Fund Accounting Manager

U.S. Bank • Tempe, AZ

1d • Hybrid

About The Position

U.S. Bank Global Fund Services is seeking a Fund Accounting Manager to support our Fund Accounting team. This role has multiple levels, open to candidates with 5 years minimum experience. The successful candidate will be hired for the level of the position that aligns with their experience. As a Fund Accounting Manager, you will be part of a team responsible for maintaining the general ledger and records of mutual funds, exchange-traded funds, local government investment pools, and closed-end funds of varying complexity and producing end-of-day net asset value calculations. You will prepare daily general ledger accounting, prime broker/bank cash reconciliations, advisor/portfolio management processing, corporate action application, expense accrual/payment postings, daily net asset value and mill rate determinations, portfolio pricing analysis/validations, timely internal/external information distributions, and portfolio reconciliations. You will partner with various internal/external administrators, transfer agencies, and prime brokers/custodian relationships, collaborating on compliance, audit, and financials, while ensuring all Fund Accounting functions are in compliance with SEC regulations and GAAP principles.

Requirements

• Bachelor's degree in accounting or finance, or equivalent work experience
• Five or more years of experience in accounting or finance activities
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

Nice To Haves

• Experience working with exchange-traded funds, mutual funds, etc.
• Previous Fund Accounting experience, specifically with ETF basket processing experience
• Thorough knowledge of accounting, reporting, and analysis
• Ability to identify and resolve exceptions and to analyze data

Responsibilities

• Maintaining the general ledger and records of mutual funds, exchange-traded funds, local government investment pools, and closed-end funds of varying complexity.
• Producing end-of-day net asset value calculations.
• Preparing daily general ledger accounting.
• Performing prime broker/bank cash reconciliations.
• Processing advisor/portfolio management.
• Applying corporate actions.
• Posting expense accruals/payments.
• Determining daily net asset value and mill rates.
• Conducting portfolio pricing analysis/validations.
• Distributing timely internal/external information.
• Performing portfolio reconciliations.
• Partnering with internal/external administrators, transfer agencies, and prime brokers/custodian relationships.
• Collaborating on compliance, audit, and financials.
• Ensuring all Fund Accounting functions are in compliance with SEC regulations and GAAP principles.

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