Fund Accounting Manager

U.S. Bank; Tempe (AZ); On-site; USD 98,000 - 116,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement

Paid vacation

11 paid holidays

Adoption assistance

Disability leave

Adoption assistance

Sick leave

Job summary

U.S. Bank Global Fund Services seeks a Fund Accounting Manager to lead a team of accountants and specialists responsible for accurate processing, GL maintenance, and reporting of mutual funds.

You will train staff, manage workload, and support budget and forecasts while addressing accounting issues and project work. Responsibilities include NAV calculation, reconciliations, and coordination with administrators and custodians to ensure GAAP and SEC compliance.

Qualifications

• Five or more years of accounting or finance experience.
• Thorough knowledge of accounting/bookkeeping principles and controls.
• Proficiency with MS Excel and ability to learn new systems.

Responsibilities

• Maintain general ledger and mutual fund records, and calculate end-of-day NAV.
• Perform daily GL accounting, cash reconciliations, and pricing analyses.
• Collaborate with administrators, transfer agents, and prime brokers to ensure SEC/GAAP compliance.

Skills

Accounting experience

GAAP knowledge

Excel proficiency

CPA preferred

SEC regulations

Management experience (preferred)

Education

Bachelor's degree in accounting or finance

Tools

MS 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

Take your skills to the next level. U.S. Bank Global Fund Services is seeking future team members for the role of Fund Accounting Manager. In this role you will manage a group of accountants, accounting specialists, and/or support staff responsible for the accurate and timely processing of transactions, general ledger maintenance and reporting, and administration of accounting controls. As an Accounting manager you will train, motivate, assign work, schedule work hours, check results, and assist with performance reviews for assigned staff. Assists with the preparation of the annual budget, monthly forecasts, and monthly variance analyses. Researches and resolves various accounting issues. Ensures questions from both internal and external customers are researched and resolved in a timely manner. Participates in department and company projects and may lead smaller projects.

Key responsibilities

• Working as part of a team responsible to maintain the general ledger and records of mutual funds of varying complexity and producing end of day net asset value calculation.
• Preparing daily general ledger accounting, prime broker/bank cash reconciliations, advisor/portfolio management processing, corporate action application, expense accrual/payment postings, daily net asset value and mill rate determinations, portfolio pricing analysis/validations, timely internal/external information distributions, portfolio reconciliations, etc.
• Partnering with various internal/external administrators, transfer agencies and prime brokers/custodian relationships collaborating on compliance, audit and financials, while ensuring all Fund Accounting functions are in compliance with SEC regulations and GAAP principles.

Basic Qualifications

• Bachelor's degree in accounting or finance (preferred) or related field, or equivalent work experience
• Five or more years of experience in accounting or finance activities

Preferred Skills/Experience

• Thorough knowledge of accounting/bookkeeping principles, theories, and controls
• Well-developed mathematical and analytical skills
• Ability to identify and resolve exceptions and to analyze and interpret data
• Ability to manage multiple tasks
• Basic knowledge of applicable financial laws, regulations and reporting requirements
• Proficiency with MS Excel and ability to pick up new systems
• CPA and management experience preferred

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.

Benefits

• 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.

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.

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

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.

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

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.