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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.

Job Description

Alternative Investments Associates and Accountants work as part of a team responsible for providing accounting, administration and investor servicing for hedge funds, private equity funds and closed-end registered products. Individuals calculate net asset value(s) and disseminate financial and performance information to the investment advisor and their investors. Acting as primary fund accountant on multiple relationships, ensures all fund accounting functions are in completed in accordance with Generally Accepted Accounting Principles (GAAP).

+ Prepare and/or Review Monthly/Quarterly NAV packages

+ Record/Review trade information, income/expense activity and applies valuation of securities in the portfolio accounting system.

+ Prepare/Review Processing of Capital Calls and Distributions

+ Prepare/Review Allocation of Fund level profits and losses to individual investors for preparation and distribution of investor statements in accordance to Fund Legal Documents

+ Prepare/Review Calculation of Management Fees and Carried Interest

+ Review and coordinate fund expense analysis and expense processing

+ Review of various Fund Legal Documents, including Limited Partnership Agreements, Side Letters, and Private Placement Memorandums

+ Interactions and coordination with internal and external stakeholders, including but not limited to clients, auditors, and other groups within U.S. Bank

+ Supervise, train, and coach junior level new hires, including but not limited to providing technical and PE knowledge to them

Basic Qualifications

- Bachelor's degree in Accounting, Finance or a business-related field, or equivalent work experience

- Five to eight years of related experience, preferably in portfolio/partnership accounting, finance or portfolio management

Preferred Skills/Experience

- Experience working at a Private Equity Fund Manager, Alternative Investment Manager, Fund Administrator, Audit Firms, and/or other financial institutions with relevant knowledge and experience

- 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 FIS Investran (PCS), Deloitte Cascade Suite and 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.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

+ 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

E-Verify

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $86,360.00 - $101,600.00 - $111,760.00

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.