Financial and Regulatory Reporting Senior Associate

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

Alternative Investments Associates and Accountants work as part of a team responsible for providing accounting, administration and investor servicing for hedge funds, private equity funds and closed-end registered products. Individuals calculate net asset value(s) and disseminate financial and performance information to the investment advisor and their investors. Acting as primary fund accountant on multiple relationships, ensures all fund accounting functions are in completed in accordance with Generally Accepted Accounting Principles (GAAP). Records trade information, income/expense activity and applies valuation of securities in the portfolio accounting system. Enters and reconciles all investor contributions and withdrawals in the partnership accounting system. Allocates fund level profits to individual investors for preparation and distribution of investor statements. Reviews and coordinates fund expense analysis and expense processing. Prepares fund financial statements, audit and tax schedules.

This role will focus on preparing quarterly and annual regulatory filings such as Form PF, Form CPO-PQR, AIFMD/Annex IV and Form 13F for hedge funds and private equity clients.

Main responsibilities are but not limited to:

• Ensuring that filings are completed accurately by reconciling complied source data with information entered onto vendor's platform

• Work collaboratively with Fund Accounting and Investor Services within USBank

• Assist in onboarding new clients and vendor's platform implementation

• Monitor, research, and interpret regulatory reporting requirements

Basic Qualifications

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

 Preferred Skills/Experience

• Experience with regulatory filings such as Form PF, Form CPO-PQR, AIFMD/Annex IV and Form 13F

• Bonus: Knowledge of new Form PF

• Experience with hedge funds and/or private equity funds

• Thorough knowledge in accounting

• 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

• Strong attention to details and analytical skills

• Proficient in Microsoft Office (especially ability to analyze/reconcile data with extensive use of excel)

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other 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.

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

U.S. Bank is an equal opportunity employer. We co