Fund Accounting & Operations Assistant Manager

U.S. Bank National Association•Philadelphia, PA

4d•$92,820 - $109,200•Hybrid

About The Position

The Fund Accounting & Operations Assistant Manager supervises a team of administrators providing accounting, administration, and investor servicing to investment companies and advisers. The role serves as a trusted advisor 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 and directs issue resolution and process changes to meet client needs. The role also proactively identifies risks using qualitative and quantitative data, anticipates obstacles, and implements mitigating solutions. Responsibilities include reviewing accounting and financial statement information for audit and tax reviews; documenting and setting up accounting principles for unusual investment types; and setting up and processing complex expense and incentive fee calculations and reconciliation items. The position requires working from a U.S. Bank location three or more 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.
Serve as a trusted advisor to clients by assessing changing business needs and strategies and providing expertise, tools, and information.
Act 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

Healthcare coverage, including medical, dental, and vision.
Basic term and optional term life insurance.
Short-term and long-term disability insurance.
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.