Alternative Investments Associates and Accountants

Job Description

Alternative Investments Accountant | U.S. Bank

The Tone:
This is a full-time role at U.S. Bank. We are an organization dedicated to helping customers and businesses make smarter financial decisions and enabling communities to grow and succeed. We believe in the unique potential of each individual to bring our shared ambition to life. A career here offers a wide range of opportunities to discover what makes you thrive at every stage.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Undisclosed
• 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: To act as the primary fund accountant for multiple relationships, ensuring all fund accounting functions are completed in accordance with Generally Accepted Accounting Principles (GAAP).
• Tech Stack: PCS (Investran), Cascade, Microsoft Office applications

What You’ll Actually Do
• Calculation & Dissemination: Calculate net asset value(s) and disseminate financial and performance information to investment advisors and their investors.
• Compliance & Oversight: Act as the primary fund accountant on multiple relationships, ensuring all fund accounting functions comply with Generally Accepted Accounting Principles (GAAP).
• Portfolio Management: Record trade information, income/expense activity, and apply valuation of securities within the portfolio accounting system.
• Investor Relations: Enter and reconcile all investor contributions and withdrawals in the partnership accounting system.
• Financial Reporting: Allocate fund level profits to individual investors for statement preparation, review fund expense analysis, and prepare 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; effective interpersonal, verbal, and written communication skills; proficient computer navigation skills using Microsoft Office applications.
• Bonus: Knowledge of PCS (Investran) and Cascade.