Closed-End Fund Senior Administrator

About this role

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 Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration of closed-end fund clients. You will lead the administration of complex fund structures, coordinate with internal and external service providers, oversee financial reporting and regulatory filings, and act as a trusted resource for clients and teammates. This role requires strong technical expertise, project leadership, and the ability to manage multiple priorities while maintaining a commitment to quality, compliance, and client service.

Key Responsibilities • Lead the administration of assigned closed-end fund client relationships and serve as a primary contact for operational, financial reporting, and regulatory matters. • Oversee fund expense management, budgeting activities, and analysis of operating trends against contractual agreements and fee structures. • Review and coordinate the preparation of shareholder reports, financial statements, SEC filings, and other regulatory reporting requirements in accordance with GAAP and applicable regulations. • Coordinate and review board and committee meeting materials, including presentations, supporting schedules, and governance reporting. • Monitor and review fund compliance programs to ensure adherence to regulatory requirements, investment restrictions, prospectus limitations, and applicable tax regulations. • Act as liaison among investment advisors, fund accountants, custodians, transfer agents, legal counsel, auditors, and other service providers to facilitate effective fund operations. • Lead or support complex initiatives, including fund launches, reorganizations, mergers, tender offers, rights offerings, liquidations, and other strategic projects. • Identify operational risks, recommend corrective actions, and drive process improvements to strengthen controls, efficiency, and service quality. • Coordinate internal and external audits and support regulatory examinations. • Provide technical guidance, mentoring, and training to junior team members and serve as a subject matter expert on closed-end fund administration matters. • Participate in departmental initiatives, technology enhancements, and strategic projects that improve the client and employee experience.

Basic Qualifications: • Bachelor's degree in accounting or finance, or equivalent work experience • Eight or more years of related work experience

Preferred Qualifications: • Bachelor's degree in Accounting, Finance, Business Administration, or related field.

• Extensive experience in registered fund accounting, fund administration, financial reporting, or regulatory compliance. • Strong understanding of closed-end funds, investment products, and securities markets. • Advanced knowledge of legal, regulatory, and accounting requirements applicable to registered investment companies, including the Investment Company Act of 1940 and Subchapter M of the Internal Revenue Code. • Proven ability to lead complex client relationships and manage multiple concurrent priorities. • Strong analytical, organizational, and project management skills. • Excellent written and verbal communication skills with significant client interaction. • Advanced proficiency in Microsoft Excel and other Microsoft Office applications. • Demonstrated commitment to ethics, compliance, risk management, and internal controls.

Success Factors • Exhibits strong ownership and accountability. • Builds trusted relationships with clients and business partners. • Demonstrates sound judgment and risk awareness. • Effectively mentors and develops teammates. • Drives continuous improvement and operational excellence.

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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. territori

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