Fund Accounting & Operations Associate

US Bank•Milwaukee, WI

32d

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

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.

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

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