Alternative Investments Associate and Accountant – Alternative Investments

Job Description

Alternative Investments Accountant | U.S. Bank

The Tone:
This is a full-time role at U.S. Bank, a prominent financial institution committed to helping its diverse customer base and the businesses it serves make better financial decisions. The company also focuses on enabling the communities it supports to grow and succeed. This role is integral to providing essential accounting, administration, and investor servicing for various alternative investment funds, thereby ensuring financial accuracy, transparency, and regulatory compliance for complex financial products.

The TL;DR
• Role: Early Career
• Type: Full-time
• Pay: $66640–$78400 yearly
• Team: Works as part of a team responsible for providing accounting, administration, and investor servicing for hedge funds, private equity funds, and closed-end registered products.
• Mission: Ensure accurate calculation of net asset values and dissemination of financial and performance information for alternative investment products, adhering to GAAP.
• Tech Stack: PCS (Investran), Cascade, Microsoft Office applications

What You’ll Actually Do
• Fund Accounting Oversight: Serve as the primary fund accountant for multiple relationships, ensuring all fund accounting functions adhere to Generally Accepted Accounting Principles (GAAP).
• NAV Calculation & Dissemination: Calculate accurate net asset value(s) and effectively disseminate financial and performance information to investment advisors and their investors.
• Portfolio Data Management: Record trade information, income and expense activity, and apply appropriate valuation of securities within the portfolio accounting system.
• Investor Capital Management: Enter and reconcile all investor contributions and withdrawals in the partnership accounting system, subsequently allocating fund level profits to individual investors for statement preparation.
• Financial Reporting & Compliance: Review and coordinate fund expense analysis and processing, in addition to preparing comprehensive fund financial statements, audit, and tax schedules.

The Must-Haves
• Background: Bachelor’s degree in Accounting, Finance, or a business-related field, or equivalent work experience.
• Experience: Less than two years of related experience, preferably in portfolio/partnership accounting.
• Skills: Thorough knowledge in accounting, reporting, and analysis; ability to identify and resolve/escalate complex problems with minimal guidance; ability to manage multiple tasks/projects and deadlines simultaneously; proficient computer navigation skills using a variety of software packages including Microsoft Office applications.
• Bonus: Knowledge of PCS (Investran) and Cascade.