Senior Manager, Fund Audit & Support Services

U.S. Bank•Milwaukee, WI

13d

About The Position

At U.S. Bank, this role manages and leads a team that supports client fund audits and establishes consistent audit readiness and financial reporting practices across Registered Fund Services. The Senior Manager connects Fund Accounting, Fund Administration, Project and Risk Management, and Derivatives teams to deliver accurate, standardized, review-ready audit support on time. The role owns the end-to-end audit readiness framework, strengthens financial reporting quality, improves management visibility, and establishes sustainable audit preparation practices that support ongoing readiness and consistent audit results. The Senior Manager works closely with Risk Management, senior Fund Administration, and Fund Accounting leadership to identify control gaps, minimize audit cycle times, and improve audit results. The role leads audit planning and execution, oversees pre-audit checks and remediation, provides financial reporting and technical guidance, and coordinates operational support for auditors and other stakeholders.

Requirements

Bachelor's degree in Accounting, Finance, Business, or a related field, or equivalent relevant experience.
Significant experience in registered fund accounting, including mutual funds and/or ETFs, NAV production, period-end close, reconciliations, and financial reporting.
Seven or more years of experience in fund accounting, fund administration, or fund audit, including hands-on experience preparing for, coordinating, or leading fund audits and managing auditor requests, deadlines, supporting documentation, and issue resolution.
Strong working knowledge of Statements of Investments, financial statements, trial balance relationships, supporting schedules, and top-side adjustments.
Extensive working knowledge of derivatives, including options, futures, and short positions.
Demonstrated ability to lead across functions and influence senior stakeholders without relying solely on direct reporting authority.
Exceptional written and verbal communication skills, including the ability to explain technical issues, risks, and decisions to auditors and senior management.
Advanced Excel skills and strong knowledge of internal controls, operational risk, audit evidence, issue management, and root-cause remediation.
Ability to manage multiple audit cycles, deadlines, and stakeholders while maintaining accuracy, sound judgment, and attention to detail.

Nice To Haves

Professional certification such as CPA, CFA, CIA, or a comparable accounting, audit, or investment industry credential.
Experience with derivatives accounting and operations, broker reconciliations, collateral, settlements, and related audit support.
Experience with Power Apps, Power BI, workflow automation, SharePoint, or similar low-code and reporting technologies.
Experience designing audit readiness frameworks, standardized close controls, reconciliation governance, or financial reporting operating models.
Experience leading process transformation, control remediation, or cross-functional implementation initiatives.

Responsibilities

Manage and lead the team supporting client fund audits; set priorities, assign work, coordinate resources, and ensure timely, high-quality support and responsive client communication.
Lead planning and execution for semiannual and annual registered fund audits, including calendars, readiness milestones, ownership, dependencies, and escalation protocols.
Establish minimum standards for complete, accurate, and consistent audit packages, including naming conventions, support expectations, review evidence, version control, and final sign-off.
Maintain an integrated view of audit status across fund complexes and identify capacity, timing, quality, and dependency risks before deadlines are affected.
Report milestones, open requests, aging items, risks, decisions needed, and corrective actions to senior management.
Design and oversee pre-audit checks for month-end cash completeness, accounting-date positions, past-due items, broker reconciliations, unresolved exceptions, and other high-risk balances.
Confirm month-end reconciliations are accurate, reviewed on time, supported by evidence, and resolved or escalated before audit fieldwork.
Coordinate readiness reviews, document exceptions, assign owners, track remediation, and validate completion.
Address recurring manual adjustments, reconciling items, and late support by identifying and resolving root causes.
Provide leadership and instruction on Statements of Investments, financial statements, audit support schedules, and top-side adjustments.
Establish consistent expectations for proposing, documenting, reviewing, approving, posting, and retaining support for top-side adjustments.
Ensure trial balance support, portfolio holdings, disclosures, and audit schedules are internally consistent and traceable to source records.
Partner with Fund Administration and Fund Accounting leaders to resolve complex reporting, classification, valuation, and presentation questions.
Serve as a primary operational contact for auditors and coordinate request intake, clarification, assignment, response quality, and timely closure.
Facilitate status meetings, communicate priorities, remove roadblocks, and escalate material risks or missed commitments with recommended actions.
Coordinate support for samples, walkthroughs, inquiries, control evidence, proposed adjustments, and management responses.

Benefits

Healthcare coverage, including medical, dental, and vision.
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, 401(k) contribution, and pension, subject to eligibility requirements.