Private Equity Operations Associate

U.S. Bank • New York, NY

2d

About The Position

Private Equity Operations Associates work as part of a team responsible for providing accounting, administration and operations, private equity fund of funds. Acting as primary fund accountant on multiple relationships, ensures all fund accounting functions are completed in accordance with Generally Accepted Accounting Principles (GAAP). Records trade information, income/expense activity and applies valuation of securities in the portfolio accounting system. Enters and reconciles all investor contributions and withdrawals in the partnership accounting system. Allocates fund level profits to individual investors for preparation and distribution of investor statements. Reviews and coordinates fund expense analysis and expense processing. Prepares fund financial statements, audit and tax schedules.

Requirements

• Bachelor's degree in Accounting, Finance or a business-related field, or equivalent work experience
• Five or more years of related experience, preferably in portfolio/partnership accounting, finance or portfolio management
• Thorough knowledge in accounting, reporting, and analysis
• Ability to identify and resolve/escalate complex problems with minimal guidance
• Ability to manage multiple tasks/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

Responsibilities

• Acting as primary fund accountant on multiple relationships, ensures all fund accounting functions are completed in accordance with Generally Accepted Accounting Principles (GAAP).
• Records trade information, income/expense activity and applies valuation of securities in the portfolio accounting system.
• Enters and reconciles all investor contributions and withdrawals in the partnership accounting system.
• Allocates fund level profits to individual investors for preparation and distribution of investor statements.
• Reviews and coordinates fund expense analysis and expense processing.
• Prepares fund financial statements, audit and tax schedules.

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