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
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/Review 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/Review mutual fund taxable income calculations, including book-to-tax differences for fiscal and excise tax purposes.
- Prepare/Review dividend distribution calculations.
- Prepare/Review 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/Review income and capital gain/loss estimates, including book-to-tax differences as requested by client.
Basic Qualifications
- Bachelor's degree in accounting or finance, or equivalent work experience.
- Five to seven years of related work experience.
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.
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.
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 (some may vary based on role, location or hours):
- 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
EEO is the Law
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.
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.
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