Fund Supervisor

Job Description

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 Fund Administration Supervisor 1, you will lead and oversee the day-to-day financial and compliance operations for exchange‑traded fund (ETF), mutual fund, closed end fund, and/or business development company clients. You will manage a team responsible for fund compliance programs, regulatory filings, and financial statement preparation, and serve as the primary client contact for regulatory and operational matters.

• Lead and manage a team responsible for fund compliance programs, regulatory filings, and financial statement preparation.
• Serve as the primary client contact for regulatory and operational matters.
• Coordinate fund operations and communications with service providers, including investment advisors, custodians, transfer agents, fund accountants, attorneys, and auditors.
• Oversee preparation and review of financial statements, shareholder reports, and required SEC filings.
• Review fund and client account activity to identify potential issues and recommend corrective actions.
• Manage fund expenses and provide reporting and materials for Boards of Directors.
• Oversee independent and regulatory audits and work directly with external auditors.
• Provide training and technical guidance to staff regarding regulatory and procedural changes.
• Evaluate existing procedures and implement process improvements to enhance efficiency and compliance.
• Support business growth initiatives, including participation in new client or product activities.

• Bachelor's degree in accounting, finance or related field.
• CPA certified or candidate.
• Eight or more years of experience in Mutual Fund Administration or related field, i.e., public accounting.

• Advanced knowledge of legal, regulatory, and accounting principles affecting registered investment funds.
• Strong understanding of the Investment Company Act of 1940, Subchapter M of the Internal Revenue Code, and applicable state securities regulations.
• Demonstrated experience managing and developing professional staff.
• Strong organizational skills with the ability to manage complex, long‑term projects.
• Excellent written and verbal communication skills with significant client interaction.
• Proficiency with Microsoft Office and standard PC applications.
• Strong commitment to ethics, compliance, and internal control standards.

As a Fund Administration Supervisor 2, you will lead and oversee the day‑to‑day financial and compliance operations for exchange‑traded fund (ETF), mutual fund, closed end fund and/or business development company clients. You will guide teams responsible for fund compliance programs and support administrative operations at a high level.

• Lead and manage teams responsible for fund compliance programs, regulatory filings, and financial statement preparation.
• Oversee client relationships at a high level and support the administration teams that service them.
• Proactively coordinate fund operations and communications with service providers, including investment advisors, custodians, transfer agents, fund accountants, attorneys, and auditors.
• Review fund and client account activity to identify potential issues and recommend corrective actions.
• Provide training and technical guidance to staff regarding regulatory and procedural changes.
• Evaluate existing procedures and implement process improvements to enhance efficiency and compliance.
• Provide objective guidance to other supervisors within a team.
• Participate in department level initiatives, committees and working groups.
• Execute…