Mutual Fund Accounting Operations Specialist (Corporate Actions)

U.S. Bank; Chicago (IL); Sur place; USD 60 000 - 71 000; Plein temps

Avantages offerts par ce poste

Healthcare

Life insurance

Disability

Parental leave

401(k)

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Résumé du poste

U.S. Bank in Chicago is seeking a Mutual Fund Accounting Operations Specialist to analyze and process corporate actions for mutual funds and ETFs. You will validate events, ensure accurate accounting treatment, and support risk management.

The role collaborates with portfolio managers, custodians, pricing vendors, and internal teams, maintaining controls and documentation while identifying process improvements and training opportunities.

Qualifications

• Bachelor's degree in accounting or finance, or equivalent work experience.
• One to two years of accounting or finance experience.
• Experience in fund accounting, custody operations, securities operations, or corporate actions.

Responsabilités

• Research, interpret, and process all mandatory and voluntary corporate action events affecting mutual funds and ETFs.
• Analyze announcements and supporting documentation to determine the appropriate accounting and operational treatment.
• Validate event details received from custodians, market vendors, issuers, and other external sources.
• Ensure timely and accurate processing of corporate actions within fund accounting systems.
• Investigate and resolve breaks, discrepancies, and exceptions related to corporate action activity.
• Assess portfolio impacts and communicate event details and operational implications to stakeholders.
• Partner with internal and external parties to resolve complex corporate action issues and inquiries.
• Maintain strong controls and documentation to support audit, compliance, and risk management requirements.
• Identify opportunities to improve processes, increase efficiency, and reduce operational risk.
• Support training efforts and contribute corporate action expertise to the broader organization.

Connaissances

Fund accounting knowledge

Analytical thinking

Excel proficiency

Communication skills

Problem solving

Formation

Bachelor's degree in accounting or finance

Outils

Excel

Copilot

Reconciliation software

Description du poste

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

The Mutual Fund Accounting Operations Specialist is responsible for the research, interpretation, validation, and application of corporate action events impacting registered mutual funds and exchange-traded funds (ETFs). This role serves as a subject matter expert for corporate actions, ensuring all voluntary and mandatory events are accurately analyzed, processed, and reflected within fund accounting systems in accordance with established procedures, regulatory requirements, and client expectations.

The specialist performs comprehensive reviews of corporate action announcements from multiple sources, evaluates the impact of events on fund portfolios, and applies the appropriate accounting treatment. Responsibilities include processing events such as cash dividends, mergers, acquisitions, tender offers, rights offerings, spin-offs, stock splits, reverse splits, return of capital distributions, capital gains distributions, name changes, symbol changes, and other complex security reorganizations.

This position requires strong analytical and problem-solving skills to research discrepancies, resolve exceptions, mitigate operational risk, and ensure timely and accurate processing. The specialist collaborates with portfolio managers, custodians, pricing vendors, fund accounting teams, and other business partners to investigate issues, communicate event impacts, and drive resolution of complex corporate action scenarios.

The role is also responsible for maintaining procedural documentation, identifying process improvement opportunities, supporting audit and control requirements, and contributing to a high-quality operational environment that supports the growth and evolving needs of registered mutual fund and ETF products.

Basic Qualifications

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

Key Responsibilities

• Research, interpret, and process all mandatory and voluntary corporate action events affecting mutual funds and ETFs.
• Analyze announcements and supporting documentation to determine the appropriate accounting and operational treatment.
• Validate event details received from custodians, market vendors, issuers, and other external sources.
• Ensure timely and accurate processing of corporate actions within fund accounting systems.
• Investigate and resolve breaks, discrepancies, and exceptions related to corporate action activity.
• Assess portfolio impacts and communicate event details and operational implications to stakeholders.
• Partner with internal and external parties to resolve complex corporate action issues and inquiries.
• Maintain strong controls and documentation to support audit, compliance, and risk management requirements.
• Identify opportunities to improve processes, increase efficiency, and reduce operational risk.
• Support training efforts and contribute corporate action expertise to the broader organization.

Ideal Candidate Qualifications

• Experience in fund accounting, custody operations, securities operations, or corporate actions.
• Strong understanding of registered mutual funds, ETFs, and financial instruments.
• Knowledge of mandatory and voluntary corporate action event types and associated accounting impacts.
• Strong proficiency in Microsoft Office applications, particularly Excel, including data analysis, reconciliation, and reporting functions. Experience utilizing Microsoft Copilot and other technology solutions to improve research capabilities, operational effectiveness, and process efficiency is preferred.
• Demonstrated analytical, research, and problem-solving skills.
• Ability to manage multiple priorities in a deadline-driven environment.
• Strong communication and collaboration skills.
• High attention to detail and commitment to operational excellence.

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.

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: $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.