Investor Allocations Manager

U.S. Bank • Hackensack, NJ

11d

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 U.S. Bank’s Alternative Investment (AI) Services Allocations department is responsible for the accurate calculation of fund‑ and investor‑level net asset value (NAV) on a daily, monthly, or quarterly basis, supporting a broad range of hedge fund and private equity structures. In this role, the Investor Allocations Team Member supervises a team of administrators responsible for fund accounting, administration, and investor servicing. The position is also accountable for maintaining the official books and records of the funds administered, ensuring compliance with governing offering documents. Core responsibilities include: allocating income and losses across complex fund structures calculating management, incentive, and carried interest fees preparing investor statements, capital calls, distributions, and rebalancing calculations. ensuring the timely and accurate delivery of all required investor notices. reviewing accounting and financial statement information for audit and tax purposes This position requires strong analytical skills, including the ability to interpret legal and governing documents and translate requirements into detailed Microsoft Excel models, which are used daily. The role serves as the primary escalation point for assigned clients and acts as a trusted advisor by proactively identifying risks, anticipating challenges, and implementing process improvements to support evolving client needs. The team works closely with operations, investor relations, auditors, and financial reporting teams throughout the fund lifecycle, including fiscal year‑end activities. This role supports multiple client relationships and requires a strong understanding of USBFS’ Alternative Investment business, its core services, and related ancillary offerings. Professional communication skills and a motivated, self‑starter mindset are essential for success.

Requirements

• Bachelor's degree in accounting, finance or related field, or equivalent experience
• Seven to nine years of experience in alternative investments industry
• Proficiency in Microsoft Office applications, with advanced Excel skills and the ability to navigate multiple software platforms
• Strong interpersonal skills with effective verbal and written communication abilities
• Demonstrated team‑oriented approach with solid leadership and organizational skills

Nice To Haves

• Strong understanding of Advent and Investran applications
• Comprehensive knowledge of portfolio accounting and the investment management industry
• Detail‑oriented with the ability to identify, resolve, or appropriately escalate complex issues with minimal guidance
• Proven ability to manage multiple tasks, projects, and competing deadlines simultaneously

Responsibilities

• allocating income and losses across complex fund structures
• calculating management, incentive, and carried interest fees
• preparing investor statements, capital calls, distributions, and rebalancing calculations
• ensuring the timely and accurate delivery of all required investor notices
• reviewing accounting and financial statement information for audit and tax purposes

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