Fund Accounting Manager
About The Position
U.S. Bank Global Fund Services is seeking a Fund Accounting Manager to support its Fund Accounting team. This role is 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. Responsibilities include preparing 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. The manager will also 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 comply 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.
- 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 on compliance, audit, and financials.
- Ensuring all Fund Accounting functions comply 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
- Incentive and recognition programs
- Equity stock purchase
- Pension (all benefits are subject to eligibility requirements)
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What This Job Offers
Job Type
Full-time
Career Level
Manager
