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

Maintains adequate accounting and control for various accounting functions. Maintains and reconciles general ledger and subsidiary ledger accounts. Prepares financial statements and reports. Maintains and develops automated accounting systems, controls, and procedures. Prepares and develops reports for management and/or for regulatory authorities. Responds to inquiries regarding accounting policies, procedures, and issues from management, external auditors, and regulatory authorities.

Responsibilities include:

Prepare journal entries and backup documentation. Entries include:
- GL Reclasses for revenues and expenses to appropriate business lines in the standalone trust companies.
- accruals/reversals for Advisory, Custodial, Management, and other Trust Fee revenue, Nonproprietary revenue, Fund Fee revenue, and Tax Fee Revenue.
- accruals/reversals for expenses such as Outside Data Processing, Publications & Subscriptions, Platform transition, and losses.
Monitor Cash GL Accounts and Operating DDAs.
Monitor Suspense accounts. Ensure items are accounted for completely and accurately.
Participates in Accounting/Finance projects and initiatives for corporate, institutional, and personal trust.
Prepares Month End Close files and supporting documents for Trust Companies.
Identify and explain variance drivers; partner with Business Lines to understand the ebbs and flows of the Trust business.
Prepare/upload commissions data into compensation system and work with Finance, Compensation & Reporting to ensure commissions are forecasted, accrued, and paid.
Prepare monthly insurance reports, settlement documents, and reserve for captive companies and supply to the Statutory Accounting Firm. Work with Statutory Accounting Firm and Registered Agent to ensure completion and filing of all annual reports and tax returns.
Collaborate with Corporate Accounting, Trust Operations, Treasury, and Reporting partners to validate data quality and resolve issues. Communicate status, risks, and issues clearly and escalate appropriately when needed.

Basic Qualifications
- Bachelor's degree in accounting or finance, or equivalent work experience
- Five or more years of experience in financial accounting activities

Preferred Skills/Experience
- Proficient computer skills, especially Microsoft Office applications
- Considerable knowledge of Generally Accepted Accounting Principles (GAAP) and other regulations
- Considerable knowledge of accounting, reporting, and analysis
- Ability to identify and resolve exceptions and to analyze data
- CPA or CMA preferred

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. 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: $81,515.00 - $95,900.00

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.

Posting may be closed earlier due to high volume of applicants.

Senior Accountant

Job Description

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