Distribution and Expense Services Analyst

Us Bank; Boston (MA); On-site; USD 60,000 - 71,000; Full time

Benefits offered by this job

Healthcare

401(k)

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank’s Distribution and Expense Services (DES) Analyst will be assigned to an operational servicing team within Fund Administration, supporting the day-to-day distribution and expense operations of ETFs, mutual funds and closed-end funds.

In this role you will calculate and project income and capital gain distributions, reconcile and pay out dividends, validate tax classifications, collaborate with fund administrators and custodians, and help maintain records and internal controls while

Qualifications

• Bachelor's degree in accounting or finance, or equivalent work experience.
• 1-2 years of related work experience.

Responsibilities

• Calculate and project income and capital gain distribution estimates for clients.
• Accurately and timely calculating, reconciling and paying out dividends and capital gains for ETF and mutual fund products.
• Validate distribution rates, components, and tax classifications (e.g., ordinary income, qualified dividends, capital gains, return of capital) and review vendor reporting and income projections.
• Collaborating with fund administrators, tax administrators, fund accountants, transfer agents, custodians, index providers and exchanges.
• Support daily financial operations for ETF and mutual fund products by processing invoices, managing vendor relationships, and ensuring accurate allocation of fund expenses.
• Maintain organized records and ensure compliance with internal controls.
• Work closely with internal teams and external service providers.
• Developing knowledge to empower you to mentor teammates, use problem-solving skills and begin to communicate effectively with mid-level and senior-level Fund Administrators.

Skills

ETFs knowledge

Mutual funds knowledge

Investments understanding

Ethics and compliance

Analytical skills

Detail oriented

Time management

Excel skills

Microsoft Excel

Education

Bachelor's degree in accounting or finance

Tools

Microsoft Excel

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

As a Distribution and Expense Services (“DES”) Analyst, you will be assigned to an operational servicing team within the Fund Administration department who helps support the day-to-day distribution and expense operations of exchange-traded funds (“ETF”), mutual funds and/or closed end funds. 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 DES Analyst, you will spend key time:

• Calculating and projecting income and capital gain distribution estimates for clients.
• Accurately and timely calculating, reconciling and paying out dividends and capital gains for ETF and mutual fund products. Including preparing and processing dividend and capital gain distribution files.
• Validate distribution rates, components, and tax classifications (e.g., ordinary income, qualified dividends, capital gains, return of capital) and review vendor reporting and income projections.
• Collaborating with fund administrators, tax administrators, fund accountants, transfer agents, custodians, index providers and exchanges.
• Support daily financial operations for ETF and mutual fund products by processing invoices, managing vendor relationships, and ensuring accurate allocation of fund expenses.
• Maintain organized records and ensure compliance with internal controls.
• Work closely with internal teams and external service providers.
• Developing knowledge to empower you to mentor teammates, use problem-solving skills and begin to communicate effectively with mid-level and senior-level Fund Administrators.

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 accounting principles
• Acknowledgement of ethics and compliance
• Strong analytical and problem-solving skills
• Organized and attentive to detail
• Ability to manage multiple tasks, projects and deadlines simultaneously
• Ability to perform under tight deadlines
• Process-oriented mindset with interest in automation and workflow improvement
• Effective verbal and written communication skills
• Proficient computer navigation skills
• Experience with Microsoft Excel
• Willingness to learn new and sometimes complex concepts

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

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: $60,435.00 - $71,100.00

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.