Financial & Regulatory Reporting Associate
Not Disclosed•Full-TimeOn-site
location_on4132,4134, West McKinley Court, Martin Drive, Milwaukee, Milwaukee County, Wisconsin, 53208, United States
About U.S. Bank
At U.S. Bank, we're on a journey to do our best. We help the customers and businesses we serve make better and smarter financial decisions and enable 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 offers 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.
About the Role
The Alternative Investments Associates and Accountants team is responsible for providing accounting, administration, and investor servicing for hedge funds, private equity funds, and closed-end registered products. In this role, you will act as a primary fund accountant on multiple relationships, ensuring all fund accounting functions are completed in accordance with Generally Accepted Accounting Principles (GAAP).
Your day-to-day impact involves calculating net asset values (NAV) and disseminating financial and performance information to investment advisors and investors. You will record trade information, income and expense activity, and apply security valuations within the portfolio accounting system. Additionally, you will manage investor contributions and withdrawals, allocate fund-level profits to individual investors for statement preparation, and coordinate fund expense analysis. The role also includes preparing fund financial statements, audit schedules, and tax schedules.
Location Expectations
This role requires working from a U.S. Bank location three (3) or more days per week.
Benefits and Well-being
Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside of work. Our benefits are designed to help you and your family boost your health, protect your financial security, and give you peace of mind. This includes comprehensive healthcare (medical, dental, vision), life and disability insurance, parental leave, a 401(k) with employer contributions, paid vacation, and paid holidays.
Equal Opportunity and Compliance
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. We also consider qualified applicants with arrest or conviction records for employment, conducting background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.
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. Applicants must be able to comply with U.S. Bank policies and procedures, including the Code of Ethics and Business Conduct.
Application Process
If you require an accommodation during any portion of the application or hiring process due to a disability, please refer to our disability accommodations for applicants. Please note that this posting may be closed earlier than expected due to a high volume of applicants.
Work location
Work model: On-site
4132,4134, West McKinley Court, Martin Drive, Milwaukee, Milwaukee County, Wisconsin, 53208, United States
Milwaukee, Wisconsin
Key Responsibilities
- check_circleEnsure all fund accounting functions comply with Generally Accepted Accounting Principles
- check_circleEnter and reconcile investor contributions and withdrawals in the partnership accounting system
- check_circleAllocate fund level profits to individual investors for statement preparation and distribution
- check_circleReview and coordinate fund expense analysis and expense processing
- check_circleCalculate net asset values for hedge funds and private equity products
- check_circlePrepare fund financial statements, audit schedules, and tax schedules
- check_circleDisseminate financial and performance information to investment advisors and investors
- check_circleRecord trade information, income, expense activity, and apply security valuations
Requirements
- verifiedAssociate's degree in Accounting, Finance or business-related field or equivalent work experience
- verifiedLess than two years of related experience
- verifiedThorough knowledge of Generally Accepted Accounting Principles (GAAP)
- verifiedProficient computer navigation skills using Microsoft Office applications
Nice to Have
Bachelor's degree. Thorough knowledge of Generally Accepted Accounting Principles (GAAP). 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 & Perks
check_circleHealthcare (medical, dental, vision)check_circleBasic term and optional term life insurancecheck_circleShort-term and long-term disabilitycheck_circlePregnancy disability and parental leavecheck_circle401(k) and employer-funded retirement plancheck_circlePaid vacation (from two to five weeks depending on salary grade and tenure)check_circleUp to 11 paid holiday opportunitiescheck_circleAdoption assistancecheck_circleSick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year
Similar Job Opportunities
Skills, education and keywords
Skills: Gaap, Microsoft Office.
Education: Associate's degree in Accounting, Finance or business-related field, or equivalent work experience; Bachelor's degree preferred.
Frequently asked questions about Financial & Regulatory Reporting Associate at U.S. Bank
What does a Financial & Regulatory Reporting Associate at U.S. Bank do?expand_more
In this Financial & Regulatory Reporting Associate at U.S. Bank role, you will ensure all fund accounting functions comply with generally accepted accounting principles; enter and reconcile investor contributions and withdrawals in the partnership accounting system; allocate fund level profits to individual investors for statement preparation and distribution; and review and coordinate fund expense analysis and expense processing.
What are the requirements for this Financial & Regulatory Reporting Associate role?expand_more
To qualify for the Financial & Regulatory Reporting Associate at U.S. Bank position, applicants should have: Associate's degree in Accounting, Finance or business-related field or equivalent work experience; Less than two years of related experience; Thorough knowledge of Generally Accepted Accounting Principles (GAAP); and Proficient computer navigation skills using Microsoft Office applications.
Where is the Financial & Regulatory Reporting Associate role at U.S. Bank located?expand_more
Financial & Regulatory Reporting Associate at U.S. Bank is based in 4132,4134, West McKinley Court, Martin Drive, Milwaukee, Milwaukee County, Wisconsin, 53208, United States. This is a on-site role.
Is this Financial & Regulatory Reporting Associate job remote, hybrid, or on-site?expand_more
U.S. Bank has listed this Financial & Regulatory Reporting Associate role as on-site.
How much experience is required for this Financial & Regulatory Reporting Associate role?expand_more
Financial & Regulatory Reporting Associate at U.S. Bank typically requires 0+ years of relevant experience at the entry level level.
What skills do you need for the Financial & Regulatory Reporting Associate role at U.S. Bank?expand_more
Key skills for Financial & Regulatory Reporting Associate at U.S. Bank include Gaap; and Microsoft Office.
What education is required for Financial & Regulatory Reporting Associate at U.S. Bank?expand_more
Educational requirements for this role: Associate's degree in Accounting, Finance or business-related field, or equivalent work experience; and Bachelor's degree preferred.
What category does the Financial & Regulatory Reporting Associate role belong to?expand_more
Financial & Regulatory Reporting Associate at U.S. Bank is part of the Accounting & Finance job category on Recrutus.
About U.S. Bank
U.S. Bank provides tailored financial solutions combining advanced technology and personalized service to clients nationwide. Based in Minneapolis, the fifth-largest commercial bank in the United States operates across commercial and institutional banking, business banking, payments, wealth management, and consumer banking. Recognized as one of the World’s Most Ethical Companies by Ethisphere and a top-ranked superregional bank by Fortune, the institution serves over half a million clients, including 90% of Fortune 1000 companies, through a network of thousands of branches and strategic partnerships.\n\nIts comprehensive suite of products supports both individual and enterprise clients, spanning wealth management strategies, corporate banking services, and institutional financial solutions. U.S. Bank emphasizes a culture of innovation and inclusion, earning distinctions such as Military Times’ Best for Vets and Fair360’s Top 50 Companies for Diversity. The organization prioritizes ethical practices and client-focused collaboration to deliver stable, scalable banking solutions.\n\nMember FDIC. Equal Housing Lender.
Browse more roles: All U.S. Bank jobs, Accounting & Finance jobs on Recrutus.