Mutual Fund Administrator

U.S. Bank

Manage mutual fund operations and compliance at U.S. Bank, coordinating with clients and service providers.

Posted 6/4/2026full-timeMinnesota, Pennsylvania • 🇺🇸 United StatesJunior💰 $60,435 - $71,100 per yearWebsite

About the role

Key responsibilities & impact

Supports the day-to-day financial and compliance operations of mutual funds, exchange-traded funds (ETFs), closed-end funds, Local Government Investment Pools (LGIPs), and/or business development company clients.
Serves as a primary point of contact for assigned fund clients and coordinates activities and communications among key fund service providers, including the investment advisor, custodian, transfer agent, fund accountant, attorneys, and auditors.
Manage daily operational and compliance activities for assigned funds, ensuring accuracy, timeliness, and adherence to regulatory requirements.
Act as the main liaison for fund clients by coordinating communications and deliverables across internal teams and external service providers.
Monitor and review fund budgets in alignment with contractual agreements, fee proposals, and expense trends.
Assist in the preparation and/or review of financial statements for client shareholders, ensuring compliance with GAAP, SEC regulations, and other applicable reporting standards.
Conduct or support portfolio compliance testing and reviews to ensure adherence to regulatory requirements and prospectus guidelines.

Requirements

What you’ll need

Bachelor's degree in accounting or finance, or equivalent work experience
One to two years of related work experience
Some knowledge and understanding of legal, regulatory and accounting principles which directly affect the mutual fund industry and their clients
Ability to manage multiple tasks/projects and deadlines simultaneously
Effective verbal and written communication skills
Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

Benefits

Comp & perks

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

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

financial operationscompliance operationsfinancial statements preparationportfolio compliance testingGAAPSEC regulationsregulatory requirementsbudget monitoringaccounting principles

Soft Skills

communication skillsorganizational skillstime managementmultitaskingclient liaison

Certifications

Bachelor's degree in accountingBachelor's degree in finance