Mutual Funds Administrator

US Bank; Milwaukee (WI); On-site; USD 60,000 - 71,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Term life insurance

Disability insurance

401(k) retirement plan

Paid vacation and holidays

Adoption assistance

Job summary

U.S. Bank is seeking a professional to support day-to-day financial and compliance operations for mutual funds, ETFs, and related clients.

You will coordinate with investment advisors, custodians, transfer agents, fund accountants, attorneys and auditors to monitor budgets, fees and expenses and prepare financial statements. The role requires a Bachelor's degree in accounting/finance and 1–2 years of experience, with strong MS Office skills and an understanding of SEC/GAAP requirements.

Qualifications

• Bachelor's degree in accounting or finance, or equivalent work experience.
• One to two years of related work experience.
• Knowledge of legal, regulatory and accounting principles affecting mutual funds.

Responsibilities

• Serve as primary contact for fund clients and coordinate communications with service providers.
• Monitor fund budgets, fees and expenses; prepare and review financial statements for shareholders; ensure regulatory reporting compliance.

Skills

Regulatory knowledge

Communication skills

Multitasking

Microsoft Office

Education

Bachelor's degree in accounting or finance

Tools

Microsoft Office

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

This role supports the day-to-day financial and compliance operations of mutual funds, exchange-traded funds (ETFs), closed-end funds, and business development company clients. The position serves as a primary contact for fund clients and coordinates activities and communications with investment advisors, custodians, transfer agents, fund accountants, attorneys, and auditors. Responsibilities may also include monitoring fund budgets, fees, and expenses, preparing and reviewing financial statements for shareholders, and reviewing portfolio compliance with SEC, GAAP, and other regulatory reporting requirements.

Supports the day-to-day financial and compliance operations of a mutual fund, exchange-traded fund, closed-end fund and/or business development company client. Responsible for primary contact with fund clients including coordination of activities and communications of fund operations and service providers such as investment advisor, custodian, transfer agent, fund accountant, attorneys and auditors. Duties may include monitoring and/or reviewing a fund budget based on contractual agreements, fee proposals and expense activity trends. Help prepare and/or review financial statements for client shareholders and test/review portfolio compliance with SEC, GAAP and regulatory reporting requirements.

Basic Qualifications

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

Preferred Skills/Experience

• Some knowledge and understanding of legal, regulatory and accounting principles which directly affect the mutual fund industry and their clients
• Ability to manage multiple tasks/projects and deadlines simultaneously
• Effective verbal and written communication skills
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

This role requires working from a U.S. Bank location three (3) or more days per week. The role is Monday through Friday from 7 am to 4 pm.

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.

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.

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 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.

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.