Hybrid Alternative Investments Accountant: Hedge Funds

US Bank; Edison (NJ); Hybrid; USD 76,000 - 89,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) employer match

Paid vacation

Paid holidays

Parental leave

Disability insurance

Life insurance

Adoption assistance

Sick leave

Job summary

U.S. Bank is seeking an alternatives investments associate to join a team responsible for accounting, administration and investor servicing for hedge funds, private equity funds and other products.

You will calculate NAVs, reconcile investor contributions and prepare financial statements in line with GAAP, with a hybrid work schedule requiring in-office presence at least 3 days a week and flexibility to work remotely for other days.

Qualifications

• Bachelor's degree in Accounting, Finance or a business-related field, or equivalent work experience
• Less than two years of related experience

Responsibilities

• Compute net asset values (NAV) and disseminate performance information to investment advisor and investors
• Enter and reconcile investor contributions and withdrawals in the partnership accounting system
• Allocate fund level profits to individual investors for investor statements
• Prepare fund financial statements, audit and tax schedules
• Review fund expense analysis and processing

Skills

Accounting knowledge

GAAP understanding

Analytical skills

Attention to detail

Communication skills

Education

Bachelor's degree in Accounting, Finance or business-related field

Tools

Investran PCS

Cascade

Microsoft Office

Job description

U.S. Bank is seeking an alternatives investments associate to join a team responsible for accounting, administration and investor servicing for hedge funds, private equity funds and other products.

You will calculate NAVs, reconcile investor contributions and prepare financial statements in line with GAAP, with a hybrid work schedule requiring in-office presence at least 3 days a week and flexibility to work remotely for other days.