Fund Accounting: Corporate Actions Specialist

U.S. Bank; Chicago (IL); On-site; USD 60,000 - 71,000; Full time

Benefits offered by this job

Healthcare

Life insurance

Disability

Parental leave

401(k)

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank in Chicago is seeking a Mutual Fund Accounting Operations Specialist to analyze and process corporate actions for mutual funds and ETFs. You will validate events, ensure accurate accounting treatment, and support risk management.

The role collaborates with portfolio managers, custodians, pricing vendors, and internal teams, maintaining controls and documentation while identifying process improvements and training opportunities.

Qualifications

• Bachelor's degree in accounting or finance, or equivalent work experience.
• One to two years of accounting or finance experience.
• Experience in fund accounting, custody operations, securities operations, or corporate actions.

Responsibilities

• Research, interpret, and process all mandatory and voluntary corporate action events affecting mutual funds and ETFs.
• Analyze announcements and supporting documentation to determine the appropriate accounting and operational treatment.
• Validate event details received from custodians, market vendors, issuers, and other external sources.
• Ensure timely and accurate processing of corporate actions within fund accounting systems.
• Investigate and resolve breaks, discrepancies, and exceptions related to corporate action activity.
• Assess portfolio impacts and communicate event details and operational implications to stakeholders.
• Partner with internal and external parties to resolve complex corporate action issues and inquiries.
• Maintain strong controls and documentation to support audit, compliance, and risk management requirements.
• Identify opportunities to improve processes, increase efficiency, and reduce operational risk.
• Support training efforts and contribute corporate action expertise to the broader organization.

Skills

Fund accounting knowledge

Analytical thinking

Excel proficiency

Communication skills

Problem solving

Education

Bachelor's degree in accounting or finance

Tools

Excel

Copilot

Reconciliation software

Job description

U.S. Bank in Chicago is seeking a Mutual Fund Accounting Operations Specialist to analyze and process corporate actions for mutual funds and ETFs. You will validate events, ensure accurate accounting treatment, and support risk management.

The role collaborates with portfolio managers, custodians, pricing vendors, and internal teams, maintaining controls and documentation while identifying process improvements and training opportunities.