Tax Analyst- Hedge Fund Administrator

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

The Fund Administration practice of U.S. Bank Global Fund Services (USGFS) provides value-added services to a robust and rapidly growing client base, which includes mutual funds, hedge funds, private equity funds, offshore funds and other investment companies.

In today’s complex, dynamic legal and regulatory environment, clients demand to be serviced by tax professionals who understand the industry, investments and client goals. USGFS tax professionals are trusted advisors to clients and accounting firms to develop and implement innovative tax planning solutions that optimize tax strategies and positions, as well as identify and mitigate risk.

The Tax Analyst works as part of a diverse team that supports our clients as well as being invested in your career growth. As an integral part of the team, you are responsible for providing value-added services to investment companies and investment advisors. As part of our duties as trusted advisors, our team members work collaboratively internally with in the firm, our clients, mid-sized, regional, and Big 4 accounting firms. Through our in-house internal training program and mentorship, you will be supported in your role as you progress in your career here.

Key Responsibilities:

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  Prepare alternative investment taxable income calculations, including book-to-tax differences, dividend analysis, allocations to partners and provisions.

  
  


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  Prepare IRS Forms 1099s, 1120, 1065 and Schedule K-1s along with any required state and local tax forms. Coordinate the distribution of necessary tax forms and supporting schedules to investors/partners.

  
  


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  Research tax technical and Financial Reporting guidance and requirements.

  
  


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  Research and prepare foreign withholding tax refund requests.

  
  


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  Set-up new partnerships and partners in the tax return preparation software.

  
  


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  Calculate monthly, quarterly, semi-annual and / or annual federal, and if applicable, state estimated tax payments.

  
  


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  Prepare estimates on a quarterly, semi-annual or yearly basis as requested by clients.

  
  


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  Prepare FATCA/CRS informational returns and research requirements.

  
  

Qualifications:

Preferred Skills/Experience

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  Bachelor’s degree required. Accounting or Finance degree preferred.

  
  


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  General understanding of legal, regulatory and accounting principles in investment management industry a plus.

  
  


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  Flexibility with work hours as required in supporting the clients’ needs.

  
  


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  Demonstrates ethics and integrity, adhering to USGFS’ core values and holds others accountable for upholding ethics and values.

  
  


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  Is a team-oriented professional, interacting collaboratively with team members and others throughout the organization.

  
  


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  Shows initiative, including eagerness to work on projects, with the ability to communicate with all people at all levels.

  
  


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  Produces high-quality work that is accurate and thorough, with attention to detail.

  
  


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  Demonstrates effective work habits and strong organizational skills by prioritizing and planning, with the ability to handle multiple tasks simultaneously and adapt to changing client priorities and regulatory requirements.

  
  


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  Shows a commitment to learning through professional development and growth, continually expanding their knowledge base and expertise in their practice area.

  
  


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  Strong working knowledge of Microsoft Excel

  
  

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

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 (https://careers.usbank.com/global/en/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 (some may vary based on role, location or hours):

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  Healthcare (medical, dental, vision)

  
  


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  Basic term and optional term life insurance

  
  


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  Short-term and long-term disability

  
  


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  Pregnancy disability and parental leave

  
  


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  401(k) and employer-funded retirement plan

  
  


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  Paid vacation (from two to five weeks depending on salary grade and tenure)

  
  


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  Up to 11 paid holiday opportunities

  
  


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  Adoption assistance

  
  


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  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 is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.

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. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .

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: $58,650.00 - $69,000.00 - $75,900.00

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.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

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.