Fund Administration Operations Analyst

U.S. Bank; Milwaukee (WI); On-site; USD 76,000 - 89,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) retirement plan

Paid vacation

Paid holidays

Job summary

U.S. Bank Global Fund Services is seeking a Fund Administration Operations Analyst to support our Fund Administration team. You will monitor fund budgets, prepare financial statements, and contribute to regulatory reporting and board materials.

The role requires a Bachelor's degree in accounting or finance and 2–5 years of related experience, strong Excel skills, and knowledge of ETFs and regulatory standards. This is a full-time position based in multiple U.S.

Qualifications

• Bachelor's degree in accounting or finance or equivalent work experience.
• 2–5 years of related work experience.
• Knowledge of ETFs, mutual funds and investments.
• Understanding of legal, regulatory and accounting principles.
• Ethics and compliance awareness.
• Organized with attention to detail; can manage multiple tasks and deadlines.

Responsibilities

• Monitor a fund budget based on contracts and expense trends.
• Prepare and review ETF and fund board meeting materials for virtual or in-person meetings.
• Prepare financial statements for ETF and funds for clients and the SEC with GAAP compliance.
• Test portfolio compliance with the Investment Company Act and guidelines.
• Lead the financial reporting filing requirements for fund clients.
• Coordinate ad-hoc projects including fund launches, M&A activity and liquidations.

Skills

ETF knowledge

Financial analysis

Regulatory knowledge

Attention to detail

Communication skills

Excel

Education

Bachelor's degree in accounting or finance

Tools

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

Your journey starts now.

U.S. Bank Global Fund Services is seeking a future team member for the role of Fund Administration Operations Analyst to support our Fund Administration team.

As a Fund Administration Operations Analyst, you will be assigned to a servicing team who helps support the day-to-day financial and compliance operations of an exchange-traded fund (“ETF”), mutual fund, closed end fund and/or business development company client. In Fund Administration, we value clients first and employees always. We take pride in doing the right thing each and every day in a fun, challenging and fulfilling environment. Our leadership and team mentors are committed to you, and we will provide you with an array of resources and teaching methodologies to help your continued succession as a financial professional and leader.

You will spend key time:

• Monitoring and reviewing a fund budget based on contractual agreements, fee proposals and expense activity trends.
• Helping prepare and review ETF and other fund client board of directors meeting materials. This may involve attendance of virtual meetings and presentation of materials.
• Helping prepare and review financial statements (e.g., statement of assets and liabilities, schedule of investments, statement of operations, statement of changes in net assets, statement of cash flows and accompanying financial footnotes) for ETF and other fund client shareholders and the SEC in order to comply with GAAP and regulatory reporting requirements. This process involves being a liaison between internal departments, external legal counsel, fund auditors and our clients.
• Testing and reviewing portfolio compliance to ensure ETF and other fund adherence to the Investment Company Act of 1940, stated prospectus limitations and internal revenue code guidelines.
• Leading the financial reporting filing requirements for an ETF or other fund client’s fiscal year.
• Developing knowledge to empower you to mentor teammates and communicate effectively with investment advisor clients.
• Assisting senior-level Fund Administrators in the coordination of ad-hoc projects which can include ETF, trust and other fund launches, ETF and other fund M&A activity and ETF and other fund liquidations.

Schedule:

Monday through Friday 8:00 am to 5:00 pm (CT)

Location:

3 or more days in office in Glendale, CA, or Milwaukee, WI or Oshkosh, WI locations

Basic Qualifications

• Bachelor's degree in accounting or finance, or equivalent work experience
• Two to five years of related work experience

Preferred Skills/Experience

• Knowledge of ETFs, mutual funds, other investments and security types
• Understanding of legal, regulatory and accounting principles
• Acknowledgement of ethics and compliance
• Organized an attentive to detail
• Ability to manage multiple tasks, projects and deadlines simultaneously
• Effective verbal and written communication skills
• Proficient computer navigation skills
• Intermediate to expert Microsoft Excel ability
• Willingness to learn new and sometimes complex concepts

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:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• 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.

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. 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: $75,905.00 - $89,300.00

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.

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