Financial & Regulatory Reporting Associate
Not Disclosed•Full-TimeHybrid
location_on1006, East State Street, Juneautown, Downtown, Milwaukee, Milwaukee County, Wisconsin, 53202, 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 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.
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. As a member of this team, you will act as the primary fund accountant on multiple relationships, ensuring all fund accounting functions are completed in accordance with Generally Accepted Accounting Principles (GAAP). Your work will directly support the dissemination of financial and performance information to investment advisors and investors, playing a key role in the accuracy and integrity of our fund operations.
Location and Work Model
This role requires working from a U.S. Bank location three (3) or more days per week.
Hiring Process and Application
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. Please note that this posting may be closed earlier due to a high volume of applicants.
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, and other factors protected under applicable law. U.S. Bank will 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 as well as the San Francisco Fair Chance Ordinance. We are subject to, and conduct background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). Additionally, certain positions may be subject to 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.
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 and related workplace conduct and safety policies.
Work location
Work model: Hybrid
1006, East State Street, Juneautown, Downtown, Milwaukee, Milwaukee County, Wisconsin, 53202, United States
Milwaukee, Wisconsin
Key Responsibilities
- check_circleEnter and reconcile investor contributions and withdrawals in the partnership accounting system
- check_circleAllocate fund level profits to individual investors for statement preparation
- check_circleReview and coordinate fund expense analysis and expense processing
- check_circleRecord trade information, income, and expense activity in the portfolio accounting system
- check_circleCalculate net asset values for hedge funds and private equity products
- check_circlePrepare fund financial statements, audit schedules, and tax schedules
- check_circleApply valuation of securities within the portfolio accounting system
- check_circleDisseminate financial and performance information to investment advisors and investors
Requirements
- verifiedAssociate's degree in Accounting, Finance or business-related field or equivalent work experience
- verifiedLess than two years of related experience
- verifiedBachelor's degree preferred
- 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 including medical, dental, and vision insurancecheck_circleBasic term and optional term life insurancecheck_circleShort-term and long-term disability coveragecheck_circlePregnancy disability and parental leavecheck_circle401(k) and employer-funded retirement plancheck_circlePaid vacation ranging from two to five weeks depending on salary grade and tenurecheck_circleUp to 11 paid holiday opportunitiescheck_circleAdoption assistancecheck_circleSick and Safe Leave accruals of one hour for every 30 hours worked, up to 80 hours per calendar year
