Alternative Investments Associates and Accountants – Alternative Investments Accounting

Job Description

Alternative Investments Accountant | U.S. Bank

The Tone:
This is a full-time role at U.S. Bank, location not specified. U.S. Bank is a large financial institution dedicated to helping customers and businesses make smarter financial decisions and enabling communities to grow and succeed. This role is crucial for delivering comprehensive accounting, administration, and investor servicing for alternative investment products, ensuring financial accuracy and transparency for clients. A career with U.S. Bank offers opportunities to grow and discover new skills from day one.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Not specified
• Pay: $66640–$78400 yearly
• Team: Part of a team providing accounting, administration, and investor servicing for hedge funds, private equity funds, and closed-end registered products.
• Mission: To act as the primary fund accountant for multiple relationships, ensuring all fund accounting functions comply with Generally Accepted Accounting Principles (GAAP).
• Tech Stack: PCS, Investran, Cascade, Microsoft Office applications

What You’ll Actually Do
• Calculation: Calculate net asset value(s) and disseminate financial and performance information to the investment advisor and their investors.
• Recording: Record trade information, income/expense activity, and apply valuation of securities within the portfolio accounting system.
• Reconciliation: Enter and reconcile all investor contributions and withdrawals in the partnership accounting system.
• Allocation: Allocate fund level profits to individual investors for the preparation and distribution of investor statements.
• Reporting: Prepare fund financial statements, audit schedules, and tax schedules, and review and coordinate fund expense analysis and processing.

The Must-Haves
• Background: Bachelor’s degree in Accounting, Finance, or a business-related field, or equivalent work experience, with core domain knowledge in portfolio or partnership accounting.
• 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 or 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 including Microsoft Office applications.
• Bonus: Knowledge of PCS (Investran) and Cascade.