Applications Open for the JP Morgan Jumpstart Internship Programme 2023 / 2024. 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.
Applications Open for the JP Morgan Jumpstart Internship Programme 2023 / 2024
Key responsibilities of Legal Entity Control team
Corporate Financial Reporting:
• 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.
How to apply
Closing date: 30 September 2023
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