Portfolio Analyst

U.S. Bank • Minneapolis, MN

2d • 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. Job Description U.S. Bancorp Asset Management, Inc. (USBAM) is a SEC registered investment adviser that provides investment advisory services to a variety of products, including registered investment companies, private funds, and separately managed accounts. As of September 30, 2025, USBAM manages more than $402 billion in assets across fixed income, OCIO, LGIPS and fund strategies. The Portfolio Analyst role will work within the Portfolio Administration team and play a key role in daily account reconciliation, reporting, and client service support. The successful candidate will have a high attention to detail, a strong background in reconciliation as well as excellent analytical, technical and communication skills.

Requirements

• Bachelor’s degree, or equivalent work experience
• Typically four or more years of related experience

Nice To Haves

• College degree (mathematics/statistics, finance or equivalent field preferred)
• Understand investment concepts, portfolio accounting, security types, accruals and how transactions affect performance
• Proficient computer skills, especially MS Excel, MS Word applications
• Strong analytical, problem-solving and organizational abilities
• Ability to collaborate with other team members, yet be comfortable running detailed scheduled or ad-hoc reports independently; manage multiple tasks at the same time
• Self-directed with a willingness to learn and follow-through projects to completion
• Experience with trust and fiduciary systems, operations and investment systems
• Knowledge of SS&C Sylvan and SS&C PORTIA strongly preferred, prior experience with Clearwater, Bloomberg

Responsibilities

• Reconcile accounts and cash balances daily; investigate and resolve discrepancies and overdrafts.
• Complete internal/external client requests, support firm’s RFP processes
• Conduct ongoing reporting or ad hoc reporting as needed
• Set up new accounts, process terminations, and handle transfers of assets
• Prepare and deliver regular reports (daily, weekly, monthly, quarterly) on account status and performance
• Work closely with custodians, trade support, portfolio managers, and client service teams to resolve issues and support operations

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