Asset Management - REIT Property Accounting Manager - Vice President

J.P. Morgan Asset Management

J.P. Morgan Asset Management is a leading global alternatives manager with a 40-year legacy of delivering innovative solutions across market cycles. Our specialized teams manage alternative investment strategies, supported by the extensive resources and governance of J.P. Morgan Asset Management. We offer a diverse range of strategies, including real estate, private equity, credit, infrastructure, transportation, liquid alternatives, and hedge funds, all designed to achieve specific client outcomes and provide uncorrelated returns to traditional asset classes. Our customized portfolios are tailored to meet individual client needs.

As an Associate in the Fund Accounting Team at J.P. Morgan Asset Management, you will support the financial reporting of one of the largest Commercial Real Estate portfolios. Your responsibilities will include maintaining two sets of accounting books, one adhering to historical cost GAAP and the other to FV (Fair Value) reporting standards, to support the non-traded REIT. You will have the opportunity to collaborate with a team of seasoned professionals, overseeing various aspects of real estate financial analysis, accounting, structuring, and internal controls for properties within a designated geographic area. Additionally, you will work closely with investment professionals on acquisitions, dispositions, and capital restructures, focusing on accounting treatment and transaction execution for REA funds and investors.

Job Responsibilities :

• Cultivate and maintain strong relationships with REA investment team members, joint venture partners, and property managers.
• Conduct financial due diligence for acquisitions, collaborating with various REA departments, third parties, sellers, JV partners, and legal counsel.
• Reconcile and analyze differences between historical cost and fair value accounting to provide insights into the financial performance and valuation of real estate assets.
• Provide oversight and guidance on accounting treatment, offering periodic feedback on the quality and thoroughness of work products.
• Review monthly operating results of investments for Fund consolidation and pricing, serving as an escalation point for reporting issues.
• Analyze financial statements and performance metrics (IRR, equity multiples, time-weighted returns, etc.) of real estate investments.
• Engage with independent external auditors and tax practitioners.
• Prepare and review materials valuable for business management, internal stakeholders, and investors.
• Manage outsourced staff, ensuring adherence to responsibilities and deadlines.

Required qualifications, capabilities, and skills :

Preferred Qualifications, Capabilities, and Skills :