Alternative Investments Associate

U.S. Bank•Edison, NJ

2d•Hybrid

About The Position

Alternative Investments Associates and Accountants at U.S. Bank 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. This role involves calculating net asset value(s) and disseminating financial and performance information to the investment advisor and their investors. The individual acts as the primary fund accountant on multiple relationships, ensuring all fund accounting functions are completed in accordance with Generally Accepted Accounting Principles (GAAP). This includes recording trade information, income/expense activity, applying valuation of securities in the portfolio accounting system, entering and reconciling investor contributions and withdrawals in the partnership accounting system, allocating fund level profits to individual investors for statement preparation and distribution, reviewing and coordinating fund expense analysis and processing, and preparing fund financial statements, audit, and tax schedules.

Requirements

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
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 with a working knowledge of Microsoft Office products (with intermediate to expert Excel skills)

Nice To Haves

Working knowledge of PCS (Investran) and/or Cascade

Responsibilities

Providing accounting, administration and investor servicing for hedge funds, private equity funds and closed-end registered products
Calculating net asset value(s) and disseminating financial and performance information to the investment advisor and their investors
Acting as primary fund accountant on multiple relationships
Ensuring all fund accounting functions are in completed in accordance with Generally Accepted Accounting Principles (GAAP)
Recording trade information, income/expense activity and applying valuation of securities in the portfolio accounting system
Entering and reconciling all investor contributions and withdrawals in the partnership accounting system
Allocating fund level profits to individual investors for preparation and distribution of investor statements
Reviewing and coordinating fund expense analysis and expense processing
Preparing 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
Incentive and recognition programs
Equity stock purchase
Pension