Distribution and Expense Services Analyst

U.S. Bank National Association • Milwaukee, WI

11d • $60,435 - $71,100

About The Position

As a Distribution and Expense Services (“DES”) Analyst, you will be assigned to an operational servicing team within the Fund Administration department who helps support the day-to-day distribution and expense operations of exchange-traded funds (“ETF”), mutual funds and/or closed end funds. 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.

Requirements

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

Nice To Haves

• General knowledge of ETFs, mutual funds, other investments and security types
• Basic understanding of accounting principles
• Acknowledgement of ethics and compliance
• Strong analytical and problem-solving skills
• Organized and attentive to detail
• Ability to manage multiple tasks, projects and deadlines simultaneously
• Ability to perform under tight deadlines
• Process-oriented mindset with interest in automation and workflow improvement
• Effective verbal and written communication skills
• Proficient computer navigation skills
• Experience with Microsoft Excel
• Willingness to learn new and sometimes complex concepts

Responsibilities

• Calculating and projecting income and capital gain distribution estimates for clients.
• Accurately and timely calculating, reconciling and paying out dividends and capital gains for ETF and mutual fund products. Including preparing and processing dividend and capital gain distribution files.
• Validate distribution rates, components, and tax classifications (e.g., ordinary income, qualified dividends, capital gains, return of capital) and review vendor reporting and income projections.
• Collaborating with fund administrators, tax administrators, fund accountants, transfer agents, custodians, index providers and exchanges.
• Support daily financial operations for ETF and mutual fund products by processing invoices, managing vendor relationships, and ensuring accurate allocation of fund expenses.
• Maintain organized records and ensure compliance with internal controls.
• Work closely with internal teams and external service providers.
• Developing knowledge to empower you to mentor teammates, use problem-solving skills and begin to communicate effectively with mid-level and senior-level Fund Administrators.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level