JP Morgan: Accounting Internships 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

Key Responsibilities:

• 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.

• An Accounting degree

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