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Financial Analysis - Associate

  • Job
    Full-time
    Mid Level

AI generated summary

  • You need a bachelor's in finance/accounting, 3+ years in financial services, advanced Excel/PowerPoint skills, financial modeling experience, and strong communication and organizational abilities.
  • You will prepare financial forecasts, analyze variances, support ad-hoc analyses, manage GRE P&L, evaluate transactions, ensure compliance, and prepare business case analyses for real estate initiatives.

Requirements

  • Bachelor’s degree in Accounting/Finance or business related discipline with 3+ years of work experience, preferably in Financial Services, and/or accounting/controller background
  • Experience with financial modelling and forecasting; strong technical, analytical, and problem-solving skills with ability to analyze large data sets and present conclusions concisely
  • Advanced skills in Excel and PowerPoint. Proficiency with data mining/gathering and manipulation of data sets
  • Ability to think outside of the box, identify problems & find cost efficient solutions
  • Ability to maintain composure in a fast-paced environment and prioritize projects accordingly
  • Communication skills - Ability to communicate succinctly and efficiently, comfortable interacting with senior business/Corporate leaders
  • Organizational ability - Ability to handle numerous deliverables simultaneously, many with critical deadlines. Candidate must be comfortable with frequently changing priorities
  • Prior work experience in Real Estate finance preferred
  • Experience with financial systems (EssBase, SAP) preferred

Responsibilities

  • Prepare financial forecast/budget for JPMC real estate portfolio (leased/owned property). Partner with Real Estate functions (e.g. Design & Construction, Property Management, Transactions, Regional Strategy, Incentives Group) to ensure accuracy of financial forecasts/ budgets.
  • Analyze variances, trends, risks and opportunities, performance against budget/forecast/targets, key business drivers and sensitivities
  • Support ad-hoc financial analysis in support of key functional areas of the business and opportunities to scale efficiencies
  • Own and understand all facets of the GRE P&L and balance sheet including current year budget and actuals reporting as well as coordination of GRE’s 5 year capital & expense budget/forecast models
  • Contribute to Transaction Funding Financial Analysis by evaluating prospective real estate initiatives involving ownership/leasing, capital investment and occupancy strategies associated with JPMC’s corporate real estate portfolio.
  • Perform thoughtful due diligence and underwriting of real estate transactions and ensure compliance to US GAAP and JPMC accounting policies (incl. balance sheet, income statement, cash view)
  • Prepare business case analyses: new leases, lease renewals, stay vs. relocate, lease vs. buy, new developments, dispositions, and large multi-year investment strategies. Understand complexities & report on LOB occupancy allocations

FAQs

What is the primary role of an Associate in Financial Analysis at JPMorgan Chase?

The primary role involves defining, refining, and delivering set financial goals, managing expense and capital components of the Global Real Estate Finance function, and conducting financial forecasting, budgeting, and analysis.

What educational background is required for this position?

A Bachelor’s degree in Accounting, Finance, or a related business discipline is required, along with 3+ years of work experience, preferably in Financial Services.

What skills are necessary for success in this role?

Necessary skills include financial modeling and forecasting, strong analytical and problem-solving abilities, advanced skills in Excel and PowerPoint, effective communication skills, and the ability to manage multiple deliverables under tight deadlines.

Is prior experience in real estate finance preferred for applicants?

Yes, prior work experience in Real Estate finance is preferred for candidates applying for this position.

What types of analyses will the Associate perform?

The Associate will perform variance analysis, trend analysis, risk assessment, due diligence and underwriting of real estate transactions, and prepare business case analyses for various real estate initiatives.

Will this position involve interaction with senior management?

Yes, this role offers high visibility across the Global Real Estate team and involves presenting information to senior management, including the Chief Financial Officer.

Are there opportunities for professional development within the team?

Yes, the position offers opportunities to work closely with various stakeholders and senior business leads, which can lead to professional growth and development.

What financial systems experience is preferred for this role?

Experience with financial systems such as EssBase and SAP is preferred for this position.

How important is organizational ability for this role?

Organizational ability is crucial, as the candidate must handle numerous deliverables simultaneously while managing changing priorities and critical deadlines.

What kind of work environment can applicants expect?

Applicants can expect a fast-paced work environment that requires maintaining composure while prioritizing projects effectively.

Finance
Industry
10,001+
Employees
2000
Founded Year

Mission & Purpose

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world. Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries. Whether we are serving customers, helping small businesses, or putting our skills to work with partners, we strive to identify issues and propose solutions that will propel the future and strengthen both our clients and our communities. © 2017 JPMorgan Chase & Co. JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.

Benefits

  • Healthcare and Insurance Plans

    Our employees are entitled to a variety of healthcare insurance plans, ranging from medical, dental and vision, to life and accident, disability, before-tax spending accounts, and group legal services.

  • Wellness Programs

    We are committed to providing employees with exceptional care — including arranging wellness screenings and assessment as well as access to health coaches, counseling, and guidance services for our employees.

  • Employee Programs

    Programs offered to eligible employees include parental leave, back-up child care services, flexible work options, matching gifts, discounts on banking services, electronics, arts and entertainment, fitness programs, travel and more.

  • Family Care

    We know how important your family's health is to you so we offer a variety of healthcare packages that cover you and your partner, your children and your parents.

  • Hybrid Working Model

    Dependent on the needs of the business and the nature of the role, JPMorgan Chase offers a hybrid work model for some roles, with at least three days on-site.