Fund Administrator

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 atall from Day One.

Job Description

As a Fund Administrator, 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 1, 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.

As a Fund Administrator 2, you will spend key time :

Basic Qualifications (for the Fund Administrator 1) - Bachelor's degree in accounting or finance, or equivalent work experience - One to two years of related work experience

Preferred Skills / Experience

The role offers a hybrid / flexible schedule, which means there's an in-office expectation of 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.

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours) :

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 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 about the E-Verify program.