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U.S. Bank

Runs a national bank and processes card payments

Fund Supervisor

Financial AccountingPosted on Nov 12
Full-timeBoston, MA, USA$117.7k - $138.5k

About the Job

Requirements

  • A bachelor's degree in accounting, finance, or a related field is required.
  • CPA certification or candidacy is required.
  • Fund Administration Supervisor 1 requires eight or more years of experience in mutual fund administration or a related field, such as public accounting.
  • Fund Administration Supervisor 2 requires nine or more years of experience in mutual fund administration or a related field, such as public accounting.
  • Advanced knowledge of legal, regulatory, and accounting principles affecting registered investment funds is preferred for Supervisor 1; superior knowledge is preferred for Supervisor 2.
  • A strong understanding of the Investment Company Act of 1940, Subchapter M of the Internal Revenue Code, and applicable state securities regulations is preferred for Supervisor 1; advanced understanding is preferred for Supervisor 2.
  • Experience managing and developing professional staff is preferred for Supervisor 1; experience leading, supervising, and developing professional staff is preferred for Supervisor 2.
  • Strong organizational skills and the ability to manage complex, long-term projects are preferred.
  • Excellent written and verbal communication skills and significant client interaction experience are preferred.
  • Proficiency with Microsoft Office and standard PC applications is preferred.
  • A strong commitment to ethics, compliance, and internal control standards is preferred for Supervisor 1; a superior commitment is preferred for Supervisor 2.

Responsibilities

  • Lead and oversee day-to-day financial and compliance operations for exchange-traded funds, mutual funds, closed-end funds, and/or business development company clients.
  • Lead and manage a team or teams responsible for fund compliance programs, regulatory filings, and financial statement preparation.
  • For Supervisor 1, serve as the primary client contact for regulatory and operational matters; for Supervisor 2, oversee client relationships at a high level and support the teams administering those relationships.
  • Coordinate fund operations and communications with investment advisors, custodians, transfer agents, fund accountants, attorneys, and auditors.
  • For Supervisor 1, oversee preparation and review of financial statements, shareholder reports, and required SEC filings.
  • Review fund and client account activity to identify potential issues and recommend corrective actions.
  • For Supervisor 1, manage fund expenses and provide reporting and materials for Boards of Directors.
  • For Supervisor 1, oversee independent and regulatory audits and work directly with external auditors.
  • Provide training and technical guidance to staff regarding regulatory and procedural changes.
  • Evaluate existing procedures and implement process improvements to enhance efficiency and compliance.
  • For Supervisor 2, provide objective guidance to other supervisors within a team.
  • For Supervisor 2, participate in department-level initiatives, committees, and working groups.
  • For Supervisor 2, execute strategies and drive change for the fund administration department and the business line.
  • Support business growth initiatives, including participation in new client or product activities.

Desired Qualifications

  • For Supervisor 1, experience managing and developing professional staff; for Supervisor 2, experience leading, supervising, and developing professional staff.
  • Supervisor 1 candidates should have advanced knowledge of legal, regulatory, and accounting principles affecting registered investment funds; Supervisor 2 candidates should have superior knowledge.
  • Supervisor 1 candidates should have a strong understanding of the Investment Company Act of 1940, Subchapter M of the Internal Revenue Code, and applicable state securities regulations; Supervisor 2 candidates should have an advanced understanding.
  • Strong organizational skills and the ability to manage complex, long-term projects.
  • Excellent written and verbal communication skills with significant client interaction.
  • Proficiency with Microsoft Office and standard PC applications.
  • A strong commitment to ethics, compliance, and internal control standards; superior commitment is preferred for Supervisor 2.

About the Company

U.S. Bank

Runs a national bank and processes card payments

U.S. Bank is one of the largest banks in the United States, serving consumers, small businesses, corporations, and government agencies with banking, lending, payments, and wealth management. Its Elavon subsidiary is one of the world's biggest processors of card payments for merchants, handling sales in the United States, Canada, and Europe. People and small businesses use its branches and mobile app for checking, savings, credit cards, mortgages, and loans, while companies use it for corporate cards and cash management, and the bank earns money from loan interest and fees. U.S. Bank received national bank charter No. 24 in 1863, under President Abraham Lincoln, and is based in Minneapolis as the main subsidiary of U.S. Bancorp.

Company size
10,001+
Company stage
IPO
Headquarters
Minneapolis, MN
Founded
1863

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