Fund Accounting & Operations Associate

U.S. Bank • Milwaukee, WI

12d

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 Alternative Investments Associates and Accountants are part of a collaborative team responsible for maintaining the general ledger and records for hedge funds, private equity funds, and registered products of varying complexity. Acts as primary fund accountant on multiple investment advisor relationships. Prepares daily general ledger entries, prime broker and bank cash reconciliations, advisor and portfolio management processing, corporate action applications, expense accruals and payments, timely distribution of internal and external information, and portfolio reconciliations. Collaborates with internal and external administrators, transfer agencies, prime brokers, and custodians to ensure compliance with SEC regulations and adherence to Generally Accepted Accounting Principles (GAAP), across all fund accounting functions. Records trade activity, income and expense transactions, and apply security valuations within the portfolio accounting system. Produces end-of-month (or quarterly) Net Asset Value (NAV) calculations. Prepares fund financial statements, audit and tax reporting.

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/partnership accounting.
• Thorough knowledge in accounting, reporting, and analysis
• Maintain attention to detail in a fast-paced environment
• Proven ability to stay organized
• Ability to multi-task between different tasks, client deliverables and internal demands throughout the day
• Strong capability to comprehend and evaluate terms set forth within agreements
• Ability to identify and resolve/escalate complex problems with minimal guidance
• Effective interpersonal, verbal and written communication skills
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

Nice To Haves

• Knowledge of Geneva or other partnership accounting software a plus

Responsibilities

• Maintaining the general ledger and records for hedge funds, private equity funds, and registered products of varying complexity.
• Acting as primary fund accountant on multiple investment advisor relationships.
• Preparing daily general ledger entries, prime broker and bank cash reconciliations, advisor and portfolio management processing, corporate action applications, expense accruals and payments, timely distribution of internal and external information, and portfolio reconciliations.
• Collaborating with internal and external administrators, transfer agencies, prime brokers, and custodians to ensure compliance with SEC regulations and adherence to Generally Accepted Accounting Principles (GAAP), across all fund accounting functions.
• Recording trade activity, income and expense transactions, and apply security valuations within the portfolio accounting system.
• Producing end-of-month (or quarterly) Net Asset Value (NAV) calculations.
• Preparing fund financial statements, audit and tax reporting.

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: Entry Level
• Number of Employees: 5,001-10,000 employees