Fund Administration Senior Analyst

U.S. Bank•Boston, MA

7d•$75,820 - $89,200•Hybrid

About The Position

U.S. Bank Global Fund Services is hiring for Fund Administrator 3 and Fund Administrator 4 roles supporting its Fund Administration team. Both roles help lead servicing teams responsible for the day-to-day financial and compliance operations of ETF, mutual fund, closed-end fund, and/or business development company clients. The team emphasizes client service, employee support, professional development, and a collaborative environment. Fund Administrators monitor and review fund budgets, review board meeting materials and financial statements, and ensure portfolio compliance with applicable laws, prospectus limitations, and tax guidelines. They lead annual financial-reporting filings and coordinate with internal departments, external legal counsel, fund auditors, and clients. The roles also involve mentoring teammates; Fund Administrator 4 additionally leads small- to medium-complexity client relationships. Both roles may lead coordination of fund launches, mergers and acquisitions, and liquidations. The schedule is Monday through Friday, 8:00 a.m. to 5:00 p.m. Central Time. The position requires working from a U.S. Bank location three or more days per week. The position is not eligible for visa sponsorship.

Requirements

Bachelor's degree in accounting or finance, or equivalent work experience.
Fund Administrator 3: five to seven years of related work experience.
Fund Administrator 4: eight or more years of related work experience.
Knowledge of ETFs, mutual funds, investments, and security types; thorough knowledge is specified for Fund Administrator 4.
Understanding of legal, regulatory, and accounting principles.
Awareness of ethics and compliance.
Organization and attention to detail.
Ability to lead and manage multiple tasks, projects, and deadlines simultaneously.
Effective verbal and written communication skills.
Proficient computer navigation skills.
Intermediate to expert Microsoft Excel ability; expertise in Microsoft Excel is specified for Fund Administrator 4.
Ability to understand complex concepts.
Ability to work from a U.S. Bank location three or more days per week.
Ability to comply with U.S. Bank policies and procedures, including its Code of Ethics and Business Conduct and workplace conduct and safety policies.

Nice To Haves

Fund administration experience.

Responsibilities

Monitor and review fund budgets in relation to contractual agreements, fee proposals, and expense activity trends.
Review ETF and other fund client board of directors meeting materials; this may include attending client meetings and presenting materials.
Review financial statements and accompanying footnotes for fund shareholders and SEC reporting to support compliance with GAAP and regulatory requirements.
Liaise with internal departments, external legal counsel, fund auditors, and clients during financial statement preparation and review.
Review portfolio compliance with the Investment Company Act of 1940, prospectus limitations, and Internal Revenue Code guidelines.
Lead annual financial reporting filing requirements for ETF and other fund clients.
Mentor teammates and, depending on the role, direct reports.
Communicate with investment advisor clients.
Coordinate ad hoc projects, including fund launches, mergers and acquisitions, and liquidations.
For Fund Administrator 4, lead small- and medium-complexity client relationships from an administration perspective.

Benefits

Medical, dental, and vision healthcare coverage.
Basic term and optional term life insurance.
Short-term and long-term disability insurance.
Pregnancy disability and parental leave.
401(k) and employer-funded retirement plan.
Paid vacation of 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
Incentive and recognition programs.
Equity stock purchase.