Fund Accountant

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.

We actively uphold transparent and fair hiring practices that support individual opportunity, inclusive culture, and career mobility across all levels of our organisation.

We offer meaningful opportunities for growth, a culture of inclusion, and a strong commitment to transparency and integrity in everything we do.

Job Description

A Fund Accountant is responsible for supporting the day-to-day accounting and financial reporting of investment funds (e.g., hedge funds, private equity, mutual funds). The role focuses on maintaining accurate financial records, assisting in Net Asset Value (NAV) calculations, and ensuring compliance with accounting standards and regulatory requirements.

Key accountabilities:

• Calculation of Net Asset Value (NAV) on a daily, weekly, or monthly basis

• Record fund transactions (trades, income, expenses, fees) into the accounting system

• Maintain and update general ledger accounts

• Perform cash and position reconciliations with custodians/brokers

• Investigate and resolve discrepancies (“breaks”) in fund records

• Assist with internal controls and ensure accuracy of financial data

• Process subscriptions, redemptions, and investor capital activity

Skills & experience required:

• Strong attention to detail and accuracy

• Good understanding of accounting principles (IFRS/GAAP)

• Analytical and problem-solving skills

• Strong Excel skills (data analysis, reconciliations)

• Ability to work to tight deadlines (e.g. NAV cycles, month-end)

• Good communication and teamwork skills

Additional information

• 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.

 

This position is not eligible for visa sponsorship.

Accessibility

We are committed to providing an inclusive and accessible recruitment experience. If you need adjustments at any stage of the application or hiring process, please contact your recruiter for guidance and support.

Total Rewards

U.S. Bank is committed to fair, equitable, and transparent compensation practices in line with local regulatory and legal requirements. Our total rewards approach is designed to attract, retain, and support top talent while ensuring equal pay for work of equal value.

We offer a market-competitive compensation package that includes:

• Clearly defined salary ranges aligned with industry benchmarks and internal equity standards.

• Performance-based incentives for eligible employees (as defined by relevant plan rules), awarded through transparent, objective criteria that recognize both individual and company performance.

• Inclusive equitable benefits that are accessible to all employees and focused around our 3 main pillars of financial wellbeing, health & wellness).

• Continuous development opportunities including training, education support, and career progression pathways based on inclusive and transparent criteria.

• Employee recognition programs that celebrate achievements and milestones for all.

We regularly review our compensation and benefits to ensure they remain competitive, inclusive, and responsive to employee needs and market trends. Further details of the compensation package will be provided upon application.

We encourage candidates to explore the full value of our offer, including monetary and non-monetary benefits, at Employee benefits and development | U.S. Bank | Elavon.

Closing Date

Posting may be closed earlier due to high volume of applicants.

We aim to provide timely updates throughout the process and encourage early applications to ensure consideration.