Entry-Level Mutual Fund Tax Accountant

US Bank; Milwaukee (WI); Hybrid; USD 60,000 - 71,000; Full time

Benefits offered by this job

Healthcare benefits

Life insurance

Disability insurance

Parental leave

401(k) plan

Job summary

U.S. Bank is seeking a financial operations analyst to oversee fund budgets, monitor expenses, and assist in preparing and reviewing shareholder financial statements.

You will work with regulatory and compliance requirements, including SEC/GAAP standards, and coordinate with clients, advisors, custodians, fund accountants, and auditors.

The role offers a hybrid schedule with in-office work 3+ days per week and flexibility for other days in the Milwaukee area.

Qualifications

• Bachelor's degree in accounting or finance, or equivalent work experience.
• 1–2 years of related work experience.
• Some knowledge of legal, regulatory and accounting principles affecting the mutual fund industry.

Responsibilities

• Oversee day-to-day financial and compliance operations of a mutual fund, ETF, closed-end fund and/or BDC client.
• Primary contact with fund clients and coordination with service providers (advisor, custodian, transfer agent, fund accountant, attorneys, auditors).
• Monitor and/or review a fund budget based on contracts, fee proposals and expense trends.
• Prepare and/or review financial statements for client shareholders and test/review portfolio compliance with SEC, GAAP and regulatory reporting requirements.

Skills

Regulatory and accounting principles

Multitasking and deadline management

Verbal and written communication

Education

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

Tools

Microsoft Office

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

You'll help oversee fund budgets, monitor expenses, and support the preparation and review of shareholder financial statements. This position also offers the opportunity to work closely with regulatory and compliance requirements, including SEC and GAAP standards, while contributing to the accuracy and integrity of portfolio compliance reporting. If you enjoy collaborating with clients, solving complex challenges, and making an impact in a fast-paced investment environment, we'd love to hear from you!

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
• One to two years of related work experience

Preferred Skills/Experience:

• Some knowledge and understanding of legal, regulatory and accounting principles which directly affect the mutual fund industry and their clients
• 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

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability 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 theE-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.