What are the responsibilities and job description for the Fund Accounting Senior Associate – Alternative Investments position at U.S. Bank?
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.
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. 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 completed in accordance with Generally Accepted Accounting Principles (GAAP).
- Prepare Monthly / Quarterly NAV packages
- Record trade information, income / expense activity and applies valuation of securities in the portfolio accounting system.
- Prepare Processing of Capital Calls and Distributions
- Prepare Allocation of Fund level profits and losses to individual investors for preparation and distribution of investor statements in accordance to Fund Legal Documents
- Prepare Calculation of Management Fees and Carried Interest
- Coordinate fund expense analysis and expense processing
- Review of various Fund Legal Documents, including Limited Partnership Agreements, Side Letters, and Private Placement Memorandums
- Interactions and coordination with internal and external stakeholders, including but not limited to clients, auditors, and other groups within US Bank
Basic Qualifications :
Preferred Skills / Experience :
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.
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants .
Benefits :
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories.
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