Fund Operations Analyst

About the role

U.S. Bank is seeking a Fund Operations Analyst to join a servicing team that supports the day‑to‑day financial and compliance operations of exchange‑traded funds (ETFs), mutual funds, closed‑end funds, and business development company clients. The role offers mentorship, resources, and development opportunities to grow as a financial professional and future leader.

Responsibilities

• Prepare financial statements (statement of assets and liabilities, schedule of investments, statement of operations, statement of changes in net assets, statement of cash flows, and accompanying footnotes) for ETF and other fund client shareholders and the SEC to meet GAAP and regulatory reporting requirements.
• Lead the financial reporting filing requirements for an ETF or other fund client’s fiscal year.
• Test portfolio compliance with the Investment Company Act of 1940, prospectus limitations, and internal revenue code guidelines.
• Assist with regulatory reporting and data‑collection processes.
• Prepare and assist with ETF and other fund client board of directors meeting materials.
• Monitor fund budgets based on contractual agreements, fee proposals, and expense activity trends.
• Prepare and review operational reports, reconciliations, and supporting schedules.
• Research and resolve operational discrepancies and exceptions.
• Maintain operational procedures and supporting documentation.
• Participate in departmental initiatives focused on operational efficiency, automation, and risk reduction.
• Develop knowledge to mentor teammates and communicate effectively with senior leaders.
• Assist mid‑level and senior‑level Fund Administrators in coordinating ad‑hoc projects.

Basic Qualifications

• 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.
• Commitment to 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, including Microsoft Excel.
• Willingness to learn new and sometimes complex concepts.

Schedule

This role requires working from a U.S. Bank location three (3) or more days per week.

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 (two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals (one hour for every 30 worked, up to 80 hours per calendar year, unless otherwise provided by law)

Pay

Pay Range: $60,435.00 – $71,100.00 (actual range may vary by location). In addition to salary, U.S. Bank offers a comprehensive benefits package, incentive and recognition programs, equity stock purchase, 401(k) contribution, and pension (subject to eligibility requirements).