Fund Accounting & Operations Associate

U.S. Bank•Chicago, IL

4d•Hybrid

About The Position

Fund Accounting & Operations Associates and Accountants work as part of a team providing accounting, administration, and investor servicing for hedge funds, private equity funds, and closed-end registered products. The role calculates net asset values and disseminates financial and performance information to investment advisors and investors. Acting as the primary fund accountant for multiple relationships, the associate ensures fund accounting functions are completed in accordance with Generally Accepted Accounting Principles (GAAP). The role records trade information and income and expense activity, values portfolio securities in the portfolio accounting system, enters and reconciles investor contributions and withdrawals in the partnership accounting system, allocates fund-level profits to investors, and prepares and distributes investor statements. It also reviews and coordinates fund expense analysis and processing and prepares fund financial statements, audit schedules, and tax schedules. The position requires working from a U.S. Bank location three or more days per week. The stated pay range is $75,905 to $89,300; the actual range may vary by location.

Requirements

Bachelor's degree in Accounting, Finance, or a business-related field, or equivalent work experience.
Two to five years of related experience; portfolio or partnership accounting experience is preferred.
Thorough knowledge of accounting, reporting, and analysis.
Ability to identify and resolve or escalate complex problems with minimal guidance.
Ability to manage multiple tasks or projects and deadlines simultaneously.
Effective interpersonal, verbal, and written communication skills.
Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications.

Nice To Haves

Portfolio or partnership accounting experience.

Responsibilities

Calculate net asset values and disseminate financial and performance information to investment advisors and investors.
Serve as primary fund accountant for multiple relationships and ensure fund accounting functions comply with GAAP.
Record trade information and income and expense activity, and value securities in the portfolio accounting system.
Enter and reconcile investor contributions and withdrawals in the partnership accounting system.
Allocate fund-level profits to individual investors and prepare and distribute investor statements.
Review and coordinate fund expense analysis and expense processing.
Prepare fund financial statements, audit schedules, and tax schedules.

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, 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
Incentive and recognition programs.
Equity stock purchase.
Pension, subject to eligibility requirements.