Fund Accountant

Job Description

Fund Accountant | U.S. Bank

The Tone:
This is a full-time role at U.S. Bank, located in Tempe, AZ or Milwaukee, WI. U.S. Bank is a large financial organization dedicated to helping customers and businesses make smarter financial decisions and enabling communities to grow. This role is crucial for maintaining the financial integrity and compliance of various investment funds, ensuring accurate record-keeping and net asset value calculations.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Hybrid – Tempe, AZ or Milwaukee, WI
• Pay: $60435–$71100 yearly
• Team: Global Fund Services, supporting the Fund Accounting team.
• Mission: Responsible for maintaining the general ledger and records for various investment funds to produce end-of-day net asset value calculations and ensure regulatory compliance.
• Tech Stack: Microsoft Office applications

What You’ll Actually Do
• Record Keeping: Maintain the general ledger and records for mutual funds, exchange-traded funds, local government investment pools, and closed-end funds of varying complexity.
• Daily Operations: Prepare daily general ledger accounting, prime broker/bank cash reconciliations, advisor/portfolio management processing, and expense accrual/payment postings.
• Valuation & Analysis: Apply corporate actions, determine daily net asset value and mill rates, and perform portfolio pricing analysis/validations.
• External Collaboration: Partner with various internal and external administrators, transfer agencies, and prime brokers/custodian relationships to collaborate on compliance, audit, and financials.
• Regulatory Compliance: Ensure all Fund Accounting functions are in compliance with SEC regulations and GAAP principles.

The Must-Haves
• Background: Bachelor’s degree in accounting or finance, or equivalent work experience, for an early-career accounting or finance professional.
• Experience: One to two years of experience in accounting or finance activities.
• Skills: Thorough knowledge of accounting, reporting, and analysis; ability to identify and resolve exceptions and analyze data; proficient computer navigation skills using Microsoft Office applications.