Fund Administrator

About the role

U.S. Bank Global Fund Services seeks a Fund Administrator 1 and 2 to support the day-to-day financial and compliance operations of exchange-traded funds, mutual funds, closed end funds, and business development companies.

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.
• Preparing and assisting with financial statements for ETF and other fund client shareholders and the SEC to comply with GAAP and regulatory reporting requirements.
• Testing and reviewing 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 mentor teammates and communicate effectively with investment advisor clients.
• Assisting mid-level and senior-level Fund Administrators in coordinating ad-hoc projects such as ETF, trust, and other fund launches, M&A activity, and liquidations.

Requirements

• Bachelor's degree in accounting or finance, or equivalent work experience.
• One to two years of related work experience.

Preferred Skills/Experience

• General knowledge of ETFs, mutual funds, other investments, and security types.
• Basic understanding of legal, regulatory, and accounting principles.
• Acknowledgment 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.

Qualifications

• Bachelor's degree in accounting or finance, or equivalent work experience.
• Two to five years of related work experience.

Skills

• Knowledge of ETFs, mutual funds, other investments, and security types.
• Understanding of legal, regulatory, and accounting principles.
• Acknowledgment 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.
• Intermediate to expert Microsoft Excel ability.
• Willingness to learn new and sometimes complex concepts.

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
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law