Please ensure Javascript is enabled for purposes of website accessibility

Job of the Day: J.P. Morgan Needs a CFO/Vice President

Posted on by GoingConcern

J.P. Morgan is looking for a CFO to lead its Commercial Credit Card business. This is a product with the Company’s Treasury Services Card Products business unit.

The position is located in the Chicago with an alternate location in New York.

Get more details, after the jump.


Company: J.P. Morgan

Title: CFO Commercial Credit Card – TS Card Products – Vice President

Location: Chicago with an alternate location in New York

Description: Commercial Credit Card is a $300 million revenue product organization within the Treasury Services (TS) Card Products business unit ($700 million revenue). The CFO of Commercial Card reports directly to the CFO of TS Card Products.

Responsibilities: Work closely with the TS Card Products CFO as a critical member of the finance lead team; Partner with the Commercial Card Product management team to manage the product P&L and create transparency into business performanceEvaluate financial results and ensure they are communicated and understood and that the appropriate actions are identified and prioritized; develop and maintain key performance measures for revenue and expense; Development of annual business plan (revenue, expense, capital and project profile); Forecast, Analysis and Reporting of ongoing monthly results including Revenue, Headcount, Direct Expense and Indirect Expense (allocations); Work closely with Controllers team to manage month end close process; Lead meetings with product and operations partners to discuss product revenues, expense plans, and current issuesHelp maintain product pricing model; Develop, evolve, and automate processes to create reporting efficiencies

See the entire description over at the GC Career Center and visit the main page for all your job search needs.

Related Posts

You Will Want to Avoid Being Perceived as a Business Slut, Per This Article

Funny, weren't we just kind of talking about this earlier today? And here comes CGMA […]

Should a Big 4 Associate Leave the Cush Life in Bermuda for an Opportunity in a New City?

Ed. note: Have a question for the career advice brain trust? Email us at advice@goingconcern.com

Dear Caleb,

I really need some advice with a career decision I have to make. I currently work for one of the Big 4 offices at the staff level in Bermuda and have been offered the opportunity to move to a bigger office in a major city in America. While I am excited at the opportunity to move to a new city and experience everything there is to do there, I am hesitant about the increased workload that would entail. Here in Bermuda we work about 60 hr weeks for two months during busy season and then work around 40 hr weeks for the rest if the year. In addition, because of the no income tax in Bermuda, this new job would actually mean a pay cut. So is the prospect of a new city and new experiences worth being overworked and underpaid?

– Undecided

Dear Undecided,

Ahh, Bermuda – beautiful place.

Your situation is not unique by any means. I have spoken with a number of people within Big 4 audit groups that are stationed in Bermuda and are being “encouraged” to return to the States via internal transfers. This has been due mainly to the loss of offshore work on the asset management industry. Seeing how the firms are all on hiring sprees, it’s not surprising that leadership is looking to capitalize on your generous work/life balance for the sake of the Greater Good.

The main difference that I sense in your case is that you refer to the transfer to “a new city” and not “home.” Either you are originally from one area in the US and were offered a transfer to a new city, or you are native to Bermuda and this would in fact move you away from your established roots. If it’s the former, consider asking to move to closer to “home”? Would you even want that? If you’re from Bermuda, then you have more to details to weigh.

You also raise two red flags that damn near every commenter on this site will tell you ARE major concerns: more hours for less money. If we polled the audience for their responses to your question of “is the prospect of a new city and new experiences worth being overworked and underpaid” – the response would be a resounding “no.” After all, you’re listing the two main reasons people leave public accounting. But you’re still young in your career. Think about your long term plans – where do you want to be in 5, 10, 20 years? Not firm-wise, but geographically. What is the long term career potential if you stay in Bermuda? Do you want a career in public? What city does your firm want to ship you to?

Let’s open it up to the Peanut Gallery: has anyone been in this situation before?

PS – If you do transfer to the States, please sneak me a bottle of cologne from your local perfumery. Amazing stuff!

First-Generation Americans’ Parents Need Convincing That Accounting Is a Better Career Choice Than Law

As we all know, the Big 4 are more than happy to market themselves as the melting pots of the professional services world. First in your family to go to college? Great! Not an Ivy League graduate? No problem! Completely devoid of WASPyness? Even better! With the relative success of the firms to market this inclusive culture, however, Reuters reports that the biggest challenge is convincing the parents of first-generation recruits that accounting is just as worthy of a career path as medicine or law:

Accounting has long provided a path for first-generation Americans into the professional classes. Good pay and a focus on numbers makes it an attractive career choice. Still, recruiting the children of immigrants is complex, say some Certified Public Accountants (CPAs). Parents’ opinions are influential and they often don’t know the field, a problem that alternatives like medicine or the law don’t face. Once on the job, first-generation CPAs can face new challenges like decoding the relationship-driven, sometimes self-promotional American business culture.

Makes sense to me. Medicine is easy because doctors are in the life-saving business. Law is attractive because parents hope that they might become Jack McCoy or the protagonist in a John Grisham novel. But accounting? Jesus, numbers are boring, it’s not even a real profession:

When Maria Castanon Moats, PwC’s chief diversity officer, told her family that she planned to be a CPA, she remembers her parents asked “Why not be a lawyer?”

“They did not understand this accounting thing … To them, a professional was an attorney or a doctor,” said Moats, 43. Moats, who emigrated from Mexico at the age of one with her father, a migrant farmworker, said the profession appealed to her because it brought stability. High ethical standards and integrity, strong values in her family, were also important. Now, as part of the firm’s 14-member leadership team, she welcomes young recruits with a similar background. “The first generation really wants to be successful to make their parents proud. They are committed and loyal,” she said.

We’ve had the accounting vs. law debate before and we don’t to call Elie Mystal in here to explain why pursuing a career in a law is a risky proposition. The Reuters article doesn’t come out and say it but it really amounts to candidates educating their parents about the advantages to pursuing a career in accounting. Recruiters at the Big 4 can’t really say, “Clue your parents in,” so they put on aggressive marketing campaigns to tout diversity and inclusion. The students take this message back to mom and dad (along with salary ranges) and they start warming up to the idea. This way, everyone is happy. The kids get a decent job; the parents can beam about the CPA in the family. Sure, accounting isn’t justice but it beats being unemployed and doing this:

Accounting can be door to U.S. professional class [Reuters]