Fund Administrator

U.S. Bank • Oshkosh, WI

7d • Onsite

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. Job Description Your journey starts now. U.S. Bank Global Fund Services is seeking a future team member for the role of Fund Administrator to support our Fund Administration team. As a Fund Administrator , you will be assigned to a servicing team who helps support the day-to-day financial and compliance operations of an exchange-traded fund (“ETF”), mutual fund, closed end fund and/or business development company client. 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. As a Fund Administrator, you will spend key time: Monitoring a fund budget based on contractual agreements, fee proposals and expense activity trends. Helping prepare and assist with ETF and other fund client board of directors meeting materials. Helping prepare financial statements (e.g., statement of assets and liabilities, schedule of investments, statement of operations, statement of changes in net assets, statement of cash flows and accompanying financial footnotes) for ETF and other fund client shareholders and the SEC in order to comply with GAAP and regulatory reporting requirements. This process involves being the liaison between internal departments, external legal counsel, fund auditors and our clients. Testing portfolio compliance to ensure ETF and other fund adherence to the Investment Company Act of 1940, stated prospectus limitations and internal revenue code guidelines. Leading the financial reporting filing requirements for an ETF or other fund client’s fiscal year. Developing knowledge to empower you to mentor teammates and begin to communicate effectively with investment advisor clients. Assisting mid-level and senior-level Fund Administrators in the coordination of ad-hoc projects which can include ETF, trust and other fund launches, ETF and other fund M&A activity and ETF and other fund liquidations.

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 legal, regulatory and accounting principles
• Acknowledgement of ethics and compliance
• Organized and attentive to detail
• Ability to manage multiple tasks, projects and deadlines simultaneously
• Effective verbal and written communication skills
• Proficient computer navigation skills
• Experience with Microsoft Excel
• Willingness to learn new and sometimes complex concepts

Responsibilities

• Monitoring a fund budget based on contractual agreements, fee proposals and expense activity trends.
• Helping prepare and assist with ETF and other fund client board of directors meeting materials.
• Helping prepare financial statements (e.g., statement of assets and liabilities, schedule of investments, statement of operations, statement of changes in net assets, statement of cash flows and accompanying financial footnotes) for ETF and other fund client shareholders and the SEC in order to comply with GAAP and regulatory reporting requirements. This process involves being the liaison between internal departments, external legal counsel, fund auditors and our clients.
• Testing portfolio compliance to ensure ETF and other fund adherence to the Investment Company Act of 1940, stated prospectus limitations and internal revenue code guidelines.
• Leading the financial reporting filing requirements for an ETF or other fund client’s fiscal year.
• Developing knowledge to empower you to mentor teammates and begin to communicate effectively with investment advisor clients.
• Assisting mid-level and senior-level Fund Administrators in the coordination of ad-hoc projects which can include ETF, trust and other fund launches, ETF and other fund M&A activity and ETF and other fund liquidations.

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: Entry Level
• Number of Employees: 5,001-10,000 employees