Fund Administration Closed-End Supervisor

U.S. Bank • Boston, MA

7d • $98,175 - $115,500 • Hybrid

About The Position

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.
As a Fund Administration Closed-End Fund Supervisor, you will lead and oversee the day-to-day compliance operations for closed-end funds 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.

Requirements

• Bachelor's degree in accounting, finance or related field
• CPA certified or candidate
• Eight or more years of experience in Mutual Fund Administration or related field, i.e., public accounting

Nice To Haves

• Advanced knowledge of legal, regulatory, and accounting principles affecting registered investment funds
• Strong understanding of the Investment Company Act of 1940, Subchapter M of the Internal Revenue Code, and applicable state securities regulations
• Demonstrated experience managing and developing professional staff
• 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
• Strong commitment to ethics, compliance, and internal control standards

Responsibilities

• Leading a team responsible for fund compliance programs, regulatory filings, and financial statement preparation
• Serve as the primary client contact for regulatory and operational matters
• Coordinate fund operations and communications with service providers, including investment advisors, custodians, transfer agents, fund accountants, attorneys, and auditors
• Oversee preparation and review of financial statements, shareholder reports, and required SEC filings
• Review fund and client account activity to identify potential issues and recommend corrective actions
• Manage fund expenses and provide reporting and materials for Boards of Directors
• Oversee independent and regulatory audits and work directly with external auditors
• Provide training and technical guidance to staff regarding regulatory and procedural changes
• Evaluate existing procedures and implement process improvements to enhance efficiency and compliance
• Support business growth initiatives, including participation in new client or product activities

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: Senior