Mutual Fund Corporate Actions Expert

U.S. Bank; Chicago (IL); On-site; USD 60,000 - 71,000; Full time

Job summary

U.S. Bank is seeking a Mutual Fund Accounting Operations Specialist to expertly research, interpret, and process corporate action events impacting mutual funds and ETFs.

You will validate details from custodians and vendors, ensure timely processing, and support audit and risk management with solid controls. The ideal candidate has a background in fund accounting or related operations, strong analytical skills, and proficiency in Excel.

Qualifications

• Bachelor's degree in accounting or finance or equivalent work experience.
• 1–2 years of accounting or finance experience.
• Experience in fund accounting, custody operations, securities operations, or corporate actions.

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.

Skills

Analytical thinking

Fund accounting experience

Corporate actions knowledge

Education

Bachelor's degree in accounting or finance

Tools

Excel

Copilot usage

Job description

U.S. Bank is seeking a Mutual Fund Accounting Operations Specialist to expertly research, interpret, and process corporate action events impacting mutual funds and ETFs.

You will validate details from custodians and vendors, ensure timely processing, and support audit and risk management with solid controls. The ideal candidate has a background in fund accounting or related operations, strong analytical skills, and proficiency in Excel.