Closed-End Fund Senior Administrator

Us Bank; Oshkosh (WI); On-site; USD 86,000 - 102,000; Full time

Benefits offered by this job

Health insurance

Life insurance

Disability leave

Parental leave

401(k) plan

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Leave accruals

Job summary

U.S. Bank is seeking a Closed End Fund Administrator to support daily financial, operational and compliance activities for funds and related investment products. You will coordinate fund operations, financial reporting, audits and regulatory compliance as a key liaison among fund stakeholders and service providers.

The role emphasizes detail orientation in fund administration, accounting and client relationship management, with a path to growth within a large financial services organization.

Qualifications

• Bachelor's degree in accounting or finance or equivalent work experience.
• Eight or more years of related work experience.

Responsibilities

• Supports day-to-day financial and compliance operations of mutual fund, ETF, closed-end fund and/or BDC client.
• Primary contact with fund clients including coordination with investment advisors, custodians, transfer agents, fund accountants, attorneys and auditors.
• Duties may include monitoring fund budgets and expense activity based on agreements and fee proposals.
• Help prepare and/or review financial statements and test portfolio compliance with SEC/GAAP reporting requirements.

Skills

Fund compliance experience

Regulatory knowledge

Multi-tasking

Verbal and written communication

Microsoft Office proficiency

Education

Bachelor's degree in accounting or finance

Job description

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

Join our team as a Closed End Fund Administrator, where you will support the day-to-day financial, operational, and compliance activities of closed-end funds and other investment products. In this client-facing role, you will serve as a key liaison between fund stakeholders and service providers, coordinating fund operations, financial reporting, audits, and regulatory compliance. Responsibilities include monitoring fund budgets and expenses, reviewing financial statements, and ensuring adherence to SEC, GAAP, and other regulatory requirements. This is an excellent opportunity for a detail-oriented professional with strong fund administration, accounting, and client relationship management skills.

Job Description:

• Supports the day-to-day financial and compliance operations of a mutual fund, exchange-traded fund, closed-end fund and/or business development company client.
• Responsible for primary contact with fund clients including coordination of activities and communications of fund operations and service providers such as investment advisor, custodian, transfer agent, fund accountant, attorneys and auditors.
• Duties may include monitoring and/or reviewing a fund budget based on contractual agreements, fee proposals and expense activity trends.
• Help prepare and/or review financial statements for client shareholders and test/review portfolio compliance with SEC, GAAP and regulatory reporting requirements.

Basic Qualifications:

• Bachelor's degree in accounting or finance, or equivalent work experience
• Eight or more years of related work experience

Preferred Skills/Experience:

• Thorough knowledge and understanding of legal, regulatory and accounting principles which directly affect the mutual fund industry and their clients
• Experience in Mutual Fund Administration or related field, including two or more years of medium to large fund compliance experience
• Ability to manage multiple tasks/projects and deadlines simultaneously
• Effective verbal and written communication skills
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

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

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

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $86,360.00 - $101,600.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.