Mutual Fund Accounting Operations Specialist; Corporate Actions

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.

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

• Research, interpret, and process all mandatory and voluntary corporate action events affecting mutual funds and ETFs.
• Analyze announcements and supporting documentation to determine the appropriate accounting and operational treatment.
• Validate event details received from custodians, market vendors, issuers, and other external sources.
• Ensure timely and accurate processing of corporate actions within fund accounting systems.
• Investigate and resolve breaks, discrepancies, and exceptions related to corporate action activity.
• Assess portfolio impacts and communicate event details and operational implications to stakeholders.
• Partner with internal and external parties to resolve complex corporate action issues and inquiries.
• Maintain strong controls and documentation to support audit, compliance, and risk management requirements.
• Identify opportunities to improve processes, increase efficiency, and reduce operational risk.
• Support training efforts and contribute corporate action expertise to the broader organization.

• Experience in fund accounting, custody operations, securities operations, or corporate actions.
• Strong understanding of registered mutual funds, ETFs, and financial instruments.
• Knowledge of mandatory and voluntary corporate action event types and associated accounting impacts.
• Strong proficiency in Microsoft Office applications, particularly Excel, including data analysis, reconciliation, and reporting functions. Experience utilizing Microsoft Copilot and other technology solutions to improve research capabilities, operational effectiveness, and process efficiency is preferred.
• Demonstrated analytical, research, and problem-solving skills.
• Ability to manage multiple priorities in a deadline-driven environment.
• Strong communication and collaboration skills.
• High attention to detail and commitment to operational excellence.

• 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

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

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.

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