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U.S. Bank Mutual Funds Administrator in Milwaukee, Wisconsin

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Job Description

The Fund Administration practice of U.S. Bank Global Fund Services, LLC (GFS) provides value-added services to a robust and rapidly growing client base, which includes mutual funds, hedge funds, private equity funds, offshore funds and other investment companies.

In today’s complex and dynamic legal and regulatory environment, clients demand to be serviced by tax professionals who understand the industry, investments and client goals. GFS tax professionals are seen as trusted advisors to clients and accounting firms to develop and implement innovative tax planning solutions that optimize tax strategies and positions, as well as identify and mitigate risk.

The Tax Analyst works as part of a team responsible for providing value-added services to investment companies and investment advisers. The tax team works with clients and independent auditors to prepare federal and state tax returns and monitor the funds’ income and capital gain distributions.

Key Responsibilities

  • Prepare IRS Forms 1120-RIC, 8613, 1120, 1065 and Schedule K-1s along with any required state and local tax Forms. Coordinate the distribution of necessary tax forms and supporting schedules to investors/partners.

  • Prepare mutual fund taxable income calculations, including book-to-tax differences for fiscal and excise tax purposes.

  • Prepare dividend distribution calculations.

  • Prepare taxable income for hedge funds and investment partnerships and allocate to partners.

  • Set-up new partnerships and partners in the tax return preparation software.

  • Calculate monthly, quarterly, semi-annual and / or annual federal, and if applicable, state estimated tax payments.

  • Prepare income and capital gain/loss estimates, including book-to-tax differences as requested by client.

Basic Qualifications

  • Bachelor's degree in accounting, finance or related field

  • CPA certified or candidate

  • One to two years of experience in Mutual Fund Administration or related field, i.e., public accounting

Preferred Skills/Experience

  • General understanding of legal, regulatory and accounting principles in investment management industry a plus.

  • Flexibility with work hours as required in supporting the clients’ needs.

  • Demonstrates ethics and integrity, adhering to GFS’ core values. Holds others accountable for upholding ethics and values.

  • Is a team-oriented professional, interacting collaboratively with team members and others throughout the organization.

  • Shows initiative, including eagerness to work on projects.

  • Produces high-quality work that is accurate and thorough, with attention to detail.

  • Demonstrates effective work habits and organizational skills by prioritizing and planning, with the ability to handle multiple tasks simultaneously and adapt to changing client priorities and regulatory requirements.

  • Shows a commitment to learning through professional development and growth, continually expanding his / her knowledge base and expertise in his / her practice area.


Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.

Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers (https://www.usbank.com/careers/index.html) .

EEO is the Law

Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) poster.


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 (https://www.usbank.com/careers/verification-of-eligibility-for-employment.html) .

Our 74,000 employees work across departments to help our millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world turn their dreams into reality. Our employees are empowered to create change and drive our future, and we pride ourselves on diligently and ethically upholding U.S. Bank’s best-in-class financial record and legacy of more than 150 years in banking. Most importantly, we put people first, cultivating and treasuring meaningful relationships with the customers we serve, the colleagues we support and the communities where we live and work.