Alternative Investments Accountant

U.S. Bank • Hackensack, NJ

2d • Hybrid

About The Position

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 are part of a collaborative team responsible for maintaining the general ledger and records for hedge funds and registered products of varying complexity. They also produce end-of-month net asset value (NAV) calculations. Prepare daily general ledger entries, prime broker and bank cash reconciliations, advisor and portfolio management processing, corporate action applications, expense accruals and payments, timely distribution of internal and external information, and portfolio reconciliations. Collaborate with internal and external administrators, transfer agencies, prime brokers, and custodians to ensure compliance with SEC regulations and adherence to GAAP principles across all fund accounting functions. Record trade activity, income and expense transactions, and apply security valuations within the portfolio accounting system.

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

Nice To Haves

• 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

Responsibilities

• Maintaining the general ledger and records for hedge funds and registered products of varying complexity
• Produce end-of-month net asset value (NAV) calculations
• Prepare daily general ledger entries, prime broker and bank cash reconciliations, advisor and portfolio management processing, corporate action applications, expense accruals and payments, timely distribution of internal and external information, and portfolio reconciliations
• Collaborate with internal and external administrators, transfer agencies, prime brokers, and custodians to ensure compliance with SEC regulations and adherence to GAAP principles across all fund accounting functions
• Record trade activity, income and expense transactions, and apply security valuations within the portfolio accounting system.

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: Mid Level
• Number of Employees: 5,001-10,000 employees