US Bank Investor Services Associate Job Id 2024-0019322 

United States, New Jersey 

646782379

Job Description

The Investor Services department is responsible for the accurate processing and maintenance of investor registers and documentation for the funds we administer. Associates are responsible for ensuring that existing and prospective investors meet eligibility, compliance and anti-money laundering (“AML”) guidelines when processing investor-related transactions, including subscriptions, redemptions, transfers and re-registrations, as well as the generation and distribution of confirmations. Associates are also responsible for reconciling trade information against clients’ expected transactions and monies received from investors. Additional responsibilities include written and oral correspondence with the fund and investors regarding AML documentation and transactions. The Investor Services department works closely with the legal/compliance team as needed. Associates are also a resource for client and investor inquiries regarding their transactions and documentation outside of the trade processing cycle. Associates 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. Associates are also responsible for monthly investor services data in SOC 1 checklists for applicable funds.

General Investor Services
Addressing investor inquires/requests such as;
i. Ensuring all investor queries and requests are received from authorized individuals
ii. Responding to investor/client queries promptly
iii. Requests for investors statements
iv. Request/updates for transaction activities,
v. Fund related performance requests
vi. Facilitating the completion of investor audit requests

Capital Activity
i. Processing of subscription, redemption, and transfers, working with internal/external groups to resolve any discrepancies
ii. Coordinate the collection of fully executed documents with investors
iii. Collect and review all appropriate Tax/Fatca documentation from investors
iv. Collect and review all appropriate AML/KYC documentation from investors

i. Distribution of Investor reports;
a. Investor Statements
b. Contract Notes
c. Capital Call Notices
d. Distribution Notices
ii. Distribution of Client Reports
a. Capital Activity Reports
b. Audited/Unaudited Financial Statements
c. Investor Letters
d. Schedule K-1’s

i. Review of incoming subscription funding from investors
ii. Prepare wire transfers to prime brokers, investors

Additional responsibilities include:
o Understanding the policies and procedures of the AI department
o Understanding the information flow through the various AI systems
o Knowledge of how to use the various systems specific to the job function
o Ability to communicate information carefully in order to manage client relationships
o Active listening to obtain information and understand client needs
o Written correspondence that is clear, professional and grammatically correct

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:
- Strong attention to detail required
- Effective verbal and written communication skills
- Ability to manage multiple tasks/projects simultaneously while meeting deadlines
- Ability to perform research and analysis
- Strong knowledge of Microsoft Office – Word, Excel, Outlook

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

EEO is the Law

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 .

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: $78,965.00 - $92,900.00 - $102,190.00

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.

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.