Global Finance – Associate – Global Real Estate – Lease Accounting – Chicago – 601/602
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets exceeding $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.
As part of JPMorgan Chase & Co.’s Global Finance organization, Corporate Finance is a global team of over 1,500 colleagues delivering accounting, financial management, project management, financial and regulatory reporting to the real estate, technology & operations, human resources, sourcing & procurement, general services, legal & compliance, and corporate staff business units. Global Real Estate Accounting is a business unit of the Corporate Finance – Corporate Controllers Group and has direct responsibility for a firm-wide real estate portfolio of nearly 80 million square feet across 60+ countries and represents over 6,200 leased and owned properties.
Global Real Estate Accounting is seeking a well qualified, detail oriented, high energy, and self-initiating Accounting Associate for implementation of the new Leasing Standards, participation in the project management and delivery of a new technology solution for lease accounting, and establishing the detailed accounting processes and procedures to support the newly issued FASB and IASB standards.
Specific responsibilities include the following:
- Testing the accounting functionality of the new/enhanced technology application for accuracy completeness, including the following:
- System accounting calculations in accordance with US GAAP and IFRS under the new leasing standard
- Journal entry generation and interface/upload into various global general ledgers, including SAP and Oracle EMEA and Oracle APAC
- Subledger reporting to support monthly balance sheet reconciliations
- Financial statement reporting disclosures
- Establishing the following recurring accounting processes:
- posting of journal entries to the general ledger, and
- maintaining subledger support for the balance sheet
- assessing transaction activity for proper accounting treatment
- Identifying and escalating issues, risks and concerns, clearly articulate those concerns, and provide potential solutions as appropriate