JP Morgan 2024 Jumpstart Internship Programme - ETP

Purpose of Job

The purpose of the internship's role is to ensure compliance with JPM corporate and local reporting standards with respect to accounting and statutory requirements for 3 South African entities.

Corporate Financial Reporting

Key responsibilities of Legal Entity Control team

• Month end reporting - ensuring the month end close within corporate deadlines, verification of corporate P&L, resolution of inter-entity breaks and equity break with parent company during month-end close (in liaison with financial control), unnatural balance checks and FX trade outs.
• Monthly conversion of the multi-currency US GAAP financial information to IFRS compliant financial reporting for regulatory reporting purposes.
• Compliance with the firms GLRS (general ledger reconciliation and substantiation) policies, and US accounting policies, including P&L remittance and capital hedging submissions.
• Ownership of intra group income and expenditure allocations (SAPCO) for the location including cash settlement, reporting and trend analysis.
• Liaising with financial control to ensure resolution of inter-entity breaks impacting local legal entities
• Ensuring appropriate financial controls are in place and operating effectively.
• Ownership of reference data mappings to corporate ledger for one of the local legal entities. Preparation of accounts receivable and audit fee provisions reconciliations and adjustments.
• Involvement in local and regional projects, including preparation of LEC contribution to project documents as required.
• Reconciliation of SAP to BDA

Local Financial Reporting

• Preparation of inputs for local management reports (Month end packs, local operating committees, etc).
• Preparation of local and corporate submissions (monthly/quarterly)
• Preparation of the Annual Financial Statements (IFRS based) and audit file as well as liaise with auditors to close out request.

Statutory

• Assist with relevant statutory filing requirements for all local legal entities.
• Adhering to retention policies and archiving of documents and information in line with Companies Act requirements.

Key Competencies

• Firm grasp of accounting principles and applications.
• Experience in tax and company secretarial legislation beneficial.
• Knowledge of general office procedures (e.g., filing, correspondence, arranging meetings)
• Knowledge and experience in electronic ledgers and accounting systems.
• Ability to multitask, prioritize deadlines and manage own time.
• Good communication skills.
• Strong MS Excel knowledge

Educational/Qualifications

• An accounting degree

Experience

• No work experience required

Key Personality Traits

• Analytical/detail orientated.
• Works well under pressure.
• Logical & well organised
• Team orientated.
• Delivery focussed and meets deadlines.
• Proactive and adept at issue resolution.

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.