About this opportunity
U.S. Bancorp lists this Fund Administration Analyst opportunity in milwaukee, Wisconsin. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Fund Administrator
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.
U.S. Bank Global Fund Services is seeking a future team member for the role of Fund Administrator 1 and 2 to support our Fund Administration team.
As a Fund Administrator 1, you will be assigned to a servicing team who helps support the day-to-day financial and compliance operations of an exchange-traded fund ("ETF"), mutual fund, closed end fund and/or business development company client. In Fund Administration, we value clients first and employees always. We take pride in doing the right thing each and every day in a fun, challenging and fulfilling environment. Our leadership and team mentors are committed to you and we will provide you with an array of resources and teaching methodologies to help you succeed and grow as a financial professional and future leader.
As a Fund Administrator, you will spend key time:
Monitoring a fund budget based on contractual agreements, fee proposals and expense activity trends.
Helping prepare and assist with ETF and other fund client board of directors meeting materials.
Helping prepare financial statements (e.g., statement of assets and liabilities, schedule of investments, statement of operations, statement of changes in net assets, statement of cash flows and accompanying financial footnotes) for ETF and other fund client shareholders and the SEC in order to comply with GAAP and regulatory reporting requirements. This process involves being the liaison between internal departments, external legal counsel, fund auditors and our clients.
Testing portfolio compliance to ensure ETF and other fund adherence to the Investment Company Act of 1940, stated prospectus limitations and internal revenue code guidelines.
Leading the financial reporting filing requirements for an ETF or other fund client's fiscal year.
Developing knowledge to empower you to mentor teammates and begin to communicate effectively with investment advisor clients.
Assisting mid-level and senior-level Fund Administrators in the coordination of ad-hoc projects which can include ETF, trust and other fund launches, ETF and other fund M&A activity and ETF and other fund liquidations.
Schedule: Monday through Friday 8:00 am to 5:00 pm (CT)
Location: 3 or more days in Milwaukee, WI or Oshkosh, WI location
Basic Qualifications:
Bachelor's degree in accounting or finance, or equivalent work experience
One to two years of related work experience
Preferred Skills/Experience:
General knowledge of ETFs, mutual funds, other investments and security types
Basic understanding of legal, regulatory and accounting principles
Acknowledgement of ethics and compliance
Organized and attentive to detail
Ability to manage multiple tasks, projects and deadlines simultaneously
Effective verbal and written communication skills
Proficient computer navigation skills
Experience with Microsoft Excel
Willingness to learn new and sometimes complex concepts
As a Fund Administrator 2, you will be assigned to a servicing team who helps support the day-to-day financial and compliance operations of an exchange-traded fund ("ETF"), mutual fund, closed end fund and/or business development company client. In Fund Administration, we value clients first and employees always. We take pride in doing the right thing each and every day in a fun, challenging and fulfilling environment. Our leadership and team mentors are committed to you, and we will provide you with an array of resources and teaching methodologies to help your continued succession as a financial professional and leader.
As a Fund Administrator 2, you will spend key time:
Monitoring and reviewing a fund budget based on contractual agreements, fee proposals and expense activity trends.
Helping prepare and review ETF and other fund client board of directors meeting materials. This may involve attendance of virtual meetings and presentation of materials.
Helping prepare and review financial statements (e.g., statement of assets and liabilities, schedule of investments, statement of operations, statement of changes in net assets, statement of cash flows and accompanying financial footnotes) for ETF and other fund client shareholders and the SEC in order to comply with GAAP and regulatory reporting requirements. This process involves being a liaison between internal departments, external legal counsel, fund auditors and our clients.
Testing and reviewing portfolio compliance to ensure ETF and other fund adherence to the Investment Company Act of 1940, stated prospectus limitations and internal revenue code guidelines.
Leading the financial reporting filing requirements for an ETF or other fund client's fiscal year.
Developing knowledge to empower you to mentor teammates and communicate effectively with investment advisor clients.
Assisting senior-level Fund Administrators in the coordination of ad-hoc projects which can include ETF, trust and other fund launches, ETF and other fund M&A activity and ETF and other fund liquidations.
Schedule: Monday through Friday 8:00 am to 5:00 pm (CT)
Location: 3 or more days in Milwaukee, WI or Oshkosh, WI location
Basic Qualifications:
Bachelor's degree in accounting or finance, or equivalent work experience. Two to five years of related work experience.
Preferred Skills/Experience:
Knowledge of ETFs, mutual funds, other investments and security types
Understanding of legal, regulatory and accounting principles
Acknowledgement of ethics and compliance
Organized an attentive to detail
Ability to manage multiple tasks, projects and deadlines simultaneously
Effective verbal and written communication skills
Proficient computer navigation skills
Intermediate to expert Microsoft Excel ability
Willingness to learn new and sometimes complex concepts
This position is not eligible for visa sponsorship.
This role requires working from a U.S. Bank location three (3) or more days per week.
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
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.
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
Worksite address
milwaukee, WI, 53244, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.