Alternative Investments Accountant

U.S. Bank; Hackensack (NJ); Hybrid; USD 81,000 - 96,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k)

Paid vacation

Paid holiday

Adoption assistance

Sick leave

Job summary

U.S. Bank is seeking an experienced Alternative Investments Associate/Accountant to join a collaborative team handling hedge funds and registered products.

You will maintain the general ledger, produce NAV calculations, and process daily entries and reconciliations. You'll collaborate with administrators, prime brokers, custodians to ensure GAAP compliance, record trades and valuations, and support month-end close.

Qualifications

• Bachelor's degree in Accounting, Finance or related field, or equivalent work experience.
• 2–5 years of related experience, preferably in portfolio/partnership accounting.
• Strong knowledge in accounting, reporting and analysis.
• Ability to manage multiple tasks and deadlines simultaneously.
• Excellent interpersonal, verbal and written communication skills.
• Proficient in MS Office and accounting software.

Responsibilities

• Maintain general ledger and records for hedge funds and registered products.
• Produce end-of-month NAV calculations.
• Prepare daily general ledger entries, reconciliations and processing.
• Collaborate with administrators, transfer agents, prime brokers, and custodians to ensure GAAP compliance.
• Record trade activity, income and expense transactions, and apply valuations.

Skills

Accounting

Finance

Portfolio accounting

Education

Bachelor's degree in Accounting/Finance or related field

Tools

Microsoft Office

Portfolio accounting software

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

• Alternative Investments Associates and Accountants are part of a collaborative team responsible for maintaining the general ledger and records for hedge funds and registered products of varying complexity.
• They also produce end-of-month net asset value (NAV) calculations.
• Prepare daily general ledger entries, prime broker and bank cash reconciliations, advisor and portfolio management processing, corporate action applications, expense accruals and payments, timely distribution of internal and external information, and portfolio reconciliations.
• Collaborate with internal and external administrators, transfer agencies, prime brokers, and custodians to ensure compliance with SEC regulations and adherence to GAAP principles across all fund accounting functions.
• Record trade activity, income and expense transactions, and apply security valuations within the portfolio accounting system.

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.

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

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.

Pay Range: $81,345.00 - $95,700.00

In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements).

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.

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.