Fund Administration Analyst

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

Your journey starts now.

U.S. Bank Global Fund Services is seeking a future team member for the role of Fund Administrator 1 and 2 to support our Fund Administration team.

As a Fund Administrator 1 , you will be assigned to a servicing team who helps support the day-to-day financial and compliance operations of an exchange-traded fund (“ETF”), mutual fund, closed end fund and/or business development company client. In Fund Administration, we value clients first and employees always. We take pride in doing the right thing each and every day in a fun, challenging and fulfilling environment. Our leadership and team mentors are committed to you and we will provide you with an array of resources and teaching methodologies to help you succeed and grow as a financial professional and future leader.

As a Fund Administrator, you will spend key time:

Monitoring a fund budget based on contractual agreements, fee proposals and expense activity trends.

Helping prepare and assist with ETF and other fund client board of directors meeting materials.

Helping prepare financial statements (e.g., statement of assets and liabilities, schedule of investments, statement of operations, statement of changes in net assets, statement of cash flows and accompanying financial footnotes) for ETF and other fund client shareholders and the SEC in order to comply with GAAP and regulatory reporting requirements. This process involves being the liaison between internal departments, external legal counsel, fund auditors and our clients.

Testing portfolio compliance to ensure ETF and other fund adherence to the Investment Company Act of 1940, stated prospectus limitations and internal revenue code guidelines.

Leading the financial reporting filing requirements for an ETF or other fund client’s fiscal year.

Developing knowledge to empower you to mentor teammates and begin to communicate effectively with investment advisor clients.

Assisting mid-level and senior-level Fund Administrators in the coordination of ad-hoc projects which can include ETF, trust and other fund launches, ETF and other fund M&A activity and ETF and other fund liquidations.

Schedule: Monday through Friday 8:00 am to 5:00 pm (CT)

Location: 3 or more days in Milwaukee, WI or Oshkosh, WI location

Basic Qualifications

Bachelor's degree in accounting or finance, or equivalent work experience

One to two years of related work experience

Preferred Skills/Experience

General knowledge of ETFs, mutual funds, other investments and security types

Basic understanding of legal, regulatory and accounting principles

Acknowledgement of ethics and compliance

Organized and attentive to detail

Ability to manage multiple tasks, projects and deadlines simultaneously

Effective verbal and written communication skills

Proficient computer navigation skills

Experience with Microsoft Excel

Willingness to learn new and sometimes complex concepts

As a Fund Administrator 2 , you will be assigned to a servicing team who helps support the day-to-day financial and compliance operations of an exchange-traded fund (“ETF”), mutual fund, closed end fund and/or business development company client. In Fund Administration, we value clients first and employees always. We take pride in doing the right thing each and every day in a fun, challenging and fulfilling environment. Our leadership and team mentors are committed to you, and we will provide you with an array of resources and teaching methodologies to help your continued succession as a financial professional and leader.

As a Fund Administrator 2, you will spend key time:

Monitoring and reviewing a fund budget based on contractual agreements, fee proposals and expense activity trends.

Helping prepare and review ETF and other fund client board of directors meeting materials. This may involve attendance of virtual meetings and presentation of materials.

Helping prepare and review financial statements (e.g., statement of assets and liabilities, schedule of investments, statement of operations, statement of changes in net assets, statement of cash flows and accompanying financial footnotes) for ETF and other fund client shareholders and the SEC in order to comply with GAAP and regulatory reporting requirements. This process involves being a liaison between internal departments, external legal counsel, fund auditors and our clients.

Testing and reviewing portfolio compliance to ensure ETF and other fund adherence to the Investment Company Act of 1940, stated prospectus limitations and internal revenue code guidelines.

Leading the financial reporting filing requirements for an ETF or other fund client’s fiscal year.

Developing knowledge to empower you to mentor teammates and communicate effectively with investment advisor clients.

Assisting senior-level Fund Administrators in the coordination of ad-hoc projects which can include ETF, trust and other fund launches, ETF and other fund M&A activity and ETF and other fund liquidations.

Schedule: Monday through Friday 8:00 am to 5:00 pm (CT)

Location: 3 or more days in Milwaukee, WI or Oshkosh, WI location

Basic Qualifications

• - Bachelor's degree in accounting or finance, or equivalent work experience
• - Two to five years of related work experience

Preferred Skills/Experience

Knowledge of ETFs, mutual funds, other investments and security types

Understanding of legal, regulatory and accounting principles

Acknowledgement of ethics and compliance

Organized an attentive to detail

Ability to manage multiple tasks, projects and deadlines simultaneously

Effective verbal and written communication skills

Proficient computer navigation skills

Intermediate to expert Microsoft Excel ability

Willingness to learn new and sometimes complex concepts

This position is not eligible for visa sponsorship.

This role requires working from a U.S. Bank location three (3) or more days per week.

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 .

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:

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

Review our full benefits available by employment status here .

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.

E-Verify

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