Alternative Investments Associates and Accountants – Fund Accounting and Administration

Job Description

Alternative Investments Accountant | U.S. Bank

The Tone:
This is a full-time, hybrid role at U.S. Bank, located in Edison, NJ. U.S. Bank is a large financial institution committed to helping customers and businesses make smarter financial decisions and supporting community growth and success. This position is vital for providing essential accounting, administration, and investor servicing for a range of alternative investment products, ensuring accurate financial information for investment advisors and their investors.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Hybrid, Edison, NJ
• Pay: $75905–$89300 yearly
• Team: Team responsible for providing accounting, administration, and investor servicing for alternative investment products
• Mission: Acts as the primary fund accountant on multiple relationships, ensuring all fund accounting functions are completed in accordance with GAAP.
• Tech Stack: PCS (Investran), Cascade, Microsoft Office applications

What You’ll Actually Do
• Net Asset Value Calculation: Accurately calculate net asset value(s) for hedge funds, private equity funds, and closed-end registered products, then disseminate financial and performance information to investment advisors and their investors.
• GAAP Compliance: Serve as the primary fund accountant for multiple client relationships, ensuring that all fund accounting functions are completed in strict accordance with Generally Accepted Accounting Principles (GAAP).
• Portfolio Accounting: Record comprehensive trade information, manage income and expense activity, and apply appropriate valuation methodologies for securities within the portfolio accounting system.
• Investor Servicing: Process and reconcile all investor contributions and withdrawals in the partnership accounting system, and accurately allocate fund level profits to individual investors for the preparation and distribution of investor statements.
• Financial Reporting & Analysis: Conduct review and coordination of fund expense analysis and processing, and prepare comprehensive fund financial statements, along with necessary 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.
• 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; effective interpersonal, verbal and written communication skills; proficient computer navigation skills using a variety of software packages.
• Bonus: PCS (Investran) and Cascade knowledge.