Description
An Asset Manager on J.P. Morgan’s Closely Held Asset Management team (“CHAM”) provides asset management services for privately owned businesses (corporations, partnerships and limited liability companies) that are held within trusts and estates at J.P. Morgan. Each Asset Manager is responsible for overseeing a portfolio of approximately 75 – 120 closely held assets, depending on complexity.
Responsibilities include conducting asset reviews (including financial analysis and valuation) and evaluating, responding and approving key corporate actions (e.g., purchase and sale transactions) and other asset-related issues that may arise. Asset Managers participate in conference calls with executive management and advisors of the closely held companies in the Asset Manager’s portfolio, and interface with clients, trust beneficiaries and internal JPMorgan partners.
Job Responsibilities
- Conduct due diligence on clients’ closely held business interests in support of the new business acceptance process
- Complete annual asset review and market value estimates, including completing company due diligence, management discussions, analyzing financial and operating performance, and determining marketability and holding recommendations in order to assess and manage risk and as a part of a comprehensive service for clients and beneficiaries
- Analyze financial reporting, business organizational documents, and complex legal documents
- Review key corporate actions, including shareholder votes/meetings, responding to proxy requests, and purchase ands ale transactions
- Evaluate corporate governance frameworks and other key shareholder issues
- Day-to-day asset administration (tax and regulatory filings, organizing shareholder meetings, site visits, insurance, etc.)
- Participate in and help produce CHAM-specific training (valuation, asset management best practices, etc.)
- Ensure compliance with banking regulations, policies, procedures, and J.P. Morgan standards
- Communicate analysis, recommendations, and decisions to internal and external stakeholders, professionals, and clients
Required Qualifications, Capabilities, and Skills
- Bachelor degree in Accounting, Economics, Finance, or other related field
- Advanced degrees and credentials are a plus (JD, MBA, CFA, ASA, CPA, CTFA, etc.)
- Closely held asset management experience preferred or equivalent experience obtained through related finance, accounting, business valuation, or trusts & estates experience
- Knowledge and understanding of finance, business valuation, and/or trusts & estates
- Detail oriented, with excellent organizational skills and strong oral and written communication skills
- Ability to work in a dynamic, team environment
- Willingness to research and understand unfamiliar topics and concepts such business, legal, and tax issues, and manage administrative and operational tasks as required
- Ability to confidently prepare and present to internal and external stakeholders
- Working knowledge of Microsoft Office (MS Word, Excel, and PowerPoint)