Fund Supervisor

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.

Job Description We encourage growth – and reward the journey.

U.S. Bank Global Fund Services is seeking a future team member for the role of Fund Supervisor 1 and Fund Supervisor 2 to support our Fund Administration team.

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.  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 Administration Supervisor 1, you will spend key time:
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

Basic Qualifications Bachelor's degree in accounting, finance or related fieldCPA certified or candidate

Eight or more years of experience in Mutual Fund Administration or related field, i.e., public accounting

Preferred Skills/Experience 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.  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…