Fund Administration Lead - Compliance & Client Ops

U.S. Bank; Boston (MA); On-site; USD 112,000 - 131,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) plan

Paid vacation

Parental leave

Job summary

U.S. Bank in Boston is seeking a Fund Administration Supervisor 2 to lead day-to-day operations for ETF and mutual fund portfolios, ensuring compliance and accurate financial reporting.

You will manage teams, oversee client relationships, coordinate with service providers, and drive process improvements while mentoring staff.

The role offers exposure to a variety of funds, collaboration across departments, and opportunities for leadership within a dynamic financial services environment.

Qualifications

• Bachelor's degree in accounting, finance or related field.
• CPA certification or candidate.
• Nine or more years of experience in Mutual Fund Administration or related field.
• Experience leading, supervising and developing professional staff.
• Superior knowledge of legal, regulatory, and accounting principles affecting registered investment funds.
• Advanced understanding of the Investment Company Act of 1933.

Responsibilities

• Lead and manage teams responsible for fund compliance programs, regulatory filings, and financial statement preparation.
• Oversee client relationships at a high level and support the administration teams that service them.
• Proactively coordinate fund operations and communications with service providers, including investment advisors, custodians, transfer agents, fund accountants, attorneys, and auditors.
• Review fund and client account activity to identify potential issues and recommend corrective actions.
• Provide training and technical guidance to staff regarding regulatory and procedural changes.
• Evaluate existing procedures and implement process improvements to enhance efficiency and compliance.
• Provide objective guidance to other supervisors within a team.
• Participate in department level initiatives, committees and working groups.
• Execute strategies and drive change for the fund administration department and the entire business line.
• Support business growth initiatives, including participation in new client or product activities.

Education

Bachelor's degree in accounting, finance or related field

CPA certification or candidate

Leadership/supervisory experience

Regulatory and accounting principles knowledge

Excellent written and verbal communication

Proficiency with Microsoft Office

Job description

U.S. Bank in Boston is seeking a Fund Administration Supervisor 2 to lead day-to-day operations for ETF and mutual fund portfolios, ensuring compliance and accurate financial reporting.

You will manage teams, oversee client relationships, coordinate with service providers, and drive process improvements while mentoring staff.

The role offers exposure to a variety of funds, collaboration across departments, and opportunities for leadership within a dynamic financial services environment.