Investor Allocations 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 U.S. Bank’s Alternative Investment (AI) Services Allocations department is responsible for the accurate calculation of client fund and investor level NAV (net asset value) on a daily, monthly or quarterly basis. In this role, the Investor Allocations Team Member is responsible for maintaining the official books and records of the funds that we administer in accordance with their offering documents, including preparation of investor statements. This includes, but is not limited to, allocation of income/loss through various levels of the fund structure, the calculation of management, incentive or carried interest fees, and interpretation of legal documents which are then translated into Microsoft Excel formulas. Team members are also responsible for preparing capital calls, distribution, and rebalancing computations in addition to the notices that are sent to investors. The team works closely with our operations and investor relations teams to prepare the final allocations for the client as well as liaise with the fund’s auditors and financial reporting teams as applicable during the fund’s fiscal year-end. The allocations team works on multiple relationships, servicing and supporting both hedge funds and private equity fund types. Additionally, in this position you are expected to have a basic understanding of the overall direction of USBFS’ Alternative Investment (“AI”) business, core services of AI, and ancillary products and services provided to the AI client base. Professional communication and a motivated, self-starter attitude required for this position. This position uses Excel daily. Additional Responsibilities Include Understanding the policies and procedures of the AI department Understanding the information flow through the various AI systems Knowledge of how to use various systems specific to the job function Ability to communicate information carefully in order to manage client relationships Active listening to obtain information and understand client needs Written correspondence that is clear, professional and grammatically correct Basic Qualifications Bachelor’s degree in Accounting, Finance or a business-related field Five or more years of experience in alternative investments industry Preferred Skills/Experience Capable of demonstrating detail-oriented acumen 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 products (with intermediate to expert Excel skills), PCS (Investran) and/or Cascade Location Expectations This role requires working from a U.S. Bank location three (3) or more days per week. 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 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. Compensation 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, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $104,550.00 - $123,000.00 Equal Opportunity and Other Disclosures 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. 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. U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts 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. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the 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. Posting Status Posting may be closed earlier due to high volume of applicants. #J-18808-Ljbffr