Alternative Investments Accountant

U.S. Bank; Chicago (IL); Hybrid; USD 66,640 - 78,400; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement plan

Paid vacation

Sick and Safe Leave

Job summary

A major financial institution is seeking an Alternative Investments Accountant in Chicago. The role involves providing accounting and investor servicing for hedge funds and private equity funds, preparing financial statements, and calculating net asset values. Candidates should possess a Bachelor's degree in Accounting or Finance, along with 2-5 years of relevant experience. The position offers a hybrid work schedule and various benefits, including healthcare, 401(k), and paid vacation.

Qualifications

• 2-5 years of experience in portfolio/partnership accounting.
• Thorough knowledge in accounting and reporting.
• Ability to manage multiple tasks and deadlines.

Responsibilities

• Provide accounting and investor servicing for hedge funds and private equity.
• Calculate net asset values and disseminate financial information.
• Prepare financial statements and tax schedules.

Skills

Accounting knowledge

Problem-solving

Time management

Effective communication

Proficient in Microsoft Office

Education

Bachelor's degree in Accounting, Finance or related field

Job description

Alternative Investments Accountant 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.

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). Records trade information, income/expense activity and applies valuation of securities in the portfolio accounting system. Enters and reconciles all investor contributions and withdrawals in the partnership accounting system. 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 schedules.

Basic Qualifications

• 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

Preferred Skills/Experience

• 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

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

• 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

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.

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.

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

Location: Chicago, IL

Pay Range: $66,640.00 - $78,400.00