Mutual Fund Accounting Operations Specialist (Corporate Actions)

Mutual Fund Accounting Operations Specialist 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 atall from Day One. The Mutual Fund Accounting Operations Specialist is responsible for the research, interpretation, validation, and application of corporate action events impacting registered mutual funds and exchange-traded funds (ETFs). This role serves as a subject matter expert for corporate actions, ensuring all voluntary and mandatory events are accurately analyzed, processed, and reflected within fund accounting systems in accordance with established procedures, regulatory requirements, and client expectations. The specialist performs comprehensive reviews of corporate action announcements from multiple sources, evaluates the impact of events on fund portfolios, and applies the appropriate accounting treatment. Responsibilities include processing events such as cash dividends, mergers, acquisitions, tender offers, rights offerings, spin-offs, stock splits, reverse splits, return of capital distributions, capital gains distributions, name changes, symbol changes, and other complex security reorganizations. This position requires strong analytical and problem-solving skills to research discrepancies, resolve exceptions, mitigate operational risk, and ensure timely and accurate processing. The specialist collaborates with portfolio managers, custodians, pricing vendors, fund accounting teams, and other business partners to investigate issues, communicate event impacts, and drive resolution of complex corporate action scenarios. The role is also responsible for maintaining procedural documentation, identifying process improvement opportunities, supporting audit and control requirements, and contributing to a high-quality operational environment that supports the growth and evolving needs of registered mutual fund and ETF products.

Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by lawU.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. 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).