Job Description
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 investment bank to ensure the firm s 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.
Job Description
• Manage the monthly consolidation of JPMorgan Chase income statement and balance sheet
• Develop and maintain financial reports and schedules
• Control post-closing entries and consolidation adjustments
• Perform various control procedures to ensure the integrity of reported financial results
• Participate in all aspects of the production of the monthly financial Flash Report
• Support ad-hoc requests for financial information received from across the firm
• Work closely with the line of business controllers, middle office and operations areas to understand the operational impact of trading strategies and settlement practices for the businesses globally
• Work with various areas to research, escalate, and clear cash and settlement exceptions in a timely manner
• Work with the businesses and controllers to understand and sign off on monthly profit and loss
• Complete monthly general ledger reconciliation process
Skills
• Excellent verbal and written communication skills
• Excellent organizational, problem-solving skills, negotiation and analytical skills
• Excellent desktop/spreadsheet/database skills
• Ability to work well under pressure and balance multiple priorities
• Ability to build and maintain partnerships within the various product aligned businesses and across other corporate groups
• Ability to understand business drivers and requirements and influence others to deliver solutions
• Ability to critically challenge with the goal of identifying control issues
• Ability to quickly understand workings of a complex processing system and general ledger systems across the infrastructure and their interrelationships and dependencies
• Aptitude for learning and leveraging systems and data flows
• Basic understanding of the firm s products
Qualifications
• Basic experience with a financial consolidation and reporting system (i.e. SAP interface)
• In-depth knowledge of industry standards and regulations
• Bachelor s degree in Accounting, Finance, or Business (or equivalent experience)
• CPA license beneficial in some FAIR roles but not required
The organization closely examines the general ledger, operating systems and infrastructure controls across the entire lifecycle and diverse product scope of the investment bank to ensure the firm s 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.
Job Description
• Manage the monthly consolidation of JPMorgan Chase income statement and balance sheet
• Develop and maintain financial reports and schedules
• Control post-closing entries and consolidation adjustments
• Perform various control procedures to ensure the integrity of reported financial results
• Participate in all aspects of the production of the monthly financial Flash Report
• Support ad-hoc requests for financial information received from across the firm
• Work closely with the line of business controllers, middle office and operations areas to understand the operational impact of trading strategies and settlement practices for the businesses globally
• Work with various areas to research, escalate, and clear cash and settlement exceptions in a timely manner
• Work with the businesses and controllers to understand and sign off on monthly profit and loss
• Complete monthly general ledger reconciliation process
Skills
• Excellent verbal and written communication skills
• Excellent organizational, problem-solving skills, negotiation and analytical skills
• Excellent desktop/spreadsheet/database skills
• Ability to work well under pressure and balance multiple priorities
• Ability to build and maintain partnerships within the various product aligned businesses and across other corporate groups
• Ability to understand business drivers and requirements and influence others to deliver solutions
• Ability to critically challenge with the goal of identifying control issues
• Ability to quickly understand workings of a complex processing system and general ledger systems across the infrastructure and their interrelationships and dependencies
• Aptitude for learning and leveraging systems and data flows
• Basic understanding of the firm s products
Qualifications
• Basic experience with a financial consolidation and reporting system (i.e. SAP interface)
• In-depth knowledge of industry standards and regulations
• Bachelor s degree in Accounting, Finance, or Business (or equivalent experience)
• CPA license beneficial in some FAIR roles but not required
💡 Quick Summary
Seeking a career-building opportunity? The Financial Controller | MARKETS ACC | Associate position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
