Alternative Investments Product Operations Analyst - Minneapolis, MN

Alternative Investments Product Operations AnalystThe Alternative Investment Product team supports the operational lifecycle of alternative investment products, including hedge funds and private equity investments. The team manages complex operational activities across both fund-level and client-level processes, while continuing to evolve toward more efficient, scalable, and technology-enabled solutions. As an Alternative Investments Product Operations Analyst, you will support the day-to-day operations of alternative investments and partner closely with internal teams, fund managers, and the field to ensure accuracy, consistency, and timely execution. You will also contribute to process improvement initiatives and support the development of new workflows as products and operational needs evolve. Key Responsibilities Support operational activities for alternative investments, including hedge funds and private equity products, at both the fund and client level. Review, process, and manage 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, partnering with internal teams and fund managers to maintain current materials. Assist with valuations, reconciliations, and ongoing fund maintenance activities 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 continues transitioning from manual processes to more automated and electronic solutions. Complete special projects and additional responsibilities as assigned. Basic Qualifications Bachelor's degree, or equivalent work experience Typically six or more years of related experience Preferred Skills/Experience Proficiency in Microsoft Office, with advanced Excel skills and working knowledge of Word and PowerPoint Strong written and verbal communication skills Excellent organizational skills with strong attention to detail and follow-through Ability to reconcile data, identify discrepancies, and maintain accurate records Ability to manage multiple priorities, meet deadlines, and take direction from multiple stakeholders Self-motivated and eager to learn, with an interest in complex investment products and continuous process improvement Experience supporting broker/dealer products or financial services operations, including reconciliation or risk management activities, preferred 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: 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 (from two to five weeks depending on salary grade and tenure) Up to 11 paid holiday opportunities Adoption assistance Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.