Fund Accounting & Operations Associate

Overview

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career.

Try new things, learn new skills and discover what you excel at—all from Day One.

• Provide accounting, administration and investor servicing for hedge funds, private equity funds and closed‑end registered products.
• Calculate net asset value(s) and disseminate financial and performance information to the investment advisor and their investors.
• Act as primary fund accountant for multiple relationships, ensuring all fund accounting functions are completed in accordance with GAAP.
• Record trade information, income/expense activity and apply valuation of securities in the portfolio accounting system.
• Enter and reconcile all investor contributions and withdrawals in the partnership accounting system.
• Allocate fund level profits to individual investors for preparation and distribution of investor statements.
• Review and coordinate fund expense analysis and expense processing.
• Prepare fund financial statements, audit and tax schedules.

• Bachelor's degree in Accounting, Finance or a business‑related field, or equivalent work experience.
• Two to five years of related experience, preferably in portfolio/partnership accounting.

• 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 including Microsoft Office applications.

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work.

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short‑term and long‑term disability
• Pregnancy disability and parental leave
• 401(k) and employer‑funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Pay Range: $75,905.00 - $89,300.00

U.S. Bank is an equal‑opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

U.S. Bank participates in the U.S. Department of Homeland Security E‑Verify program in all facilities located in the United States and certain U.S. territories.