Financial Controller, Associate

JPMorgan Chase - Newark, DE

Full-time

Newark, DE

Credit Intermediation and Related Activities

About the position

Step into a dynamic role at JPMorgan Chase as a Financial Controller. The Financial Control function is primarily focused on ensuring the accuracy, integrity, and timeliness of the firm's books and records, with an emphasis on general ledger, operating systems, and infrastructure controls across the entire lifecycle of the business. As a Financial Control Associate on the corporate controllers team, you will be responsible for weekly and month-end close PL reconciliation and balance sheet substantiation, as well as reporting controls and the month-end close process and coordination. In this role, you will ensure the accuracy and validity of line of business general ledger balance sheet accounts, including adherence to the firmwide General Ledger Attestation (GLA) standards. You will also ensure adherence to P&L and Balance Sheet controls owned by Financial Control, including identifying and implementing opportunities for efficiency. Your responsibilities will include analyzing, communicating, and resolving material variances between the general ledger and upstream systems, as defined by line of business. You will work closely with various line of business controllers, middle office, business managers, technology, and operations. Understanding the end-to-end flow of trading activities, booking models, product configurations, and trade economics will be crucial to applying relative accounting policies and enhancing the control framework. You will engage in line of business initiatives and projects, acting as the financial control subject matter expert, with the ability to proactively identify process and/or infrastructure enhancements and work with stakeholders to enact change. Additionally, you will oversee the preparation of the firm's primary financial statements at quarter-end for use in the earnings release and Securities Exchange Commission filings, control post-closing entries and consolidation adjustments, and perform various control procedures to ensure the integrity of reported financial results. Managing intercompany eliminations, a key component of the financial consolidation process, will also be part of your responsibilities. Your goal will be to enhance the overall control environment around the financial reporting function and mobilize change wherever possible to simplify processes, enhance controls, and create efficiencies.

Responsibilities

• Ensure the accuracy and validity of line of business general ledger balance sheet accounts, including adherence to the firmwide General Ledger Attestation (GLA) standards.
• Ensure adherence to P&L and Balance Sheet controls owned by Financial Control, including identifying and implementing opportunities for efficiency.
• Analyze, communicate, and resolve material variances between the general ledger and upstream systems, as defined by line of business.
• Work closely with various line of business controllers, middle office, business managers, technology, and operations.
• Understand end-to-end flow of trading activities, booking models, product configurations, and trade economics to apply relative accounting policies and enhance control framework.
• Ensure the integrity and accuracy of line of business income statement and balance sheet at month, quarter, and year-ends.
• Engage in line of business initiatives and projects, be the financial control subject matter expert and have the ability to proactively identify process and/or infrastructure enhancements and work with stakeholders to enact change.
• Oversee preparation of the firm's primary financial statements at quarter-end for use in the earnings release and Securities Exchange Commission filings.
• Control post-closing entries and consolidation adjustments and perform various control procedures to ensure the integrity of reported financial results.
• Manage intercompany eliminations, a key component of the financial consolidation process.
• Enhance the overall control environment around the financial reporting function and mobilize change wherever possible in order to simplify processes, enhance controls and create efficiencies.

Requirements

• Bachelor's degree required.
• Minimum of 3 years of related experience.
• General Ledger accounting experience.
• Experience with financial reporting and month-end close responsibilities.
• Understanding of Financial Products.
• Comfortable liaising with business and risk managers.
• Able to build and maintain partnerships within the various product aligned businesses and across other corporate financial, treasury, and accounting groups.
• Able to understand business drivers and requirements and influence middle and front office partners to deliver solutions to business issues and problems.
• Strong analytical skills: Ability to quickly understand workings of a complex processing system and general ledger systems across the infrastructure and their interrelationships and dependencies.
• Excellent desktop/spreadsheet/database skills.
• Excellent organizational and problem-solving skills, verbal and written communication skills.
• Able to multi-task in a constantly changing environment.
• Ability to critically challenge with the goal of identifying control issues.