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
Supervises a team of administrators who are responsible for providing accounting, administration and investor servicing to investment companies and advisers. Serves as trusted advisor to clients by continually assessing changing business and strategies, as well as providing expertise, tools and information to focus on growing investments. Acts as the escalation point for all clients assigned to the team and directs issue resolution and process changes to support client needs. Proactively identifies risk-related issues through review of qualitative and quantitative data, anticipates obstacles and then implements mitigating solutions. Reviews the accounting and financial statement information provided for audit and tax reviews, documentation and set-up of the accounting principles for unusual investment types, and set-up/processing of complex expense and incentive fee calculations and reconciliation items.
Key responsibilities include:
· Trade capture into middle office operations platform
- Confirmation of trades with third parties (executing brokers, custodians, prime brokers, Repo/TBA/ISDA counterparties)
- Ensuring accurate and timely trade settlements
· Reconciliation of trades, investment positions and cash balances to external third parties (banks, prime brokers, counterparties)
· Resolution of trade breaks
· Knowledge of client portfolios related to daily margin calls
· Facilitate payments related to client trade settlements, margin and all deal fundings
· Corporate actions monitoring and processing with emphasis on P&I entitlements
Location Expectations
This role requires working from a U.S. Bank location three (3) or more days per week.
Basic Qualifications
- Bachelor's degree in accounting, finance or related field, or equivalent experience
- Seven to nine years of experience in alternative investments industry, financial services middle office and/or operations
Preferred Skills/Experience
- Knowledge of Securities Settlements (heavy Fixed Income, Equities, Derivatives)
- Experience with cleared and bi-lateral derivates life cycle and confirmation processes
- Knowledge of Prime Broker/Custodian portals
- Knowledge in reconciliation, 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
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:
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…