Alternative Investments Associate
U.S. Bank, Edison, NJ, United States
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. They calculate net asset values, disseminate financial and performance information to the investment advisor and their investors, and act as the primary fund accountant on multiple relationships to ensure all fund accounting functions are completed in accordance with GAAP. They record trade information, income/expense activity and apply valuation of securities in the portfolio accounting system. They 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 processing, and prepare fund financial statements, audit and tax schedules.
Location expectations
This role requires working from a U.S. Bank location three (3) or more days per week.
Basic Qualifications
Bachelor's degree in Accounting, Finance or a business-related field, or equivalent work experience
Five or more years of related experience, preferably in portfolio/partnership accounting, finance or portfolio management
Preferred Skills/Experience
Thorough knowledge in accounting, reporting, and analysis
Ability to identify and resolve or 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 with a working knowledge of Microsoft Office products (intermediate to expert Excel skills), PCS (Investran) and/or Cascade
Benefits
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
Salary Range
Pay Range: $86,530.00 - $101,800.00 (aligned with primary location; actual range may differ based on location of the role).
Equal Opportunity Employer
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.
E-Verify
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. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.
Background Check
U.S. Bank conducts background checks consistent with applicable local laws including the Los Angeles County Fair Chance Ordinance, the California Fair Chance Act, and the San Francisco Fair Chance Ordinance, as well as federal requirements under Section 19 of the Federal Deposit Insurance Act (FDIA) and specific industry regulations when applicable.
Application Process
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 Status
Posting may be closed earlier due to high volume of applicants.
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Location expectations
This role requires working from a U.S. Bank location three (3) or more days per week.
Basic Qualifications
Bachelor's degree in Accounting, Finance or a business-related field, or equivalent work experience
Five or more years of related experience, preferably in portfolio/partnership accounting, finance or portfolio management
Preferred Skills/Experience
Thorough knowledge in accounting, reporting, and analysis
Ability to identify and resolve or 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 with a working knowledge of Microsoft Office products (intermediate to expert Excel skills), PCS (Investran) and/or Cascade
Benefits
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
Salary Range
Pay Range: $86,530.00 - $101,800.00 (aligned with primary location; actual range may differ based on location of the role).
Equal Opportunity Employer
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.
E-Verify
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. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.
Background Check
U.S. Bank conducts background checks consistent with applicable local laws including the Los Angeles County Fair Chance Ordinance, the California Fair Chance Act, and the San Francisco Fair Chance Ordinance, as well as federal requirements under Section 19 of the Federal Deposit Insurance Act (FDIA) and specific industry regulations when applicable.
Application Process
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 Status
Posting may be closed earlier due to high volume of applicants.
#J-18808-Ljbffr