J.P. Morgan Asset Management is the world's third-largest alternatives manager, with a 40-year history of delivering innovative alternative solutions across market cycles. Our alternative investment engines are managed by highly specialized independent teams, backed by the global reach, vast resources and robust governance of J.P. Morgan Asset Management. Our alternative strategies are designed to achieve specific client outcomes and built to deliver uncorrelated returns to traditional asset classes. Customized alternative portfolios can be tailored to individual client needs. We offer strategies across the alternative investment spectrum, including real estate, private equity and credit, infrastructure, transportation, liquid alternatives and hedge funds.
Role Summary
If you have experience working in accounting and finance supporting a REIT, you may be an ideal candidate for the Assistant Controller role within the finance department of the Real Estate Americas team. The Assistant Controller assists with the financial management of its publicly registered non-traded REIT ("NTR"). This newly created position will help to enhance and implement our periodic SEC reporting processes at both the investment and NTR level. This position will report to the NTR Controller and have significant exposure to the NTR Chief Financial Officer ("CFO"). The REIT Assistant Controller will work closely with an experienced group of professionals while overseeing/engaging in all aspects of real estate financial analysis, accounting, taxation, treasury functions, internal controls, external auditors and third-party service providers.
Job Responsibilities
- Oversight of all monthly and quarterly property level reporting including reviewing financial information prepared under historical cost (US GAAP) and fair market value standards (ASC 946).
- Oversee and review stand-alone working papers schedules prepared by regional team and property managers, provide guidance when necessary. Enhance and develop property level reporting to the REIT to drive efficiencies. Ensure successful on-boarding of property managers based on new investments.
- Interact, develop and maintain relationships with third-party fund administrator, independent external auditors, internal audit, tax practitioners, legal counsel and other professional service providers and provide oversight of third parties monitoring their compliances with responsibilities, budgets and deadlines.
- Prepare accounting analyses relating to real estate acquisitions including understanding and application of accounting standards including purchase price accounting, leasing and consolidation.
- Support the controller with the preparation of the annual and quarterly financial statements in accordance with US GAAP (historical cost) and preparation and review of the monthly financials (US GAAP and FMV) and preparation of the monthly prospectus supplement.
- Participate in the interpretation and analysis of new pronouncements, standards or guidance made by the FASB, SEC or other authoritative bodies to assess the financial statement impact and the implementation of accounting-related changes to ensure compliance
- Manage and support financial reporting requests from Real Estate Americas (i.e., investor relations, asset management, etc.,) and assist external auditors with quarterly reviews and year-end audit testing
Required qualifications, capabilities and skills
- 4+ years of public accounting experience working on public Real Estate Investment Trusts, NTR experience a plus
- Undergraduate degree in Accounting
- Certified Public Accountant ("CPA") qualifications required
- Strong real estate accounting background with a comprehensive knowledge of US GAAP (both historical cost and fair value reporting, SOX 404 and SEC financial reporting standards). Candidate should have experience reporting under fair value reporting standards, historical cost reporting standards and SEC reporting standards.
- Real Estate experience - proficient in the application of US GAAP standards (fair value and historical cost) and accounting principles relating to the real estate industry
