Alternative Fund Services – Fund Accounting Associate at JPMorganChase, Toronto, ON
Location: Toronto, ON | Company: Jpmorgan Chase
JPMorganChase is hiring a full-time Alternative Fund Services – Fund Accounting Associate in Toronto, Ontario. This position offers an annual base salary ranging from CA$90,000 to CA$140,000 and provides the opportunity to work with hedge funds, hybrid funds and private equity clients within the Commercial & Investment Bank.
The successful candidate will maintain fund books and records, prepare and review Net Asset Values (NAVs), calculate management and performance fees, support investor reporting and work closely with internal teams and external stakeholders to ensure accurate fund administration and client service.
About the Fund Accounting Associate Role
As a Fund Accounting Associate within Alternative Fund Services, you will play an important role in maintaining the accounting records of hedge funds, hybrid funds and private equity funds. You will ensure fund structures are accurately established in the accounting platform while supporting ongoing fund administration activities throughout the investment lifecycle.
The role combines technical accounting knowledge with client service responsibilities, requiring close collaboration with Investor Relations, audit, tax, compliance, implementation teams and other internal support functions. The position focuses on delivering accurate financial information while meeting service level agreements and maintaining a strong control environment.
Key Areas of Responsibility
The Fund Accounting Associate will support a wide range of accounting and client reporting activities across alternative investment funds.
Fund Accounting
Maintain the books and records of hedge funds, hybrid funds and private equity funds while ensuring accurate financial reporting.
Fund Setup and Maintenance
Review governing documents and related agreements to ensure fund structures and investments are correctly established and maintained within the accounting system.
NAV and Fee Calculations
Prepare or review periodic Net Asset Values, management fees, carried interest, performance fees, investor allocations and capital account statements.
Capital Activity
Calculate capital calls and distributions, prepare investor notices and reconcile capital transactions in accordance with established procedures.
Investor Reporting
Coordinate with Investor Relations to distribute capital notices and quarterly reports through the investor reporting platform.
Client and Stakeholder Management
Manage client expectations while collaborating with audit, compliance, tax, implementation, risk and internal support teams to meet agreed service deadlines.
Required Qualifications and Experience
Applicants should hold a bachelor’s degree in Accounting, Finance or a related discipline together with at least three years of accounting experience, preferably gained within a Big Four accounting firm, private equity organization or fund administration environment.
Candidates should possess knowledge of U.S. Generally Accepted Accounting Principles (GAAP) for investment funds and be familiar with private equity and hedge fund structures. Experience using Microsoft Excel is required, while a professional accounting designation such as CPA or CA and familiarity with Investran or similar software may be advantageous.
Skills That May Help Candidates Succeed
The following capabilities may help candidates perform successfully within this Alternative Fund Services position:
A solid understanding of investment fund accounting, NAV preparation, capital activity and alternative investment structures.
The ability to review financial information carefully, solve accounting issues and maintain a high level of accuracy under tight deadlines.
Strong Microsoft Excel skills and confidence working with financial models, reconciliations and accounting data.
Excellent interpersonal skills with the ability to work effectively with clients, colleagues and multiple internal business groups.
The ability to prioritize multiple responsibilities, complete projects efficiently and consistently meet service level agreement deadlines.
Salary, Schedule and Career Opportunities
This is a full-time day-shift position based at 255 Consumers Road in Toronto, Ontario. The advertised annual salary ranges from CA$90,000 to CA$140,000, depending on experience, qualifications and internal compensation guidelines.
Working within JPMorganChase’s Commercial & Investment Bank offers exposure to global investment fund operations, alternative asset classes and opportunities for continued professional development within one of the world’s leading financial institutions.
How to Apply
Candidates interested in this opportunity should review the complete vacancy on the official JPMorganChase careers website and prepare a résumé highlighting relevant accounting, private equity, hedge fund or fund administration experience.
Applications must be submitted directly through the official JPMorganChase recruitment portal. This vacancy is listed under Job ID 210758326.