Closed-End Fund Administration Lead

Us Bank; Boston (MA); On-site; USD 98,000 - 116,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement

Paid vacation

Up to 11 paid holidays

Adoption assistance

Sick and Safe Leave

Job summary

U.S. Bank is seeking a Fund Administration Supervisor to lead day-to-day compliance operations for closed‑end funds and BDC clients. You will oversee regulatory filings, financial statements, and client communications while guiding a team through complex regulatory frameworks.

The role requires a Bachelor’s in accounting/finance and CPA status, with 8+ years in fund administration. You will interact with service providers and assist in process improvements and growth initiatives.

Qualifications

• Bachelor's degree in accounting, finance, or related field.
• CPA certification or candidate status.
• Eight or more years of mutual fund administration experience.

Responsibilities

• Leading a team responsible for fund compliance programs, regulatory filings, and financial statement preparation
• Serve as the primary client contact for regulatory and operational matters
• Coordinate fund operations and communications with service providers, including investment advisors, custodians, transfer agents, fund accountants, attorneys, and auditors
• Oversee preparation and review of financial statements, shareholder reports, and required SEC filings
• Review fund and client account activity to identify potential issues and recommend corrective actions
• Manage fund expenses and provide reporting and materials for Boards of Directors
• Oversee independent and regulatory audits and work directly with external auditors
• Provide training and technical guidance to staff regarding regulatory and procedural changes
• Evaluate existing procedures and implement process improvements to enhance efficiency and compliance
• Support business growth initiatives, including participation in new client or product activities

Skills

Regulatory knowledge

Leadership

Client communication

Attention to detail

Project management

Education

Bachelor's degree in accounting, finance or related field

CPA certification or candidate

Tools

Microsoft Office

SEC filings systems

Job description

U.S. Bank is seeking a Fund Administration Supervisor to lead day-to-day compliance operations for closed‑end funds and BDC clients. You will oversee regulatory filings, financial statements, and client communications while guiding a team through complex regulatory frameworks.

The role requires a Bachelor’s in accounting/finance and CPA status, with 8+ years in fund administration. You will interact with service providers and assist in process improvements and growth initiatives.