Fund Administration Supervisor

About the role

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.

As a Fund Administration Supervisor 2, you will lead and oversee the day-to-day financial and compliance operations for 33 Act exchange-traded fund (“ETF”), mutual fund, closed end fund 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.

Responsibilities

As a Fund Administration Supervisor 2, you will spend key time:

• Lead and manage teams responsible for fund compliance programs, regulatory filings, and financial statement preparation
• Oversee client relationships at a high level and support the administration teams that service them
• Proactively coordinate fund operations and communications with service providers, including investment advisors, custodians, transfer agents, fund accountants, attorneys, and auditors
• Review fund and client account activity to identify potential issues and recommend corrective actions
• Provide training and technical guidance to staff regarding regulatory and procedural changes
• Evaluate existing procedures and implement process improvements to enhance efficiency and compliance
• Provide objective guidance to other supervisors within a team
• Participate in department level initiatives, committees and working groups
• Execute strategies and drive change for the fund administration department and the entire business line
• Support business growth initiatives, including participation in new client or product activities

Qualifications

Bachelor's degree in accounting, finance or related field

CPA certified or candidate

Nine or more years of experience in Mutual Fund Administration or related field, i.e., public accounting

Skills

Demonstrated experience leading, supervising and developing professional staff

Superior knowledge of legal, regulatory, and accounting principles affecting registered investment funds

Advanced understanding of the Investment Company Act of 1933

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

Superior commitment to ethics, compliance, and internal control standards

Benefits

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind.

• 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

Pay

Pay Range: $111,605.00 - $131,300.00

In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements).