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Alternative Investment Product Operations Specialist

U.S. Bank National Association Saint Paul, MN

Saint Paul, MN

Today

$93k - $109k/yr Full time Alternative Investments Fund Operations Investment Operations

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Job Description

Join U.S. Bank National Association in Saint Paul, MN onsite as an Alternative Investment Product Operations Specialist. This role supports day-to-day operations for hedge funds and private equity products, partnering with internal teams, fund managers, and the field to ensure accuracy and timely execution. The position offers a competitive salary, a robust benefits package, and opportunities to help shape new workflows as products and operational needs evolve. Salary range: USD 92,820 - 109,200 per yearly.

Responsibilities

Oversee daily operational activities for alternative investments, including hedge funds and private equity, at both fund and client levels.
Review and process incoming requests and documentation related to alternative investment activity, ensuring accuracy, completeness, and timely follow-up.
Coordinate offering and subscription documentation based on client eligibility, tax status, and investment requirements, working with internal teams and fund managers to keep materials current.
Assist with valuations, reconciliations, and ongoing fund maintenance to support accurate reporting and account management.
Review open-end fund subscription agreements for completeness and submit finalized documentation to fund managers.
Prepare and distribute communications to internal partners and the field for recurring and ad hoc initiatives, and respond to basic inquiries as needed.
Collect, track, and maintain alternative investment documentation, including capital calls, distributions, statements, K-1s, and closing materials.
Maintain databases and reporting tools to support data integrity and operational reporting needs.
Participate in process improvement initiatives, including helping define and document workflows for new products or evolving operational processes.
Support strategic projects as the team transitions from manual processes to more automated and electronic solutions.
Complete special projects and additional responsibilities as assigned.

Requirements

Bachelor’s degree, or equivalent work experience
Typically six or more years of related experience

Technologies

Microsoft Office
Excel
Word
PowerPoint

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
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals

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.

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