Alternative Investment Accountant

US Bank • Milwaukee, WI

366d • $60,435 - $78,210

About The Position

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 completed in accordance with Generally Accepted Accounting Principles (GAAP). Records trade information, income/expense activity and applies valuation of securities in the portfolio accounting system. Enters and reconciles all investor contributions and withdrawals in the partnership accounting system. Allocates fund level profits to individual investors for preparation and distribution of investor statements. Reviews and coordinates fund expense analysis and expense processing. Prepares fund financial statements, audit and tax schedules.

Requirements

• Associate's degree in Accounting, Finance or a business-related field, or equivalent work experience.
• Less than two years of related experience.

Nice To Haves

• Bachelor's degree preferred.
• Thorough knowledge of Generally Accepted Accounting Principles (GAAP).
• 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.

Responsibilities

• 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 investment advisors and investors.
• Act as primary fund accountant on 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.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Associate degree
• Number of Employees: 5,001-10,000 employees