Hybrid Senior Accountant – Alternative Investments

at U.S. Bank

• Job title: Senior Accountant – Alternative Investments
• Job type: Full Time
• Experience level: Senior
• Salary: $86,530 - $101,800 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Edison, United States

About the role

• Alternative Investments Senior Accountant at U.S. Bank managing accounting and investor servicing for hedge funds and private equity funds. Ensuring fund accounting functions comply with GAAP while calculating net asset values.

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, ensuring all fund accounting functions are completed in accordance with Generally Accepted Accounting Principles (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
• 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

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