Alternative Investments Supervisor
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. This role supervises a team of administrators responsible for providing accounting, administration, and investor servicing to investment companies and advisers. The supervisor acts as a trusted advisor to clients, continually assessing changing business strategies and providing expertise, tools, and information to support investment growth. The position also serves as the escalation point for all assigned clients, directing issue resolution and process changes to meet client needs. Key tasks include preparing or reviewing work-papers, call and distribution letters, calculating carried interest, allocating profits and losses according to Fund Governing Agreements, and preparing or reviewing management fee calculations and supporting schedules. Additionally, the role involves preparing or reviewing work paper files for accuracy and completeness, covering capital activity, income and expense accruals, and investment activity.
Requirements
- Bachelor's degree in accounting, finance or related field, or equivalent experience
- Five or more years of experience in alternative investments industry
Nice To Haves
- Working knowledge of Microsoft Office products, PCS (Investran) and/or Cascade
- 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
- Supervises a team of administrators who are responsible for providing accounting, administration and investor servicing to investment companies and advisers.
- Serves as trusted advisor to clients by continually assessing changing business and strategies, as well as providing expertise, tools and information to focus on growing investments.
- Acts as the escalation point for all clients assigned to the team and directs issue resolution and process changes to support client needs.
- Prepare or review work-papers, prepare call and distribution letters, calculate carried interest, and allocate profits and losses in accordance with Fund Governing Agreement.
- Prepare or review management fee calculations and supporting schedules.
- Prepare or review work paper files for accuracy and completeness, including capital activity, income and expense accruals and investment activity.
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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
501-1,000 employees
