Career Opportunity Overview
Financial & Regulatory Reporting Associate at U.S. Bank in Milwaukee. This role is part of the company’s Investments, Asset Management & Insurance division and offers an excellent opportunity for candidates interested in investment accounting, hedge fund administration, and financial reporting.
Professionals entering this position will work closely with investment advisors, fund accountants, and financial operations teams to support accounting and regulatory reporting activities for alternative investment products. The role is ideal for recent graduates or early-career finance professionals who want to build long-term expertise in fund accounting and regulatory compliance.
Job Details
| Job Information | Details |
|---|---|
| Position | Financial & Regulatory Reporting Associate |
| Company | U.S. Bank |
| Category | Investments & Asset Management & Insurance |
| Job ID | 2026-0012593 |
| Location | Milwaukee, Wisconsin, USA |
| Posting Date | May 15, 2026 |
| Application Deadline | May 29, 2026 |
| Work Model | Hybrid – 3+ days onsite weekly |
| Salary Range | $60,435 – $71,100 per year |
About the Role
The Financial & Regulatory Reporting Associate supports accounting and investor servicing operations for alternative investment products such as hedge funds, private equity funds, and closed-end investment products.
Employees in this role help ensure accurate financial reporting while maintaining compliance with Generally Accepted Accounting Principles (GAAP). The position also involves working with portfolio accounting systems, investor transactions, expense analysis, and preparation of financial statements.
This opportunity provides exposure to complex financial instruments and investment operations, making it valuable for professionals pursuing careers in investment banking, fund accounting, asset management, or financial compliance.
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Key Responsibilities
Core Duties Include
- Preparing and maintaining fund accounting records
- Calculating net asset values (NAV)
- Recording portfolio trade activity
- Reconciling investor contributions and withdrawals
- Supporting hedge fund and private equity accounting operations
- Allocating profits to investors accurately
- Preparing investor statements and financial reports
- Assisting with audit and tax schedule preparation
- Coordinating fund expense reviews and processing
- Ensuring compliance with GAAP standards
Skills and Qualifications
Basic Qualifications
| Requirement | Details |
|---|---|
| Education | Associate degree in Accounting, Finance, or related business field |
| Experience | Less than 2 years of related experience |
| Alternative Qualification | Equivalent professional work experience may be accepted |
Preferred Qualifications
- Bachelor’s degree in Accounting or Finance
- Strong understanding of GAAP principles
- Excellent analytical and problem-solving skills
- Ability to manage multiple deadlines effectively
- Strong written and verbal communication abilities
- Experience with Microsoft Office applications
- Comfortable using accounting and financial software systems
Why This Role Matters
Financial reporting and regulatory compliance are essential functions within the banking and investment industry. Associates working in this field help maintain transparency, accuracy, and investor confidence.
At U.S. Bank, employees gain hands-on experience with sophisticated financial products while developing technical accounting knowledge and operational expertise.
This role can also serve as a stepping stone toward careers such as:
- Fund Accountant
- Financial Analyst
- Investment Operations Specialist
- Regulatory Reporting Analyst
- Portfolio Accountant
- Compliance Associate
Employee Benefits
U.S. Bank offers a comprehensive employee benefits package designed to support professional and personal well-being.
Benefits Include
| Benefit Category | Coverage |
|---|---|
| Healthcare | Medical, dental, and vision insurance |
| Financial Security | 401(k), retirement plan, life insurance |
| Leave Benefits | Paid vacation, parental leave, sick leave |
| Disability Coverage | Short-term and long-term disability |
| Family Support | Adoption assistance programs |
| Paid Holidays | Up to 11 paid holidays annually |
Benefits eligibility may vary depending on employment status and tenure.
Work Environment and Career Growth
The company follows a hybrid work structure, requiring employees to work from a U.S. Bank office location at least three days each week. This approach allows team members to collaborate directly while maintaining workplace flexibility.
Employees also gain access to professional development opportunities, mentorship, and internal career advancement programs across banking, investments, and asset management divisions.
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Equal Opportunity Employment
U.S. Bank is an equal opportunity employer and considers qualified applicants regardless of race, religion, gender, disability, veteran status, or other protected categories under applicable laws.
The company also participates in the E-Verify employment verification program in the United States.
Important Application Notes
- Background checks may be required based on banking industry regulations
- Applications may close early if a high number of submissions are received
- Hybrid work attendance requirements apply
- Compliance with company ethics and conduct policies is mandatory
Financial & Regulatory Reporting Associate at U.S. Bank – Apply Online
Final Thoughts
The Financial & Regulatory Reporting Associate position at U.S. Bank offers a strong entry point into the investment accounting and financial services industry. Candidates with accounting knowledge, analytical thinking, and attention to detail may find this role especially rewarding.
For professionals seeking experience in alternative investments, regulatory reporting, and fund accounting, this opportunity provides valuable exposure within a respected U.S. financial institution.
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