Asset Management - Real Estate Investments Accounting Controller Team - Vice President at JPMorgan Chase
JOB DESCRIPTION
Vice President Investment Accounting Controller Team
Join our team as a Vice President in the Investment Accounting Controller Team, where you'll support the financial reporting of one of the largest Commercial Real Estate portfolios. You'll 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'll 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, tax 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:
- CPA certification
- 8+ years of real estate accounting experience, with a strong understanding of historical cost GAAP and FV (Fair Value) reporting standards.
- Bachelor's degree in Accounting
- Strong understanding of complex real estate investment structures, mortgage documents, development management agreements, partnership agreements, property management and leasing agreements, and purchase and sale agreements
- Experience managing consultants and meeting time-sensitive deadlines
This position is subject to Section 19 of the Federal Deposit Insurance Act. As such, an employment offer for this position is contingent on JPMorganChase's review of criminal conviction history, including pretrial diversions or program entries.