Fund Accounting Team Lead - NAV, GL & GAAP Expert

Usbank; Milwaukee (WI); Hybrid; USD 86,000 - 102,000; Full time

Job summary

U.S. Bank is seeking a Fund Accounting Supervisor for its Global Fund Services in Milwaukee. You will lead a team of accountants and support staff responsible for accurate processing of transactions, general ledger maintenance, and NAV calculations.

You will train, assign work, schedule hours, review performance, and ensure compliance with GAAP and SEC regulations while collaborating with administrators and prime brokers.

Qualifications

• Bachelor's degree in accounting or finance, or equivalent work experience.
• Five or more years of experience in accounting or finance activities.
• Advanced knowledge of accounting, reporting, and analysis.
• Ability to identify and resolve exceptions and to analyze data.
• Ability to manage multiple tasks.
• Proficient computer navigation skills using Microsoft Office applications, particularly Excel.

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.

Skills

Financial analysis

Attention to detail

Multitasking

Communication

Education

Bachelor's degree in accounting or finance

Tools

Excel

MS Office

Job description

U.S. Bank is seeking a Fund Accounting Supervisor for its Global Fund Services in Milwaukee. You will lead a team of accountants and support staff responsible for accurate processing of transactions, general ledger maintenance, and NAV calculations.

You will train, assign work, schedule hours, review performance, and ensure compliance with GAAP and SEC regulations while collaborating with administrators and prime brokers.