Alt Investments Associate – Fund Accounting

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.

We actively uphold transparent and fair hiring practices that support individual opportunity, inclusive culture, and career mobility across all levels of our organisation.

We offer meaningful opportunities for growth, a culture of inclusion, and a strong commitment to transparency and integrity in everything we do.

Job Description

Alternative Investments Associates and Accountants work as part of a team responsible for providing accounting, administration and investor servicing for hedge funds, private equity funds and closed-end registered products.

Key accountabilities:

Individuals calculate net asset value(s) and disseminate financial and performance information to the investment advisor and their investors.

Acting as primary fund accountant on multiple relationships, ensures all fund accounting functions are in 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.

Reconciles cash and positions between our accounting system, custodian records and client reports

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 reporting.

Skills & experience required:

University degree in a relevant subject

Ability to identify and resolve/escalate 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

Additional information

The role offers a hybrid / flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

This position is not eligible for visa sponsorship.