U.S. Bank
Boston, MA
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.
U.S. Bank Global Fund Services is seeking a future team member for the role of Reconciliation Specialist to support our Fund Accounting team.
The Reconciliation Specialist will perform daily reconciliations of fund-level cash, positions, to ensure accuracy and completeness of records within the fund accounting system. They will identify differences, investigate root causes, process appropriate entries or corrections, and retain support to demonstrate that issues were resolved accurately and timely.
The role partners closely with reviewers, Fund Accounting teams, and audit partners by providing clear documentation, explanations, and archived support in accordance with internal control standards and audit expectations.
Key Responsibilities
Prepare and complete daily cash, position, and portfolio transaction reconciliations for assigned funds.
Identify reconciling differences and perform research to determine root cause.
Process required transactions, adjustments, or corrections into the fund accounting system in accordance with documented procedures.
Provide clear explanations and retained support for reviewers to verify accuracy, completeness, and timeliness.
Maintain organized reconciliation packets and supporting documentation to ensure audit-readiness.
Archive reconciliation and supporting evidence in approved repositories for internal and external audit use.
Escalate unresolved or aged items in accordance with established escalation protocols.
Adhere to internal controls, documentation standards, and retention policies.
Support internal and external audit support tickets, including evidence gathering and walkthrough preparation.
Cross-train on multiple reconciliation types (cash, positions, portfolio activity) to provide coverage during absences or peak workloads.
Participate in process improvement, documentation enhancement, or control strengthening initiatives as assigned.
Basic Qualifications
Experience supporting registered fund operations and reconciliation processes.
Strong analytical, troubleshooting, and critical-thinking skills.
Ability to manage multiple priorities while meeting daily deadlines.
Detail-oriented with a strong commitment to accuracy, documentation, and control compliance.
Demonstrates integrity, accountability, and sound judgment.
Effectively uses time, systems, and information to resolve issues efficiently.
Communicates clearly and concisely, both written and verbally.
Actively listens and collaborates with partners to achieve understanding and resolution.
Adapts priorities in response to changing workloads, new information, or unexpected issues.
Builds effective working relationships in both routine and high-pressure situations.
This position is not eligible for visa sponsorship.
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
.
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:
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.
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.
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). Pay Range: $73,780.00 - $86,800.00
U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.