Senior Financial Accounting Manager (Vice President) recruitment
Worldwide Securities Services (WSS) Summary:
J.P. Morgan Worldwide Securities Services is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. Worldwide Securities Services leverages the firm's unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $16.9 trillion in assets under custody and $7.3 trillion in assets under administration. For more information, go to
Department Summary:
Financial Accounting are responsible for external regulatory reporting for a number of managed fund and superannuation clients. Key deliverables for the group are monthly accounts, distribution calculations, statutory accounts, tax returns and BAS lodgment. These deliverables are major processes rather than daily deadlines and require significant pre planning to ensure that Service Level Agreement requirements are met. Tax and accounting information is derived from the HiPortfolio system.
Clients are mostly large industry superannuation funds, unit trusts and regional clients in Australia, New Zealand and Asia. These clients invest in local and international markets (global reach) and in a wide range of investments including equities, fixed interest, cash and liquids, forward foreign exchange, as well as derivative products. Each client has various reporting deadlines including monthly, quarterly and annually.
Position Summary:
The Senior Financial Accounting Manager is responsible the team and their deliverables to clients. This includes all aspects of staff management including extensive planning, recruitment, resource management, providing feedback, formal and informal. There is also substantial client management in the role.
From an operational perspective the responsibilities include: driving efficiency, quality control, adherence to JPM internal control standards, maintaining a robust risk management framework, year-end planning, capacity management and managing audits. From a client management perspective the responsibilities include strategic client service planning approval of new services and first point of escalation for servicing issues. From a leadership perspective the individual must be an example for the demonstration of all JPMorgan Values and also be responsible for ensuring that all staff follow the JPMorgan values.
It is an opportunity to take ownership for a team and a book of clients, and make it better due to careful management and great leadership.
Key Accountabilities/Major Responsibilities:
Staff Management
- Development and annual performance management of the team including setting appropriate objectives and providing timly feedback
- Retention of staff and succession planning for key positions and backup.
- Foster a good team culture where people are team players and hold themselves to high standards.
- Evaluate effectiveness of workflows and processes with the aim of improving efficiencies as well as the timeliness and accuracy of of the production process.
- Recruitment of staff by a professional process and in accordance with the staffing strategy to ensure that the appropriate mix is obtained in the individual teams and in the group as a whole. Responsible for maintenance of the headcount budget.
Client Management
- Manage the clients to ensure that the service level is commensurate with the importance to JPMorgan, and is within the parameters set within the Service Level Agreement.
- Take ownership for the client relationship and work within the service standard
- Ensure service levels to internal clients are also as high as to external, and ensure communication with the other areas of WSS Australia (Relationship Managers (RM), Customer Service Managers (CSM)).
- Escalate client issues on a timely basis to the Head of Financial Accounting and /or RM, CSM.
Production Management
- Improve productivity of Financial Accountants through implementing projects and initiatives.
- Careful management of capacity including obtaining the maximum benefit from down time.
- Attend to and contribute to Business Initiatives across the Worldwide Securities Services business groups.
- Develop and maintain a culture of risk awareness. Achieve satisfactory audit ratings from internal and external auditors. Ensure that controls are kept up to date and are effective, to ensure no audit issues are raised and are adequate for future business growth.
- Establish good relationships and communication channels with other departments to aid in isue resolution and proactive quality coming through
People Management
- Conduct bi-annual performance reviews
- Conduct a monthly one-on-one meeting with direct reports
- Forster a high performance team culture
- Promote teamwork
- Recruit to fill vacancies
- Ensure development and training is a priority
Skills
General Knowledge and Experience Required:
- Strong staff management and supervisory skills
- Good knowledge of financial markets and instruments, both domestic and global - includes investment fundamentals, investment management/objectives and keeping up to date with market information.
- PC literate and skills Spreadsheet applications is essential
- At least 7 years experience in a related industry
- Demonstrate proficiency in leadership and management
- Knowledge of debits, credits and accounting concepts
- Good knowledge of tax as it relates to the funds Management Industry
- Supervision and management of staff
- Able to manage all stakeholders both internal and external
Formal Qualifications:
- Tertiary degree, Bachelor of Commerce, SIA, CPA or ACA is desirable but not essential.
Behavioral Competencies:
Leadership - Ownership accountability around issues, awareness of risk management, ability to think strategically, strong organisational/ planning skills, ability to adapt to change
People - Strong communication skills, team player, able to focus on self development, partnership with other team members/ different teams across business, development of other staff/ staff supervision (if relevant).
Performance - Achievement orientated, strong attention to detail, focus on continuous improvement
Clients - Focus around providing excellent service to clients
Special Requirements:
- Ability to respond to dynamic and comprehensive volumes of work including year end and periodic overtime
- Ability to Lead by example to team members and a drive to suceed
- Provide quality client service