Alternative Investments Associate

Job Description

Alternative Investment Accountant | U.S. Bank

The Tone:
This is a full-time role at U.S. Bank, serving customers and businesses across the United States. U.S. Bank is dedicated to helping individuals and businesses make informed financial decisions and fostering growth in the communities it supports. This role is crucial for ensuring accurate financial reporting and administration for a variety of alternative investment funds, directly supporting the bank’s mission to provide comprehensive financial services.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Various U.S. locations
• Pay: $81345–$95700 yearly
• Team: Works as part of a team responsible for providing accounting, administration, and investor servicing for alternative investment funds.
• Mission: Owns the accurate calculation of net asset values and the comprehensive financial administration for a portfolio of alternative investment funds.
• Tech Stack: Microsoft Office applications

What You’ll Actually Do
• Calculation & Dissemination: Calculate net asset value(s) and distribute financial and performance information to investment advisors and their investors.
• Fund Accounting: Act as the primary fund accountant on multiple relationships, ensuring all fund accounting functions comply with Generally Accepted Accounting Principles (GAAP).
• Transaction Processing: Record trade information, income/expense activity, and apply valuation of securities within the portfolio accounting system.
• Investor Management: Enter and reconcile all investor contributions and withdrawals in the partnership accounting system, then allocate fund level profits to individual investors for statement preparation.
• Financial Reporting: Review and coordinate fund expense analysis and processing, prepare fund financial statements, and generate 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 manage multiple tasks/projects and deadlines simultaneously; effective interpersonal, verbal and written communication skills; proficient computer navigation skills using a variety of software packages including Microsoft Office applications.
• Bonus: Ability to identify and resolve/escalate complex problems with minimal guidance.