About
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.
Responsibilities
Alternative Investments 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. Key accountabilities:
•Calculate net asset value(s), review the work of other fund accountants, and disseminate financial and performance information to the investment advisor and their investors.
•Provide day-to-day supervisory oversight, including reviewing deliverables, supporting training and development of team members, monitoring deadlines, and ensuring work is completed accurately and in line with internal controls.
•Act as primary fund accountant on multiple relationships, ensuring all fund accounting functions are completed in accordance with Generally Accepted Accounting Principles (GAAP).
•Record trade information, income/expense activity and apply security valuations 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.
Requirements
•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.
Additional information
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. This position is not eligible for visa sponsorship.
Conditions
U.S. Bank is committed to fair, equitable, and transparent compensation practices in line with local regulatory and legal requirements. Clearly defined salary ranges aligned with industry benchmarks and internal equity standards. Performance-based incentives for eligible employees, awarded through transparent, objective criteria that recognize both individual and company performance. Inclusive equitable benefits focused around three main pillars: financial wellbeing, health & wellness. Continuous development opportunities including training, education support, and career progression pathways. Employee recognition programs that celebrate achievements and milestones. Further details of the compensation package will be provided upon application.
