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

This role has multiple levels, open to candidates with <2 to 5+ years of experience in accounting coursework and/or: fund, portfolio or partnership accounting; finance or portfolio management, or public accounting within the financial services industry. The successful candidate will be hired for the level of the position that aligns with their experience. The compensation range presented below aligns to our entry level grade.

An Alternative Investments Accountant 1 works as part of a team that is responsible for providing accounting and administration services for hedge funds, private equity funds, and other similar products (each known as a Fund). Responsibilities to include:

• Ensure that Fund activity is correctly reflected in the accounting system. This activity might include investment position movement, expenses, accruals, capital activity, etc.
• Regularly reconcile cash and positions from the accounting application to custody and/or client records
• Assist in calculating the Net Asset Value (NAV) monthly or quarterly, or as defined by the Fund and client
• Record portfolio valuation information and collaborate to calculate various performance returns
• Assist in the financial statement process by preparing financial statements and providing support to the auditors and/or clients
• Maintain various support schedules
• Assist with the processing of fund expenses and accrual analysis
• Complete all accounting functions in accordance with Generally Accepted Accounting Principles (GAAP)
• Work with multiple teams to provide deliverables to clients on a timely basis

Basic Qualifications:

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

Preferred Skills/Experience:

• 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
• Proficiency in Microsoft Excel

Team members who are in a hybrid role typically spend 3 days per week at the posted U.S. Bank location, while having flexibility on their work location for the remaining working 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.

Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• 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

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.

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.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $56,950.00 - $67,000.00 - $73,700.00