Fund Operations Analyst

Job Description

Entry-Level Mutual Fund Tax Accountant | U.S. Bank

The Tone:
This is an entry-level, full-time role at U.S. Bank, offering a hybrid work schedule. U.S. Bank is a leading financial institution committed to helping its customers and businesses make better financial decisions, while also empowering the communities it serves to thrive. The company believes in the unique potential of each individual and fosters a culture of discovery and continuous learning. This position is vital for maintaining the accuracy and integrity of financial and compliance operations for a diverse range of investment funds. A career here offers a wide, ever-growing range of opportunities to discover what makes you excel, right from your first day.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Hybrid
• Pay: $60,435.00–$71,100.00 yearly
• Mission: Support the day-to-day financial and compliance operations for mutual funds, ETFs, closed-end funds, and business development companies.
• Tech Stack: Microsoft Office applications

What You’ll Actually Do
• Operational Support: Provide essential day-to-day financial and compliance operational support for various fund clients, including mutual funds, exchange-traded funds, closed-end funds, and business development companies.
• Client Relationship Management: Serve as the primary point of contact for fund clients, coordinating activities and facilitating clear communications among fund operations teams and external service providers such as investment advisors, custodians, transfer agents, attorneys, and auditors.
• Financial Oversight: Help oversee and monitor fund budgets, meticulously reviewing expenses based on contractual agreements, fee proposals, and current activity trends to ensure sound financial management.
• Reporting & Review: Support the preparation and review of financial statements for client shareholders, ensuring all reports meet the rigorous standards of SEC, GAAP, and other regulatory requirements.
• Compliance Assurance: Work closely with complex regulatory and compliance requirements, testing and reviewing portfolio compliance against established SEC and GAAP standards to uphold the accuracy and integrity of all reporting.

The Must-Haves
• Background: Possess a Bachelor’s degree in accounting or finance, or an equivalent combination of relevant work experience and education.
• Experience: Bring one to two years of professional work experience directly related to financial operations, accounting, or the mutual fund industry.
• Skills: Demonstrate foundational knowledge and understanding of legal, regulatory, and accounting principles that directly impact the mutual fund industry and its clients, along with proficient computer navigation skills using Microsoft Office applications.
• Bonus: Possess effective verbal and written communication skills essential for clear client and internal stakeholder interaction, alongside the ability to manage multiple tasks and project deadlines simultaneously.