Alternative Investments Associate​/Accountant

Financial & Regulatory Reporting Senior Associate | U.S. Bank

This is a full-time role at U.S. Bank, located in a U.S. Bank location, operating on a hybrid schedule. U.S. Bank is dedicated to helping customers and businesses make smarter financial decisions and enabling communities to grow and succeed. This role is crucial in bringing that ambition to life by providing essential accounting, administration, and investor servicing for alternative investment products, ensuring accurate financial reporting and compliance.

A career here offers continuous opportunities to discover and develop your potential from day one.

• Role:
  Full Time
• Type:
  Full-time
• Location:
  
  Hybrid, a U.S. Bank location
• Pay: $66,640.00–$78,400.00 yearly
• Team:
  Works as part of a team responsible for alternative investments, acting as primary fund accountant on multiple relationships.
• Mission:
  Ensures all fund accounting functions for alternative investments are completed accurately and in accordance with Generally Accepted Accounting Principles (GAAP).
• Tech Stack:
  Microsoft Office applications, portfolio accounting system, partnership accounting system

• Calculation & Dissemination:
  Calculate net asset value(s) and disseminate financial and performance information to investment advisors and investors.
• Fund Accounting:
  Act as the primary fund accountant on multiple relationships, ensuring all fund accounting functions adhere to Generally Accepted Accounting Principles (GAAP).
• Transaction Processing:
  Record trade information, income/expense activity, and apply valuation of securities within the portfolio accounting system.
• Investor Servicing:
  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, and prepare fund financial statements, audit, and tax schedules.

• Background:
  Bachelor’s degree in Accounting, Finance, or a business-related field, or equivalent work experience.
• Experience:
  
  Two to five years of related experience, with a preference for portfolio/partnership accounting.
• Skills:
  
  Thorough knowledge of Generally Accepted Accounting Principles (GAAP);
  Proficient computer navigation skills using various software packages including Microsoft Office applications;
  Ability to identify, resolve, or elevate complex problems with minimal guidance;
  Capability to manage multiple tasks, projects, and deadlines simultaneously;
  Effective interpersonal, verbal, and written communication skills.