Allocations Associate Job

Can anyone take a look at this job description pretty quickly and sort of identify the type of role it is:

U.S. Bank's Alternative Investment Services Allocations department is responsible for the accurate calculation of client fund and investor level NAV (net asset value) on a daily, monthly or quarterly basis. In this role, the Investor Services – Allocations Team Member is responsible for maintaining the official books and records of the funds that we administer in accordance with their offering documents, including preparation of investor statements. This includes, but is not limited to, allocation of income/loss through various levels of the fund structure, the calculation of management, incentive or carried interest fees, and interpretation of legal documents which are then translated into Microsoft Excel formulas. Team members are also responsible for preparing capital call, distribution, and rebalancing computations in addition to the notices that are sent to investors. The team works closely with our operations and investor relations teams to prepare the final allocations for the client as well as liaise with the fund's auditors and financial reporting teams as applicable during the fund's fiscal year-end. The allocations team works on multiple relationships, servicing and supporting both hedge fund and private equity fund types. Additionally, in this position you are expected to have a basic understanding of the overall direction of USBFS' Alternative Investment ("AI") business, core services of AI, and ancillary products and services provided to the AI client base. Professional communication and a motivated, self-starter attitude is required for this position. This position uses Excel daily. Additional Responsibilities Include

I recently received the job offer for this role and according to management, It is sort of a bridge role into private equity and multiple alumni of the role went on to move into private equity roles. The starting salary is pretty solid at 75k a year in Arizona and I am considering accepting the role. Was just hoping that someone can shed some light on the role in terms of it translating into private equity. Based on what I got out of it, It sounded like a glorified fund administrator or fund accounting role.

Thanks

1 Comments
 

Dolores non neque ut reiciendis eaque qui quis. Suscipit nemo dolores aut rem amet voluptas. Aliquid ut beatae temporibus pariatur at dolor. Maxime et deleniti est et eaque. Sunt aut consequatur commodi est qui sint est. Sapiente veniam eligendi vero at aperiam eos sint sit.

Cum molestiae expedita voluptates dolorem sed nam quia iste. Illo unde sequi iure aut numquam. Laudantium quo possimus voluptas adipisci.

A ut ea rerum maxime voluptate. Et nam ducimus dolores. Assumenda quaerat dolor quae consequatur nesciunt.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”