Registered Fund Accounting Onboarding & Controls 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 at—all from Day One.

Job Description

We are seeking an experienced Registered Fund Accounting professional to support the Project and Risk Team by ensuring consistent onboarding, knowledge transfer, and control execution across Registered Fund Accounting.

This role will be responsible for guiding new Registered Fund Accountants through a structured two-week onboarding period focused on core fund accounting fundamentals, hands-on execution, and control awareness. The position will partner closely with Fund Accounting leadership to reduce operational risk, accelerate readiness, and promote consistent application of standard processes.

In this position you will:

• Lead structured onboarding for all new Registered Fund Accountants during an initial two-week period, focused on core fund accounting principles, workflows, and controls.
• Deliver foundational instruction on Registered Fund Accounting processes, including NAV production, cash and position reconciliations, income, expenses, corporate actions, and control expectations.
• Provide hands-on guidance by demonstrating fund accounting processes, then observing and reviewing new hires as they independently perform fund accounting responsibilities for assigned funds.
• Partner with new Fund Accountants during live fund processing to reinforce accuracy, control awareness, and adherence to standard procedures.
• Serve as a subject matter resource to answer questions, clarify processes, and ensure understanding of downstream impacts and risk considerations.
• Identify recurring onboarding challenges, control gaps, or process inconsistencies and escalate trends to the Project and Risk Team and Fund Accounting leadership.
• Collaborate with Project and Risk initiatives related to control design, process improvements, documentation updates, and readiness for audits or reviews.

Schedule: Monday through Friday from 8:30 am to 5:30 pm (CT)

Basic Qualifications:

- Bachelor's degree in accounting or finance, or equivalent work experience

- Three or more years of experience in accounting or finance activities

We are excited to talk with you if you have:

- Three or more years of Fund Accounting experience, preferably with a variety of fund types

- Experience mentoring others, taking on new projects and initiatives, and assisting others in a dynamic teamwork environment

- Thorough knowledge of accounting, reporting, and analysis

- Ability to identify and resolve exceptions and to analyze data

- Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

This role requires working from a U.S. Bank location three (3) or more days per week.

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