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 financial institution dedicated to helping customers and businesses make informed financial decisions and fostering community growth. As a Fund Accountant, you will be integral to maintaining accurate financial records and ensuring compliance for various investment funds, contributing to the bank’s mission of reliable financial services. This role offers the opportunity to grow and discover your potential within a supportive environment from day one.

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: Maintain the general ledger and records for various funds, producing end-of-day net asset value calculations in compliance with regulations.
• Tech Stack: Microsoft Office applications

What You’ll Actually Do
• General Ledger Management: Maintain the general ledger and financial records for mutual funds, exchange-traded funds, local government investment pools, and closed-end funds.
• Net Asset Value Calculation: Produce accurate end-of-day net asset value (NAV) and mill rate determinations for assigned funds.
• Daily Operations: Prepare daily general ledger accounting entries, conduct prime broker/bank cash reconciliations, process advisor/portfolio management activities, and post expense accruals/payments.
• Portfolio Analysis: Apply corporate actions, perform portfolio pricing analysis and validations, and distribute timely internal/external information.
• Compliance & Collaboration: Partner with internal/external administrators, transfer agencies, and prime brokers/custodians on compliance, audit, and financial matters, ensuring adherence to 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 an ability to identify and resolve exceptions and analyze data. Proficient computer navigation skills using a variety of software packages.