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Asset Management, GWM, Fee Billing Specialist (Newark, DE)

Job Description

About JP Morgan Asset Management
J.P. Morgan Asset Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.


Our Business
JP Morgan Private Bank offers wealth advisory, asset custody, investment management, fiduciary, personal and business banking(deposit accounts, credit cards, mortgages), and capital advisory services to clients. Several mergers and acquisitions over the years have brought various lines of business into the scope that Fee Billing services. Private Bank clients have an integrated team that is focused on managing their relationship. The integrated team consists of the banker, capital advisory, trust officer, investor, and a dedicated client service team.

The Private Bank Fee Billing group supports the Integrated Team for accounts on the OMNI platform. Fee Billing assists with any inquiry or maintenance request that involves the fee schedule or fees charged to accounts on OMNI. The Private Bank billing system currently houses over 300,000 accounts. The team consists of 14 employees.

Position Summary
The Billing Specialist will be responsible for processing account updates such as fee schedule changes, debit allocation updates, rate overrides, and discounting. They will also be responsible for applying corrections to previously charged fees and answering Integrated Team queries on a daily basis.

Summary of main functions:
• Preparation & review of fee calculations using in-house systems as well as Excel
• Self-management of open item list and prompt communication of issues to management
• Timely & accurate response to queries from the integrated team and other JPMorgan business groups
• Completion of various ad hoc fee analyses as requested
• Daily control checks

Essential Skills:
• Client Focus - recognize and respond to needs of internal business partners
• Attention to detail
• Goal oriented
• Strong verbal & written communication skills - excellent telephone & e-mail skills are essential
• Team spirited - information sharing and a willingness to seek out and develop new skills / knowledge from within the group as key attributes
• Excel - intermediate aptitude is essential (formulas, filters, pivot tables); advanced knowledge is a plus
Req #: 160033330
Location: Newark, DE US
Job Category: Operations
Employment Type: Full Time
Potential Referral Amount: 0 US Dollar (USD)

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