Fund Administrator

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.

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

• Monitoring a fund budget based on contractual agreements, fee proposals and expense activity trends.
• Helping prepare and assist with ETF and other fund client board of directors meeting materials.
• Helping prepare financial statements (e.g., statement of assets and liabilities, schedule of investments, statement of operations, statement of changes in net assets, statement of cash flows and accompanying financial footnotes) for ETF and other fund client shareholders and the SEC in order to comply with GAAP and regulatory reporting requirements. This process involves being the liaison between internal departments, external legal counsel, fund auditors and our clients.
• Testing portfolio compliance to ensure ETF and other fund adherence to the Investment Company Act of 1940, stated prospectus limitations and internal revenue code guidelines.
• Leading the financial reporting filing requirements for an ETF or other fund client’s fiscal year.
• Developing knowledge to empower you to mentor teammates and begin to communicate effectively with investment advisor clients.
• Assisting mid-level and senior-level Fund Administrators in the coordination of ad-hoc projects which can include ETF, trust and other fund launches, ETF and other fund M&A activity and ETF and other fund liquidations.

• Monitoring and reviewing a fund budget based on contractual agreements, fee proposals and expense activity trends.
• Helping prepare and review ETF and other fund client board of directors meeting materials. This may involve attendance of virtual meetings and presentation of materials.
• Helping prepare and review financial statements (e.g., statement of assets and liabilities, schedule of investments, statement of operations, statement of changes in net assets, statement of cash flows and accompanying financial footnotes) for ETF and other fund client shareholders and the SEC in order to comply with GAAP and regulatory reporting requirements. This process involves being a liaison between internal departments, external legal counsel, fund auditors and our clients.
• Testing and reviewing portfolio compliance to ensure ETF and other fund adherence to the Investment Company Act of 1940, stated prospectus limitations and internal revenue code guidelines.
• Leading the financial reporting filing requirements for an ETF or other fund client’s fiscal year.
• Developing knowledge to empower you to mentor teammates and communicate effectively with investment advisor clients.
• Assisting senior-level Fund Administrators in the coordination of ad-hoc projects which can include ETF, trust and other fund launches, ETF and other fund M&A activity and ETF and other fund liquidations.

Monday through Friday 8:00 am to 5:00 pm (CT)

3 or more days in Milwaukee, WI or Oshkosh, WI

• Bachelor’s degree in accounting or finance, or equivalent work experience
• One to two years of related work experience for Fund Administrator 1; two to five years of related work experience for Fund Administrator 2

• General knowledge of ETFs, mutual funds, other investments and security types
• Basic understanding of legal, regulatory and accounting principles
• Acknowledgement of ethics and compliance
• Organized and attentive to detail
• Ability to manage multiple tasks, projects and deadlines simultaneously
• Effective verbal and written…