Alternative Investment Manager

U.S. Bank; Hackensack (NJ); On-site; USD 118,000 - 139,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance

Disability leave

Retirement plan (401(k))

Paid vacation and holidays

Parental leave

Job summary

U.S. Bank is seeking a senior professional to supervise a team delivering accounting, administration and investor servicing for investment companies and advisers.

You will act as a trusted advisor to clients, assess business changes, and lead issue resolution and process improvements to support client needs. You will review accounting and financial statements for audits, set up accounting principles for unusual investment types, and manage complex expense and incentive fee calculations and

Qualifications

• Bachelor's degree in accounting, finance or related field, or equivalent experience.
• Seven to nine years of experience in alternative investments industry.

Responsibilities

• Supervises a team of administrators handling accounting, administration and investor servicing for investment companies and advisers.
• Acts as escalation point for clients and directs issue resolution and process changes to support client needs.
• Reviews accounting and financial statement information for audits and tax reviews, sets up accounting principles for unusual investments, and handles complex expense and incentive fee calculations.

Skills

Self-starter

Independent ownership

Strong communication

Leadership ability

Analytical thinking

Regulatory awareness

Education

Bachelor's degree in accounting/finance or related field

CPA or CFA certification preferred

Tools

Advent Geneva

Excel modelling

Job description

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

Supervises a team of administrators who are responsible for providing accounting, administration and investor servicing to investment companies and advisers. Serves as trusted advisor to clients by continually assessing changing business and strategies, as well as providing expertise, tools and information to focus on growing investments. Acts as the escalation point for all clients assigned to the team and directs issue resolution and process changes to support client needs. Proactively identifies risk-related issues through review of qualitative and quantitative data, anticipates obstacles and then implements mitigating solutions. Reviews the accounting and financial statement information provided for audit and tax reviews, documentation and set-up of the accounting principles for unusual investment types, and set-up/processing of complex expense and incentive fee calculations and reconciliation items.

Basic Qualifications

• Bachelor's degree in accounting, finance or related field, or equivalent experience
• Seven to nine years of experience in alternative investments industry

Preferred Skills / Experience

• Self-starter with a demonstrated ability to operate independently, take ownership, and drive initiatives from concept to execution
• Strong understanding of derivative products (OTC, repo), collateral management systems, and regulatory margining requirements
• Thorough knowledge of Advent Geneva preferred
• Strong technical background with experience building excel models
• Thorough knowledge and understanding of portfolio accounting and the investment management industry
• Excellent verbal and written communication skills
• Proven team-oriented, leadership and organizational skills - managerial experience a plus.
• CPA or CFA certification preferred

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

• 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
• Review our full benefits available by employment status here.

Equal Opportunity Employer

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

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. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

Pay Range

Pay Range: $117,725.00 - $138,500.00

Background Checks

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting Notes

Posting may be closed earlier due to high volume of applicants.