Mutual Fund Corporate Actions Specialist

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

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement

Paid vacation

Job summary

U.S. Bank seeks a Mutual Fund Accounting Operations Specialist to research, interpret, validate, and apply corporate actions impacting registered mutual funds and ETFs.

You will analyze announcements, determine proper accounting treatment, and ensure timely processing within fund accounting systems. The role requires strong analytical skills and collaboration with portfolio managers, custodians, and vendors to resolve complex corporate action scenarios, while maintaining audit-ready

Qualifications

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

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.

Job description

U.S. Bank seeks a Mutual Fund Accounting Operations Specialist to research, interpret, validate, and apply corporate actions impacting registered mutual funds and ETFs.

You will analyze announcements, determine proper accounting treatment, and ensure timely processing within fund accounting systems. The role requires strong analytical skills and collaboration with portfolio managers, custodians, and vendors to resolve complex corporate action scenarios, while maintaining audit-ready