Fund Administration Manager

U.S. Bank; Milwaukee (WI); On-site; USD 127,000 - 149,000; Full time

Benefits offered by this job

Healthcare

Life insurance

Disability

Parental leave

401(k)

Job summary

U.S. Bank is seeking a Fund Compliance Manager to lead a team responsible for fund compliance programs, SEC filings, financial reportings, and Board reporting, ensuring timely responses for clients and regulators.

The role emphasizes leadership, regulatory excellence, and coordination of fund operations while maintaining adherence to state and federal requirements, with daily collaboration with clients and service providers.

Qualifications

• Bachelor's degree in accounting, finance or related field.
• CPA certification or candidate.
• 10+ years of experience in Mutual Fund Administration or related field, i.e., public accounting.
• Two or more years of supervisory/managerial experience.
• Strong knowledge of regulatory and accounting principles affecting mutual funds.
• Excellent verbal and written communication skills.

Responsibilities

• Oversee fund compliance programs and SEC regulatory filings.
• Manage fund expenses and reporting to Board of Directors.
• Serve as primary contact for fund clients and regulators.
• Coordinate fund operations and service provider activities while ensuring regulatory compliance.

Skills

Verbal and written communication

Leadership

Regulatory knowledge

Mutual Fund operations knowledge

Client relationship management

Education

Bachelor's degree in accounting, finance or related field

CPA certification or candidate

Tools

PC applications

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

Lead a team responsible for overseeing fund compliance programs, SEC regulatory filings, financial statement reporting, fund expense management, and Board of Directors reporting. Serve as the primary point of contact for fund clients and regulatory agencies, ensuring timely responses and strong client relationships. Coordinate fund operations and service provider activities while ensuring adherence to all state and federal regulatory requirements. This role combines leadership, client service, regulatory oversight, and operational management to support successful fund administration.

Leads a team of compliance administrators, who monitor compliance programs, complete all SEC regulatory and financial statement filings, manage all fund expenses, provide reporting to funds’ Board of Directors and ensure all activities meet the requirements of state and federal legal and regulatory agencies. Serves as the primary contact for correspondence with clients and regulatory agencies, responding to their requests. Responsible for primary contact with fund clients including coordination of activities and communication of fund operations and service providers.

Basic Qualifications

• Bachelor's degree in accounting, finance or related field
• CPA certified or candidate
• 10 or more years of experience in Mutual Fund Administration or related field, i.e., public accounting
• Two or more years of supervisory/managerial experience

Preferred Skills and Experience

• Considerable knowledge of operational issues involving Mutual Funds
• Expert knowledge and understanding of legal, regulatory and accounting principles which directly affect the mutual fund industry and their clients
• Ability to provide objective guidance to other supervisors within a team
• Excellent verbal and written communication skills
• Thorough knowledge of PC applications
• Proven leadership and supervisory skills

This role requires working from a U.S. Bank location three (3) or more days per week.

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.

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 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.

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.

Pay Range

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: $126,820.00 - $149,200.00

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

Company Culture

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.