At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

　　Job Description

　　As a Mutual Fund Administrator 1, you will be assigned to a servicing team who helps support the day-to-day financial and compliance operations of a mutual fund, exchange-traded fund, closed end fund and/or business development company client. In Mutual Fund Administration, we value clients first and employees always. We take pride in doing the right thing each and every day in a fun, challenging and fulfilling environment. Our leadership and team mentors are committed to you and we will provide you with an array of resources and teaching methodologies to help you succeed and grow as a financial professional and future leader.

　　As a Mutual Fund Administrator 1, you will spend key time:

　　Monitoring a fund budget based on contractual agreements, fee proposals and expense activity trends.

　　Helping prepare and assist with client board of directors meeting materials.

　　Helping prepare financial statements (e.g., statement of assets and liabilities, schedule of investments, statement of operations, statement of changes in net assets, statement of cash flows and accompanying financial footnotes) for client shareholders and the SEC in order to comply with GAAP and regulatory reporting requirements. This process involves being the liaison between internal departments, external legal counsel, fund auditors and our clients.

　　Testing portfolio compliance to ensure fund adherence to the Investment Company Act of 1940, stated prospectus limitations and internal revenue code guidelines.

　　Leading the financial reporting filing requirements for a client’s fiscal year.

　　Developing knowledge to empower you to mentor teammates and begin to communicate effectively with investment advisor clients.

　　Assisting mid-level and senior-level Mutual Fund Administrators in the coordination of ad-hoc projects which can include trust and fund launches, fund M&A activity and fund liquidations.

　　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 investments and security types

　　Basic understanding of legal, regulatory and accounting principles

　　Acknowledgement 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

　　Experience with Microsoft Excel

　　If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

　　Benefits:

　　Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

　　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

　　Adoption assistance

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

　　EEO is the Law

　　U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.

　　E-Verify

　　U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .

　　The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $58,650.00 - $69,000.00 - $75,900.00

　　U.S. Bank accepts applications for this position on an ongoing basis.