Fund Administration Supervisor

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

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance

Disability (short-term & long-term)

Parental leave

401(k) and retirement plan

Paid vacation

Job summary

U.S. Bank seeks an experienced Fund Administration Supervisor 2 to lead day-to-day operations for ETF and mutual fund clients. You will manage teams, ensure regulatory filings, and oversee service-provider coordination to uphold accuracy and compliance.

You will mentor staff, implement process improvements, and support growth initiatives across the fund administration department in 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 (e.g., public accounting).

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.

Skills

Team leadership

Client relationships

Regulatory compliance

Financial analysis

Microsoft Office

Education

Bachelor's degree in accounting, finance or related field

CPA certification or candidate

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

As a Fund Administration Supervisor 2, you will lead and oversee the day-to-day financial and compliance operations for 33 Act exchange-traded fund(“ETF”), mutual fund, closed end fund and/or business development company clients. 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 you succeed and grow as a financial professional and future leader.

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

Basic Qualifications

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

Preferred Skills / Experience

• Demonstrated 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
• Strong organizational skills with the ability to manage complex, long‑term projects
• Excellent written and verbal communication skills with significant client interaction
• Proficiency with Microsoft Office and standard PC applications
• Superior commitment to ethics, compliance, and internal control standards

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.

Equal Opportunity Employer

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.

Salary

Pay Range: $111,605.00 - $131,300.00

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.

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.