Bachelor's degree in Accounting, Finance, Business or a related field, or equivalent relevant experience.
Significant experience in registered fund accounting, including mutual funds and/or ETFs, NAV production, period-end close, reconciliations and financial reporting.
Seven or more years of experience in fund accounting, fund administration or fund audit, including hands-on experience preparing for, coordinating or leading fund audits and managing auditor requests,
Strong working knowledge of Statements of Investments, financial statements, trial balance relationships, supporting schedules and top-side adjustments.
Extensive working knowledge of derivatives, including options, futures and short positions.
Demonstrated ability to lead across functions and influence senior stakeholders without relying solely on direct reporting authority.
Exceptional written and verbal communication skills, with the ability to explain technical issues, risks and decisions to auditors and senior management.
Advanced Excel skills and strong knowledge of internal controls, operational risk, audit evidence, issue management and root-cause remediation.
Ability to manage multiple audit cycles, deadlines and stakeholders while maintaining accuracy, sound judgment and attention to detail.
Nice to have
Professional certification such as CPA, CFA, CIA or a comparable accounting, audit or investment industry credential.
Experience with derivatives accounting and operations, broker reconciliations, collateral, settlements and related audit support.
Experience with Power Apps, Power BI, workflow automation, SharePoint or similar low-code and reporting technologies.
Experience designing audit readiness frameworks, standardized close controls, reconciliation governance or financial reporting operating models.
Experience leading process transformation, control remediation or cross-functional implementation initiatives.
Full description
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Job Description
This role will manage and lead a team that supports client fund audits and establishes consistent audit readiness and financial reporting practices across Registered Fund Services. The Senior Manager will connect Fund Accounting, Fund Administration, Project and Risk Management, and Derivatives teams to deliver accurate, standardized and review-ready audit support on time. In this role you will own the end-to-end audit readiness framework, strengthen financial reporting quality, improve management visibility and establish sustainable, repeatable audit preparation practices that support ongoing readiness and consistent, high-quality audit results. You will work closely with Risk Management and senior Fund Administration as well as Fund Accounting leadership to identify control gaps, minimize audit cycle times and improve audit results.
Key responsibilitiesAudit strategy, governance and execution
Manage and provide leadership to the team supporting client fund audits, setting priorities, assigning work and coordinating resources to ensure timely, high-quality audit support and responsive client communication.
Lead planning and execution for semiannual and annual registered fund audits, including calendars, readiness milestones, ownership, dependencies and escalation protocols.
Establish minimum standards for complete, accurate and consistent audit packages, including naming conventions, support expectations, review evidence, version control and final sign-off.
Maintain an integrated view of audit status across fund complexes and identify capacity, timing, quality and dependency risks before deadlines are affected.
Provide senior management with concise reporting on milestones, open requests, aging items, risks, decisions needed and corrective actions.
Pre-audit readiness and quality
Design and oversee pre-audit checks covering month-end cash completeness, accounting-date positions, past-due items, broker reconciliations, unresolved exceptions and other high-risk balances.
Confirm month-end reconciliations are accurate, timely reviewed, supported by evidence and resolved or escalated before audit fieldwork.
Senior Manager, Fund Audit & Support Services at U.S. Bank (Milwaukee, WI) — aijobsearch
Challenge recurring manual adjustments, reconciling items and late support so root causes are addressed rather than carried forward.
Financial reporting and technical leadership
Provide leadership and instruction on Statements of Investments, financial statements, audit support schedules and top-side adjustments.
Establish consistent expectations for proposing, documenting, reviewing, approving, posting and retaining support for top-side adjustments.
Ensure trial balance support, portfolio holdings, disclosures and audit schedules are internally consistent and traceable to source records.
Partner with Fund Administration and Fund Accounting leaders to resolve complex reporting, classification, valuation and presentation questions.
Stakeholder and auditor coordination
Serve as a primary operational contact for auditors and coordinate request intake, clarification, assignment, response quality and timely closure.
Facilitate status meetings, communicate priorities, remove roadblocks and escalate material risks or missed commitments with recommended actions.
Coordinate support for samples, walkthroughs, inquiries, control evidence, proposed adjustments and management responses.
Basic qualifications
Bachelor's degree in Accounting, Finance, Business or a related field, or equivalent relevant experience.
Significant experience in registered fund accounting, including mutual funds and/or ETFs, NAV production, period-end close, reconciliations and financial reporting.
Seven or more years of experience in fund accounting, fund administration or fund audit, including hands-on experience preparing for, coordinating or leading fund audits and managing auditor requests, deadlines, supporting documentation and issue resolution.
Strong working knowledge of Statements of Investments, financial statements, trial balance relationships, supporting schedules and top-side adjustments.
Extensive working knowledge of derivatives, including options, futures and short positions.
Demonstrated ability to lead across functions and influence senior stakeholders without relying solely on direct reporting authority.
Exceptional written and verbal communication skills, with the ability to explain technical issues, risks and decisions to auditors and senior management.
Advanced Excel skills and strong knowledge of internal controls, operational risk, audit evidence, issue management and root-cause remediation.
Ability to manage multiple audit cycles, deadlines and stakeholders while maintaining accuracy, sound judgment and attention to detail.
Preferred qualifications
Professional certification such as CPA, CFA, CIA or a comparable accounting, audit or investment industry credential.
Experience with derivatives accounting and operations, broker reconciliations, collateral, settlements and related audit support.
Experience with Power Apps, Power BI, workflow automation, SharePoint or similar low-code and reporting technologies.
Experience designing audit readiness frameworks, standardized close controls, reconciliation governance or financial reporting operating models.
Experience leading process transformation, control remediation or cross-functional implementation initiatives.
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.
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.
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.
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: $126,820.00 - $149,200.00
U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.