Alternative Investments Associate

U.S. Bank•Edison, NJ

4d•$75,905 - $89,300•Hybrid

About The Position

Alternative Investments Associates and Accountants are part of a team providing accounting, administration, and investor servicing for hedge funds, private equity funds, and closed-end registered products. The role calculates net asset values and disseminates financial and performance information to investment advisors and investors. As the primary fund accountant on multiple relationships, the associate ensures fund accounting functions are completed in accordance with Generally Accepted Accounting Principles (GAAP). The position records trades and income and expense activity, values portfolio securities, enters and reconciles investor contributions and withdrawals, allocates fund-level profits to individual investors, and prepares investor statements. It also reviews and coordinates fund expense analysis and processing and prepares fund financial statements, audit schedules, and tax schedules. The role requires working from a U.S. Bank location three or more days per week. The stated salary range is $75,905 to $89,300, with the actual range potentially varying by location. The position is subject to applicable U.S. Bank policies and may be subject to regulatory and background-check requirements.

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 or partnership accounting.
Thorough knowledge of accounting, reporting, and analysis.
Ability to identify and resolve or escalate complex problems with minimal guidance.
Ability to manage multiple tasks or 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.

Nice To Haves

Experience in portfolio or partnership accounting.

Responsibilities

Calculate net asset values and disseminate financial and performance information to investment advisors and investors.
Act as primary fund accountant on multiple relationships and ensure fund accounting functions are completed in accordance with GAAP.
Record trade information and income and expense activity, and apply valuation of securities in the portfolio accounting system.
Enter and reconcile investor contributions and withdrawals in the partnership accounting system.
Allocate fund-level profits to individual investors and prepare and distribute investor statements.
Review and coordinate fund expense analysis and expense processing.
Prepare fund financial statements, audit schedules, and tax schedules.

Benefits

Healthcare coverage, including medical, dental, and vision insurance.
Basic term and optional term life insurance.
Short-term and long-term disability coverage.
Pregnancy disability and parental leave.
401(k) and employer-funded retirement plan.
Paid vacation of 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 and 401(k) contribution.
Pension, subject to eligibility requirements.