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 DescriptionYour journey starts now.
U.S. Bank Global Fund Services is seeking a future team member for the role of Fund Administrator 1 and 2 to support our Fund Administration team.
As a Fund Administrator 1, you will be assigned to a servicing team who helps support the day-to-day financial and compliance operations of an exchange-traded fund (“ETF”), mutual fund, closed end fund and/or business development company client. In 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 Fund Administrator, you will spend key time:
Monitoring a fund budget based on contractual agreements, fee proposals and expense activity trends.
Helping prepare and assist with ETF and other fund 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 ETF and other fund 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 ETF and other fund adherence to the Investment Company Act of 1940, stated prospectus limitations and internal revenue code guidelines.
Leading the financial reporting filing requirements for an ETF or other fund 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 Fund Administrators in the coordination of ad-hoc projects which can include ETF, trust and other fund launches, ETF and other fund M&A activity and ETF and other fund liquidations.
Schedule: Monday through Friday 8:00 am to 5:00 pm (CT)
Location: 3 or more days in Milwaukee, WI or Oshkosh, WI location
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
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
Willingness to learn new and sometimes complex concepts
As a Fund Administrator 2, you will be assigned to a servicing team who helps support the day-to-day financial and compliance operations of an exchange-traded fund (“ETF”), mutual fund, closed end fund and/or business development company client. In 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 your continued succession as a financial professional and leader.
As a Fund Administrator 2, you will spend key time:
Monitoring and reviewing a fund budget based on contractual agreements, fee proposals and expense activity trends.
Helping prepare and review ETF and other fund client board of directors meeting materials. This may involve attendance of virtual meetings and presentation of materials.
Helping prepare and review 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 ETF and other fund client shareholders and the SEC in order to comply with GAAP and regulatory reporting requirements. This process involves being a liaison between internal departments, external legal counsel, fund auditors and our clients.
Testing and reviewing portfolio compliance to ensure ETF and other fund adherence to the Investment Company Act of 1940, stated prospectus limitations and internal revenue code guidelines.
Leading the financial reporting filing requirements for an ETF or other fund client’s fiscal year.
Developing knowledge to empower you to mentor teammates and communicate effectively with investment advisor clients.
Assisting senior-level Fund Administrators in the coordination of ad-hoc projects which can include ETF, trust and other fund launches, ETF and other fund M&A activity and ETF and other fund liquidations.
Schedule: Monday through Friday 8:00 am to 5:00 pm (CT)
Location: 3 or more days in Milwaukee, WI or Oshkosh, WI location
Basic Qualifications
- Bachelor's degree in accounting or finance, or equivalent work experience
- Two to five years of related work experience
Preferred Skills/Experience
Knowledge of ETFs, mutual funds, other investments and security types
Understanding of legal, regulatory and accounting principles
Acknowledgement of ethics and compliance
Organized an attentive to detail
Ability to manage multiple tasks, projects and deadlines simultaneously
Effective verbal and written communication skills
Proficient computer navigation skills
Intermediate to expert Microsoft Excel ability
Willingness to learn new and sometimes complex concepts
This position is not eligible for visa sponsorship.
This role requires working from a U.S. Bank location three (3) or more days per week.
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.
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:
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
Review our full benefits available by employment status here.
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
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.
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, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $60,435.00 - $71,100.00U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
Skills Required
- Bachelor's degree in accounting or finance, or equivalent work experience
- One to two years of related work experience (Fund Administrator 1)
- Two to five years of related work experience (Fund Administrator 2)
- Work from a U.S. Bank location three or more days per week (Milwaukee, WI or Oshkosh, WI)
- Ability to pass background checks and comply with U.S. Bank policies and Code of Ethics
- Knowledge of ETFs, mutual funds, other investments and security types
- Understanding of legal, regulatory and accounting principles (GAAP, SEC reporting)
- Experience with Microsoft Excel
- Proficient computer navigation skills
- Effective verbal and written communication skills
- Organized, attentive to detail, able to manage multiple tasks and deadlines
- Willingness to learn new and sometimes complex concepts
US Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about US Bank and has not been reviewed or approved by US Bank.
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Retirement Support — The package pairs a pension with a matched 401(k), strengthening long‑term financial security. Retirement programs and other financial safeguards are presented as comprehensive.
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Leave & Time Off Breadth — Paid vacation, sick time, numerous holidays, and dedicated volunteer hours provide meaningful time away. Additional time off with tenure and options to expand PTO bolster flexibility.
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Healthcare Strength — Medical, dental, and vision coverage with HSA/FSA options and wellness resources are described as robust. Health insurance is characterized as top‑notch in multiple descriptions.
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What We Do
We believe in putting people first, and our dedication to making ethical decisions and doing the right thing is at the heart of what we do. We're proud to be named by Ethisphere as a 2018 World's Most Ethical Company.
