Registered Fund Accounting - Reconciliation Specialist

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 Reconciliation Specialist to support our Fund Accounting team.

The Reconciliation Specialist will perform daily reconciliations of fund-level cash, positions, to ensure accuracy and completeness of records within the fund accounting system.

They will identify differences, investigate root causes, process appropriate entriesor corrections, andretainsupport todemonstratethat issues were resolved accurately andtimely.

The role partners closely with reviewers, Fund Accounting teams, and audit partners by providing clear documentation, explanations, and archived supportin accordance with internal control standards and audit expectations.

• Prepare and complete daily cash, position, and portfolio transaction reconciliations for assigned funds.
• Identify reconciling differences and perform research todetermineroot cause.
• Process required transactions, adjustments, or corrections into the fund accounting systemin accordance with documented procedures.
• Provide clear explanations andretainedsupport for reviewers to verify accuracy, completeness, and timeliness.
• Maintain organized reconciliation packets and supporting documentation to ensure audit-readiness.
• Archive reconciliation and supporting evidence in approved repositories for internal and external audit use.
• Escalate unresolved or aged itemsin accordance with established escalation protocols.
• Adhere to internal controls, documentation standards, and retention policies.

• Support internal and external audit support tickets, including evidence gathering and walkthrough preparation.
• Cross-trainon multiple reconciliation types (cash, positions, portfolio activity) to provide coverage during absences or peak workloads.
• Participate in process improvement, documentation enhancement, or control strengthening initiatives as assigned.

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

• Experience supporting registered fund operations and reconciliation processes.
• Strong analytical, troubleshooting, and critical-thinking skills.
• Ability to manage multiple priorities while meeting daily deadlines.
• Detail-oriented with a strong commitment to accuracy, documentation, and control compliance.
• Demonstrates integrity, accountability, and sound judgment.
• Effectively uses time, systems, and information to resolve issues efficiently.
• Communicates clearly and concisely, both written and verbally.
• Actively listens and collaborates with partners to achieve understanding and resolution.
• Adapts priorities in response to changing workloads,new information, or unexpected issues.
• Builds effective working relationships in both routine and high-pressure situations.

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.

• Healthcare (medical, dental,…