Distribution and Expense Services Analyst

U.S. Bank

DES Analyst at U.S. Bank supporting day-to-day operations for ETF and mutual funds.

Posted 6/19/2026full-timeMilwaukee • Wisconsin • 🇺🇸 United StatesJuniorMid-Level💰 $60,435 - $71,100 per yearWebsite

About the role

Key responsibilities & impact

Calculating and projecting income and capital gain distribution estimates for clients.
Accurately and timely calculating, reconciling and paying out dividends and capital gains for ETF and mutual fund products.
Including preparing and processing dividend and capital gain distribution files.
Validate distribution rates, components, and tax classifications (e.g., ordinary income, qualified dividends, capital gains, return of capital) and review vendor reporting and income projections.
Collaborating with fund administrators, tax administrators, fund accountants, transfer agents, custodians, index providers and exchanges.
Support daily financial operations for ETF and mutual fund products by processing invoices, managing vendor relationships, and ensuring accurate allocation of fund expenses.
Maintain organized records and ensure compliance with internal controls.
Work closely with internal teams and external service providers.
Developing knowledge to empower you to mentor teammates, use problem-solving skills and begin to communicate effectively with mid-level and senior-level Fund Administrators.

Requirements

What you’ll need

Bachelor's degree in accounting or finance, or equivalent work experience
One to two years of related work experience
General knowledge of ETFs, mutual funds, other investments and security types
Basic understanding of accounting principles
Acknowledgement of ethics and compliance
Strong analytical and problem-solving skills
Organized and attentive to detail
Ability to manage multiple tasks, projects and deadlines simultaneously
Ability to perform under tight deadlines
Process-oriented mindset with interest in automation and workflow improvement
Effective verbal and written communication skills
Proficient computer navigation skills
Experience with Microsoft Excel
Willingness to learn new and sometimes complex concepts

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

income calculationcapital gain distributiondividend processingtax classificationfinancial operationsaccounting principlesETFsmutual fundsinvestment knowledgeautomation

Soft Skills

analytical skillsproblem-solving skillsorganizational skillsattention to detailtime managementcommunication skillsmentoringcollaborationprocess-oriented mindsetadaptability

Certifications

Bachelor's degree in accountingBachelor's degree in finance