Alternative Investments Associate

U.S. Bank • Edison, NJ

2d • Hybrid

About The Position

Alternative Investments Associates and Accountants work as part of a team providing accounting, administration, and investor servicing for hedge funds, private equity funds, and closed-end registered products. They calculate net asset values and disseminate financial and performance information to investment advisors and investors. Acting as primary fund accountant for multiple relationships, the associate ensures fund accounting functions are completed in accordance with Generally Accepted Accounting Principles (GAAP). The role records trade information and income and expense activity, applies securities valuations in the portfolio accounting system, enters and reconciles investor contributions and withdrawals in the partnership accounting system, allocates fund-level profits to investors for statements, reviews and coordinates fund expense analysis and processing, and prepares fund financial statements, audit schedules, and tax schedules.

This role requires working from a U.S. Bank location three or more days per week. U.S. Bank offers a comprehensive benefits package, subject to eligibility 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 securities valuations 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 investor statements.
• Review and coordinate fund expense analysis and expense processing.
• Prepare fund financial statements, audit schedules, and tax schedules.

Benefits

• Healthcare, including medical, dental, and vision coverage
• 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law
• Incentive and recognition programs
• Equity stock purchase
• 401(k) contribution and pension

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level