Hybrid Fund Accountant: NAV, GAAP & Compliance

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

Job summary

U.S. Bank in Milwaukee, WI, is hiring a Fund Accountant in a hybrid, full-time role. The position focuses on maintaining records for multiple funds, calculating end-of-day NAVs, and ensuring GAAP compliance while coordinating with administrators and prime brokers.

The role expects 1–2 years in accounting/finance, with strong Excel skills and a solid understanding of accounting, reporting, and analysis. Relocation is not specified.

Qualifications

• Bachelor’s degree in accounting or finance, or equivalent work experience.
• 1–2 years of accounting/finance experience.
• Strong knowledge of accounting, reporting, and analysis; ability to identify and resolve exceptions and analyze data.

Responsibilities

• Record Keeping: Maintain the general ledger and records of mutual funds, ETFs, local government investment pools, and closed-end funds.
• Valuation: Produce end-of-day net asset value calculations for funds of varying complexity.
• Daily Processing: Prepare daily general ledger accounting, prime broker/bank cash reconciliations, advisor/portfolio management processing, and expense accrual/payment postings.
• Financial Analysis: Apply corporate actions, determine daily net asset values and mill rates, and conduct portfolio pricing analysis/validations.
• Collaboration & Compliance: Partner with internal/external administrators, transfer agencies, and prime brokers/custodians on compliance, audit, and financials, ensuring all functions adhere to SEC regulations and GAAP principles.

Skills

Accounting knowledge

Data analysis

Microsoft Office

GAAP

SEC regulations

Education

Bachelor’s degree in accounting or finance

Job description

U.S. Bank in Milwaukee, WI, is hiring a Fund Accountant in a hybrid, full-time role. The position focuses on maintaining records for multiple funds, calculating end-of-day NAVs, and ensuring GAAP compliance while coordinating with administrators and prime brokers.

The role expects 1–2 years in accounting/finance, with strong Excel skills and a solid understanding of accounting, reporting, and analysis. Relocation is not specified.