Distribution and Expense Services Analyst

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.

As a Distribution and Expense Services (“DES”) Analyst, you will be assigned to an operational servicing team within the Fund Administration department who helps support the day-to-day distribution and expense operations of exchange-traded funds (“ETF”), mutual funds and/or closed end funds. 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.

• Calculating and projecting income and capital gain distribution estimates for clients.
• Accurately and timely calculating, reconciling and paying out dividends and capital gains for ETF and mutual fund products.
• Preparing and processing dividend and capital gain distribution files.
• Validating distribution rates, components, and tax classifications (e.g., ordinary income, qualified dividends, capital gains, return of capital) and reviewing vendor reporting and income projections.
• Collaborating with fund administrators, tax administrators, fund accountants, transfer agents, custodians, index providers and exchanges.
• Supporting daily financial operations for ETF and mutual fund products by processing invoices, managing vendor relationships, and ensuring accurate allocation of fund expenses.
• Maintaining organized records and ensuring compliance with internal controls.
• Working closely with internal teams and external service providers.
• Developing knowledge to empower you to mentor teammates, using problem‑solving skills and beginning to communicate effectively with mid‑level and senior‑level Fund Administrators.

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

• General knowledge of ETFs, mutual funds, other investments and security types.
• Basic understanding of accounting principles.
• Acknowledgment of ethics and compliance.
• Strong analytical and problem‑solving skills.
• Organized and attentive to detail.
• Ability to manage multiple tasks, projects and deadlines simultaneously.
• Ability to perform under tight deadlines.
• Process‑oriented mindset with interest in automation and workflow improvement.
• Effective verbal and written communication skills.
  
  Proficient computer navigation skills.
• Experience with Microsoft Excel.
• Willingness to learn new and sometimes complex concepts.

• 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

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.

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.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color,…