Derivatives Reconciliation Specialist Accounting Operations

Overview

At U.S. Bank, we’re on a journey to do our best. Helping customers and businesses make better and smarter financial decisions, and enabling communities to grow and succeed. A career with U.S. Bank offers opportunities to discover strengths from Day One.

Job Description

Your journey starts now. U.S. Bank Global Fund Services is seeking a future team member for the role of Derivatives Reconciliation Specialist - Accounting Operations to support our Fund Accounting team.

In this role you will be:

• Responsible for performing daily reconciliations and ensuring the accuracy of derivative trade activity, valuations, and cash movements between custodians/prime brokers.
• Serving as a key link between accounting operations, fund advisors, and external counter parties, working to maintain data integrity and support timely financial reporting and fund audit support.
• Identifying and resolving reconciliation breaks, documenting processes, and contributing to ongoing workflow improvements that enhance efficiency and scalability as the business grows.

Qualifications

Basic Qualifications

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

Preferred Skills/Experience

• Strong analytical skills, attention to detail, and the ability to troubleshoot data discrepancies.
• Comfortable working under daily deadlines and managing multiple priorities.
• Effective communication and collaboration skills.
• Basic understanding of Microsoft Office applications (Excel).

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 (no link).

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:

• 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.

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.

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 about the E-Verify program.

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 and pension (all benefits are subject to eligibility requirements). Pay Range: $66,640.00 - $78,400.00

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 various fair chance ordinances and federal requirements. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.