Job DescriptionAs a Distribution and Expense Servicing Manager, you will be assigned to an operational servicing team who helps support the day-to-day treasury operations of exchange-traded funds ("ETF"), mutual funds and/or closed end funds. 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 Distribution and Expense Servicing Manager, you will spend key time:
- Reviewing calculations, projected income and capital gain distribution estimates for clients.
- Monitoring and reviewing the overall distribution process for clients, comprising accurate and timely calculations, reconciliations and payment of dividends and capital gains for ETF and mutual fund products.
- 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 overseeing invoice processing, 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.
Basic Qualifications
- Bachelor's degree in accounting, finance or related field
- CPA certified or candidate
- Eight or more years of experience in Mutual Fund Administration or related field, i.e., public accounting
Preferred Skills/Experience
- Proven knowledge of ETFs, mutual funds, other investments and security types
- Keen 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
- 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.
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.
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: $98,175.00 - $115,500.00
Posting may be closed earlier due to high volume of applicants. 
