Fund Accounting & Operations Assistant Manager

U.S. Bank•Philadelphia, PA

3d•Hybrid

About The Position

The Fund Accounting & Operations Assistant Manager supervises a team of administrators who provide accounting, administration, and investor servicing to investment companies and advisers. The role serves as a trusted adviser to clients by assessing changing business needs and strategies and providing expertise, tools, and information to support investment growth. It acts as the escalation point for assigned clients, directs issue resolution and process changes, and proactively identifies and mitigates risk-related issues. The position reviews accounting and financial statement information for audit and tax reviews, documents and sets up accounting principles for unusual investment types, and handles setup and processing of complex expense and incentive fee calculations and reconciliation items. The role requires working from a U.S. Bank location at least three days per week.

Requirements

Bachelor's degree in accounting, finance, or a related field, or equivalent experience.
Five or more years of experience in the alternative investments industry.

Nice To Haves

Working knowledge of Microsoft Office products.
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

Supervise a team of administrators providing accounting, administration, and investor servicing to investment companies and advisers.
Assess clients’ changing business needs and strategies and provide expertise, tools, and information to support investment growth.
Serve as the escalation point for assigned clients and direct issue resolution and process changes.
Identify risk-related issues through qualitative and quantitative data review, anticipate obstacles, and implement mitigating solutions.
Review accounting and financial statement information provided for audit and tax reviews.
Document and set up accounting principles for unusual investment types.
Set up and process complex expense and incentive fee calculations and reconciliation items.

Benefits

Medical, dental, and vision healthcare coverage.
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.