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Firmwide Analysis Team Associate

at JPMorgan Chase in Newark, Delaware, United States

Job Description

Corporate Finance: Financial Accounting, Infrastructure & Reporting – Firmwide Financial Control – Associate

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 firm to ensure 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.

Responsibilities:

+ Work closely with line of business controllers, financial control, external reporting, middle office, technology and operations

+ Partner with FAIR teams globally

+ Manage the consolidation of JPMorgan Chase financial data at month-end across all asset classes, including the ability to support month end, quarter end, and year end activities

+ Perform various NII yield analysis procedures to ensure the integrity of reported financial results

+ Lead monthly yield calls with line of business controllers and financial control to review product-level yield results

+ Hands-on engagement in projects and ad hoc assignments

+ Ability to proactively identify process and/or infrastructure enhancements and work with stakeholders to enact change

+ Oversee preparation of the firm’s primary financial statements at quarter-end for use in the earnings release and SEC filings

+ Control and analyze post-closing entries and consolidation adjustments

+ Enhance the overall control environment around the financial reporting function

+ Mobilize change and automation tools wherever possible in order to simplify processes and enhance controls

Requirements:

+ Basic experience with a financial consolidation and reporting system (i.e. SAP interface)

+ In-depth knowledge of industry standards and regulations

+ 3-5 years accounting, finance, or industry experience

+ Bachelor’s degree in Accounting, Finance, or Business (or equivalent experience)

+ CPA license beneficial, 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.

Equal Opportunity Employer/Disability/Veterans

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Job Posting: JC192049472

Posted On: Sep 10, 2021

Updated On: Oct 24, 2021