Distribution and Expense Supervisor

Usbank; Oshkosh (WI); On-site; USD 98,000 - 116,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) retirement plan

Paid vacation

Paid holidays

Adoption assistance

Disability leave

Life insurance

Parental leave

Sick leave

Job summary

U.S. Bank is seeking a Distribution and Expense Servicing Supervisor to oversee the day-to-day treasury operations for ETF and mutual fund products. You will ensure accurate calculations, timely distributions and collaboration with fund administrators and custodians to drive efficient expense allocations.

The role emphasizes compliance, strong analytical skills and the ability to mentor colleagues while managing multiple projects under tight deadlines.

Qualifications

• Bachelor's degree in accounting, finance or related field is required.
• CPA certification or active candidacy preferred.
• Eight or more years of experience in Fund Administration or related field.

Responsibilities

• Review calculations, projected income and distribution estimates for clients.
• Monitor distribution process, including calculations, reconciliations and payments.
• Validate distribution rates, components and tax classifications.
• Collaborate with fund administrators, tax admins, fund accountants and custodians.
• Support daily ETF and mutual fund operations, vendor relations and expense allocation.
• Maintain organized records and ensure internal-control compliance.
• Work with internal teams and external service providers.
• Lead projects, mentor teammates and communicate with mid-level and senior fund administrators.

Skills

ETFs and mutual funds knowledge

Accounting principles

Ethics and compliance

Analytical and problem-solving

Attention to detail

Multitasking and deadlines

Effective communication

Excel proficiency

Problem solving and automation

Education

Bachelor's degree in accounting, finance or related field

CPA certified or candidate

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 Servicing Supervisor, you will be assigned to an operational servicing team who helps support the day-to-day treasury 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 Distribution and Expense Servicing Supervisor, you will spend key time:

• Reviewing calculations, projected income and capital gain distribution estimates for clients.

• Monitoring and reviewing the overall distribution process for clients, comprising accurate and timely calculations, reconciliations and payment of 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 overseeing invoice processing, 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.

• Helping lead the coordination of projects, mentor teammates, use problem-solving skills and communicate effectively with mid-level and senior-level Fund Administrators.

Basic Qualifications :

• Bachelor's degree in accounting, finance or related field

• CPA certified or candidate

• Eight or more years of experience in Fund Administration or related field, i.e., public accounting

Preferred Skills/Experience :

• Proven knowledge of ETFs, mutual funds, other investments and security types

• Keen 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

• 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 (https://careers.usbank.com/global/en/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 (https://careers.usbank.com/global/en/benefits/us) .

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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .

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: $98,175.00 - $115,500.00

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.