Hybrid Alternative Investments Accountant

at U.S. Bank

• Job title: Alternative Investments Accountant
• Job type: Full Time
• Experience level: Junior, Mid level
• Salary: $75,905 - $89,300 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Chicago, United States

About the role

• Accounting professional managing accounting and investor servicing for hedge funds and private equity funds. Ensuring compliance with GAAP and preparing financial statements and reports.

Responsibilities

• Provide accounting, administration and investor servicing for hedge funds, private equity funds and closed-end registered products
• Calculate net asset value(s) and disseminate financial and performance information to the investment advisor and their investors
• Act as primary fund accountant on multiple relationships and ensure all fund accounting functions are completed in accordance with GAAP
• Record trade information, income/expense activity and apply valuation of securities in the portfolio accounting system
• Enter and reconcile all investor contributions and withdrawals in the partnership accounting system
• Allocate fund level profits to individual investors for preparation and distribution of investor statements
• Review and coordinate fund expense analysis and expense processing
• Prepare fund financial statements, audit and tax schedules

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
• PCS (Investran) and Cascade knowledge a plus
• 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

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