Financial & Regulatory Reporting Manager

U.S. Bank • Edison, NJ

1d • Onsite

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. Job Description This role will join the financial reporting team that oversees and manages the external financial reporting function for various clients across the organization. Ownership over the review and delivery of monthly / quarterly unaudited financial statements for various hedge funds and private equity funds to client(s) Prepare/review annual audited financial statement disclosures in conjunction with preparation/review of U.S. GAAP and SOC-1 checklist Coordinate annual audits with external audit firms Perform disclosure research and consult with management and external auditor to ensure proper disclosures are prepared for non-routine transactions Assess and refine current data collection practices and the chart of accounts to capture the granular level of detail required for ILPA reporting. Oversee the calculation and presentation of fund-level performance metrics, and a detailed breakdown of all fees, expenses, and carried interest, including offset calculations. Lead initiatives to streamline existing processes through technology, automation and other improvement opportunities Develop and mentor both onshore and offshore team members, fostering a strong culture of accountability, performance and continuous learning and growth Location expectations This role requires working from a U.S. Bank location three (3) or more days per week.

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
• Basic knowledge of Advent applications preferred
• 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 preferred

Responsibilities

• Ownership over the review and delivery of monthly / quarterly unaudited financial statements for various hedge funds and private equity funds to client(s)
• Prepare/review annual audited financial statement disclosures in conjunction with preparation/review of U.S. GAAP and SOC-1 checklist
• Coordinate annual audits with external audit firms
• Perform disclosure research and consult with management and external auditor to ensure proper disclosures are prepared for non-routine transactions
• Assess and refine current data collection practices and the chart of accounts to capture the granular level of detail required for ILPA reporting.
• Oversee the calculation and presentation of fund-level performance metrics, and a detailed breakdown of all fees, expenses, and carried interest, including offset calculations.
• Lead initiatives to streamline existing processes through technology, automation and other improvement opportunities
• Develop and mentor both onshore and offshore team members, fostering a strong culture of accountability, performance and continuous learning and growth

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

What This Job Offers

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