Alternative Investments Associate and Accountant

Job Description

Fund Accounting & Operations Associate | U.S. Bank

The Tone:
This is a full-time hybrid role at U.S. Bank, located in USA. U.S. Bank is on a journey to help customers and businesses make better financial decisions, while enabling communities to grow and succeed. This role is crucial for providing accurate accounting, administration, and investor servicing for alternative investment products, ensuring smooth operations and supporting effective financial management.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: Hybrid, USA
• Pay: $66640–$78400 yearly
• Team: Works collaboratively as part of a cross-functional team responsible for internal reporting and operational support, serving as a key liaison between Alternative Investments Operations and Billing.
• Mission: This individual ensures accurate accounting, administration, and investor servicing for alternative investment products, maintaining strong internal controls and supporting effective management.
• Tech Stack: Microsoft Office applications

What You’ll Actually Do
• Fund Accounting: Calculate net asset values and disseminate financial and performance information to investment advisors and investors.
• Compliance & Oversight: Act as the primary fund accountant for multiple relationships, ensuring all fund accounting functions comply with Generally Accepted Accounting Principles (GAAP).
• Transaction Processing: Record trade information, income/expense activity, apply security valuations in the portfolio accounting system, and reconcile investor contributions and withdrawals in the partnership accounting system.
• Investor Servicing: Allocate fund level profits to individual investors for the preparation and distribution of investor statements.
• Financial Reporting: Review and coordinate fund expense analysis and processing, and prepare 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. Requires thorough knowledge in accounting, reporting, and analysis.
• Experience: Two to five years of related experience, with a preference for portfolio or partnership accounting.
• Skills: Ability to identify, resolve, and escalate complex problems with minimal guidance. Capable of managing multiple tasks and deadlines simultaneously. Possesses effective interpersonal, verbal, and written communication skills. Proficient with computer navigation and Microsoft Office applications.