Fund Accounting Senior Associate

U.S. Bank National Association • Hackensack, NJ

3d • Onsite

About The Position

Alternative Investments Senior Associates work as part of a team responsible for providing accounting, administration and investor servicing for 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). Enters and reconciles all investor contributions and withdrawals in the partnership accounting system. Prepare or review work-papers, prepare call and distribution letters, calculate carried interest, and allocate profits and losses in accordance with Fund Governing Agreement. Prepare management fee calculations and supporting schedules. Prepare work paper files for accuracy and completeness, including capital activity, income and expense accruals and investment activity.

Requirements

• Bachelor's degree in Accounting, Finance or a business-related field, or equivalent work experience
• Five or more years of related experience, preferably in portfolio/partnership accounting, finance or portfolio management

Nice To Haves

• Thorough knowledge in accounting, reporting, and analysis
• 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

Responsibilities

• Calculate net asset value(s)
• Disseminate financial and performance information to the investment advisor and their investors
• Act as primary fund accountant on multiple relationships
• Ensure all fund accounting functions are in completed in accordance with Generally Accepted Accounting Principles (GAAP)
• Enter and reconcile all investor contributions and withdrawals in the partnership accounting system
• Prepare or review work-papers
• Prepare call and distribution letters
• Calculate carried interest
• Allocate profits and losses in accordance with Fund Governing Agreement
• Prepare management fee calculations and supporting schedules
• Prepare work paper files for accuracy and completeness, including capital activity, income and expense accruals and investment activity

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level