Alternative Investment Product Operations Specialist

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.