Fund Administration 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 As a Fund Administration Supervisor 2, you will lead and oversee the day-to-day financial and compliance operations for 33 Act 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 2, you will spend key time:

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 strategies and drive change for the fund administration department and the entire business line 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

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

Preferred Skills/Experience Demonstrated experience leading, supervising and developing professional staff

Superior knowledge of legal, regulatory, and accounting principles affecting registered investment funds

Advanced understanding of the Investment Company Act of 1933

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

Superior commitment to ethics, compliance, and internal control standards

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. Benefits:

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

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