Mutual Fund Administrator

Job Opportunity At U.S. Bank

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

Supports the day-to-day financial and compliance operations of mutual funds, exchange-traded funds (ETFs), closed-end funds, local government investment pools (LGIPs), and/or business development company clients. Serves as a primary point of contact for assigned fund clients and coordinates activities and communications among key fund service providers, including the investment advisor, custodian, transfer agent, fund accountant, attorneys, and auditors.

Key Responsibilities

• Manage daily operational and compliance activities for assigned funds, ensuring accuracy, timeliness, and adherence to regulatory requirements.
• Act as the main liaison for fund clients by coordinating communications and deliverables across internal teams and external service providers.
• Monitor and review fund budgets in alignment with contractual agreements, fee proposals, and expense trends.
• Assist in the preparation and/or review of financial statements for client shareholders, ensuring compliance with GAAP, SEC regulations, and other applicable reporting standards.
• Conduct or support portfolio compliance testing and reviews to ensure adherence to regulatory requirements and prospectus guidelines.

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

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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.

Pay Range: $60,435.00 - $71,100.00