Fund Accountant

Job Description

Fund Accountant | U.S. Bank

The Tone:
This is a full-time hybrid role at U.S. Bank, located in Tempe, AZ or Milwaukee, WI. U.S. Bank is a large financial institution dedicated to helping customers and businesses make better financial decisions, while enabling communities to grow and succeed. This role is crucial for maintaining accurate financial records and ensuring compliance for various investment funds, contributing directly to the bank’s mission of reliable financial services. Your work will directly support the integrity of financial operations for mutual funds, ETFs, and other investment products.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Hybrid Tempe, AZ or Milwaukee, WI
• Pay: $60435–$71100 yearly
• Team: Fund Accounting team within Global Fund Services
• Mission: This person ensures accurate financial record-keeping and net asset value calculations for various investment funds.
• Tech Stack: Microsoft Office applications

What You’ll Actually Do
• General Ledger Management: Maintain the general ledger and records for mutual funds, exchange-traded funds, local government investment pools, and closed-end funds of varying complexity.
• NAV Calculation: Produce end-of-day net asset value (NAV) calculations and mill rate determinations, including portfolio pricing analysis and validations.
• Daily Accounting Operations: Prepare daily general ledger accounting entries, conduct prime broker/bank cash reconciliations, and process advisor/portfolio management activities.
• Financial Transaction Processing: Apply corporate actions, post expense accruals and payments, and distribute timely internal and external financial information.
• Compliance and Collaboration: Partner with internal/external administrators, transfer agencies, and prime brokers/custodian relationships to ensure all Fund Accounting functions comply with SEC regulations and GAAP principles.

The Must-Haves
• Background: Bachelor’s degree in accounting or finance, or equivalent work experience.
• Experience: One to two years of experience in accounting or finance activities.
• Skills: Thorough knowledge of accounting, reporting, and analysis, with the ability to identify and resolve exceptions and analyze data.
• Skills: Proficient computer navigation skills utilizing various software packages, including Microsoft Office applications.