Fund Operations Analyst

U.S. Bank; Oshkosh (WI); Hybrid; USD 60,000 - 71,000; Full time

Benefits offered by this job

Healthcare benefits

401(k)

Paid vacation

Parental leave

Job summary

U.S. Bank is seeking a Fund Operations Analyst to support ETF and mutual fund financial reporting, compliance and board materials. You will help prepare statements, test portfolio compliance, and assist with regulatory reporting in a collaborative, growth-minded team.

This role emphasizes accuracy, multiple task management, and clear communication with senior leaders. Working at U.S. Bank from a location three days a week, you’ll gain exposure to GAAP, SEC reporting, and risk reduction

Qualifications

• Bachelor's degree in accounting or finance or equivalent work experience.
• 1–2 years of related work experience.
• Understanding of GAAP and regulatory reporting.

Responsibilities

• Prepare financial statements for ETF and fund client shareholders and the SEC to meet GAAP and regulatory requirements.
• Lead financial reporting filing requirements for ETF or fund clients' fiscal year.
• Test portfolio compliance with Investment Company Act and internal guidelines.
• Assist with regulatory reporting and data collection processes.
• Prepare ETF and fund board materials and supporting schedules.
• Monitor fund budgets based on contracts and expense trends.
• Prepare reconciliations and operational reports.
• Research and resolve operational discrepancies and exceptions.
• Maintain procedures and documentation; participate in efficiency initiatives.
• Mentor teammates and communicate with senior leaders; assist with ad-hoc projects.

Skills

ETFs knowledge

Regulatory knowledge

Attention to detail

Multi-tasking

Communication skills

Excel

Education

Bachelor's degree in accounting or finance

Tools

Microsoft 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

As a Fund 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 you succeed and grow as a financial professional and future leader.

As a Fund Operations Analyst, you will spend key time:

• Helping prepare 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.
• Leading the financial reporting filing requirements for an ETF or other fund client’s fiscal year.
• Testing portfolio compliance to ensure ETF and other fund adherence to the Investment Company Act of 1940, stated prospectus limitations and internal revenue code guidelines.
• Assist with regulatory reporting and data collection processes.
• Helping prepare and assist with ETF and other fund client board of directors meeting materials.
• Monitoring a fund budget based on contractual agreements, fee proposals and expense activity trends.
• Prepare and review operational reports, reconciliations, and supporting schedules.
• Research and resolve operational discrepancies and exceptions.
• Maintain operational procedures and supporting documentation.
• Participate in departmental initiatives focused on operational efficiency, automation, and risk reduction.
• Developing knowledge to empower you to mentor teammates and begin to communicate effectively with senior leaders.
• Assisting mid-level and senior-level Fund Administrators in the coordination of ad‑hoc projects.

Basic Qualifications

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

Preferred Skills/Experience

• General knowledge of ETFs, mutual funds, other investments and security types
• Basic understanding of legal, regulatory and accounting principles
• Acknowledgement of ethics and compliance
• Organized and attentive to detail
• Ability to manage multiple tasks, projects and deadlines simultaneously
• Effective verbal and written communication skills
• Proficient computer navigation skills
• Experience with Microsoft Excel
• Willingness to learn new and sometimes complex concepts

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.

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: $60,435.00 - $71,100.00

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.