-depth knowledge of industry standards and regulations
CPA license beneficial in some FAIR roles but not required
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.
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