Middle Office Operations Manager

U.S. Bank National Association•Hackensack, NJ

1d•$117,725 - $138,500•Hybrid

About The Position

The Middle Office Operations Manager supervises a team of administrators providing accounting, administration, and investor servicing to investment companies and advisers. The manager serves as a trusted client advisor by assessing changing business needs and strategies and providing expertise, tools, and information to support investment growth. This role is the escalation point for assigned clients and directs issue resolution and process changes to meet their needs. The manager proactively identifies risk-related issues through qualitative and quantitative data review, anticipates obstacles, and implements mitigating solutions. Responsibilities also 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. The listed pay range is $117,725 to $138,500; actual pay may vary by work location.

Requirements

Bachelor's degree in accounting, finance, or a related field, or equivalent experience.
Seven to nine years of experience in the alternative investments industry.
Ability to work from a U.S. Bank location three or more days per week.

Nice To Haves

Self-starter able to operate independently, take ownership, and drive initiatives from concept to execution.
Strong understanding of derivative products, including OTC and repo, collateral management systems, and regulatory margining requirements.
Thorough knowledge of Advent Geneva.
Strong technical background and experience building Excel models.
Thorough knowledge and understanding of portfolio accounting and the investment management industry.
Excellent verbal and written communication skills.
Team-oriented leadership and organizational skills; managerial experience is a plus.
CPA or CFA certification.

Responsibilities

Supervise administrators responsible for accounting, administration, and investor servicing for investment companies and advisers.
Advise clients by assessing changing business needs and strategies and providing expertise, tools, and information to support investment growth.
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

Medical, dental, and vision coverage.
Basic term and optional term life insurance.
Short-term and long-term disability coverage.
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, 401(k) contribution, and pension, subject to eligibility requirements.