Hybrid Funds Accountant: Alternatives Investments

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

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement

Paid vacation

11 paid holidays

Parental leave

Job summary

U.S. Bank seeks an Alternative Investments Associate and Accountant to support accounting, administration and investor servicing for hedge funds, private equity funds and closed-end products.

In this role you calculate NAVs and disseminate performance data to the investment advisor and investors, acting as primary fund accountant across multiple relationships with GAAP compliance and timely investor statements.

Qualifications

• Bachelor's degree in Accounting, Finance or business-related field, or equivalent work experience.
• Two to five years of related experience, preferably in portfolio/partnership accounting.

Responsibilities

• Calculate net asset value(s) and disseminate financial and performance information to the investment advisor and investors.
• Act as primary fund accountant on multiple relationships, ensures all fund accounting functions are GAAP-compliant.
• Record trade information, income/expense activity and apply valuation of securities in the portfolio accounting system.
• Enter and reconcile investor contributions and withdrawals in the partnership accounting system.
• Allocate fund-level profits to investors for preparation and distribution of investor statements.
• Review and coordinate fund expense analysis and expense processing.
• Prepare fund financial statements, audit and tax schedules.

Skills

Accounting knowledge

Portfolio accounting

Communication skills

Multitasking

Microsoft Office

Education

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

Tools

PCS (Investran)

Cascade

Microsoft Office

Job description

U.S. Bank seeks an Alternative Investments Associate and Accountant to support accounting, administration and investor servicing for hedge funds, private equity funds and closed-end products.

In this role you calculate NAVs and disseminate performance data to the investment advisor and investors, acting as primary fund accountant across multiple relationships with GAAP compliance and timely investor statements.