Function Description

The JP Morgan Fund Accounting Team provides a range of services to institutional asset managers based around the APAC region. The Fund Accountant (FA) is responsible for the day-to-day production, validation & delivery of Financial Statements of Accounts & Net Asset Value (NAV) calculations for a group of funds (mutual, insurance, pension, hedge fund etc.). A broad knowledge of fund accounting is required as the FA takes ownership for the accuracy of all accounting and investment components of the financial statements.

 

Responsibilities

Primary responsibility of the FA is the maintenance of accurate accounting and securities records for each fund administered, ensuring all prescribed controls are adhered to for each fund accounting process (e.g. position reconciliation, asset pricing, security trading, income & expense processing etc.). Problem investigation & resolution where accounting or securities transactions are seen to breach the validation tolerances of the JP Morgan system. Timeliness of NAV production, accounting validation and management escalation, in the event of issues, is essential to the success of the individual’s and team’s performance. In addition, the Associate should: Ensure adherence of operational procedures to complete task in an accurate and timely manner.  Document procedures and identify requirements for additional controls. Provide training to new hires. 

 

Key Accountabilities

Prepare file in accordance with internal control checklist for items applicable to that particular portfolio. Keep adequate documentation on file to fully explain and support all items, particularly those, which would be deemed unusual, eg.   Past due dividends, larger than usual price movements (when comparing against assets in the same industry class), large gains and losses in FFX's, large div yield, trade cost per unit vs. ending price comparison and overall benchmarking discrepancies. Complete accurate and legible files within deadlines set by Managers in order to fulfill production requirements Ensure documentation is completed and signed off as per requirements The reconciliation of capital flows where appropriate. Reconcile third party and internally traded forward foreign exchange contracts to their portfolios. The utilization of the WINS-INVEST ONE (reporting)/GTI/ Titan systems to adequately research and resolve issues on portfolios. Analysis of fund performance to ensure final valuations are accurate Assist in the preparation on all ad hoc enquires from clients; this includes both internal and external clients (although emphasis is inter-department communication). Demonstrate sufficient technical knowledge of various investment instruments and markets (stock exchanges) and their effect on the portfolio's valuation. Be able to understand the principles of infrastructure securities, non-listed securities such as mutual funds and their differing pricing methodologies during cum & ex-cum periods and how to interpret third party information where required. Should gain knowledge of the client's structure i.e. its and various types of portfolio's, their deliverables, and some of their specific requirements.

 

Qualifications

Graduate/Post-graduate  Meticulous attention to detail  Ability to work in a deadline driven environment  Client focused  Uses initiative & readily questions  Strong analytical skills  Control oriented  Proficiency with computer applications    Flexibility to work in shifts  Exhibits a 'can do' attitude  Good written & spoken English communication skills

 

  Preferred Skills & Experience

7 years or more in Banking / Financial services industry or with accounting firm. Experience in an automated processing environment. Understanding of security types and their accounting treatment Awareness of stock market practices & data vendor systems (e.g. Bloomberg) Knowledge of the processes of a fund’s Custodian Bank and Investment Manager Analytical with good problem-solving skills Committed approach with the ability to communicate effectively within a small team Flexibility - support department projects and work overtime during peak production periods