Alternative Investments Assistant Manager
About The Position
The Alternative Investments Assistant Manager supervises a team of administrators who provide accounting, administration, and investor servicing to investment companies and advisers. The role serves as a trusted adviser to clients, assessing changes in their businesses and strategies and providing expertise, tools, and information to support investment growth. The manager acts as the escalation point for assigned clients and directs issue resolution and process changes to meet client needs. The position proactively identifies risk-related issues by reviewing qualitative and quantitative data, anticipates obstacles, and implements solutions to mitigate risks. It also reviews accounting and financial statement information for audit and tax reviews; documents and sets up accounting principles for unusual investment types; and sets up or processes complex expense and incentive-fee calculations and reconciliation items. The role requires working from a U.S. Bank location three or more days per week.
Requirements
- Bachelor’s degree in accounting, finance, or a related field, or equivalent experience.
- Five or more years of experience in the alternative investments industry.
Nice To Haves
- Working knowledge of Microsoft Office products.
- Basic knowledge of Advent applications.
- General knowledge and understanding of portfolio accounting and the investment management industry.
- Excellent verbal and written communication skills.
- Proven team-oriented, leadership, and organizational skills.
- CPA or CFA certification.
Responsibilities
- Supervise a team of administrators providing accounting, administration, and investor servicing to investment companies and advisers.
- Assess clients’ changing businesses and strategies and provide expertise, tools, and information to support investment growth.
- Act as the escalation point for assigned clients and direct issue resolution and process changes.
- Identify risk-related issues through qualitative and quantitative data review, anticipate obstacles, and implement mitigating solutions.
- Review accounting and financial statement information provided for audit and tax reviews.
- Document and set up accounting principles for unusual investment types.
- Set up and process complex expense and incentive-fee calculations and reconciliation items.
Benefits
- Healthcare, including medical, dental, and 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 ranging 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
- Incentive and recognition programs.
- Equity stock purchase.
- Pension.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
