Head of Fund Accounting - Public Funds

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 Head of Fund Accounting - Public Funds is a senior leader responsible for the strategic direction, service quality, control environment and modernization of fund accounting supporting Public Funds, including registered funds, multiple series trusts, ETFs, UCITS and other registered fund structures. The role oversees accurate and timely books and records, portfolio and class valuation, reconciliations and NAV production while building a scalable, automated and consistently controlled operating model that supports growth and increasing product complexity.  Key Responsibilities  • Leadership and client delivery: Lead the Public Funds fund accounting organization; set clear standards for accuracy, timeliness, service and accountability; serve as senior escalation point for significant accounting, valuation and NAV matters.  • NAV, accounting and controls: Oversee the end-to-end daily accounting and valuation cycle, including portfolio activity, cash, trades, positions, capital stock, income, expenses, accruals and corporate actions. Maintain strong review, approval, exception management and escalation practices.  • Valuation and product expertise: Provide governance over security pricing, valuation exceptions and complex investments. Ensure sufficient expertise across mutual funds, ETFs, derivatives, complex fixed income, multi-currency activity and other registered investment products.  • Transformation and technology: Partner with Technology, Transformation and Shared Services to increase straight-through processing, automate reconciliations and trade validation, improve data and control-center capabilities, and reduce manual processing and unnecessary handoffs.  • Operating model and scalability: Standardize processes, establish specialist capabilities where appropriate, and determine which activities can be centralized or migrated to shared-service teams without weakening controls or client service. Establish metrics for quality, productivity, exceptions and control performance.  • Risk and governance: Embed a strong risk culture; lead root-cause analysis and sustainable remediation for accounting errors, NAV-impacting events and control gaps; partner with Risk, Compliance, Audit, Tax, Fund Administration, Transfer Agency, Custody and Regulatory Reporting.  • Growth and talent: Ensure fund accounting readiness for new clients, conversions, fund launches and product expansion. Build a high-performing leadership team, strengthen succession and technical career paths, and develop the next generation of fund accounting leaders.    Basic Qualifications - Management/supervisory experience - 12 or more years of banking or other relevant experience in alternative investments industry Experience and Qualifications  • Significant senior leadership experience in fund accounting, investment accounting, asset servicing or fund administration within a large financial institution, asset manager or third-party administrator.  • Deep knowledge of NAV production, portfolio accounting, valuation, reconciliations, corporate actions, investment income, expenses, accruals and investment books and records.  • Experience supporting registered products, including mutual funds, ETFs and mult