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 Senior Accountant supports the bank's corporate, institutional, and personal trust businesses by managing and analyzing complex balance sheet and fee income activities. This role is responsible for preparing or reviewing and approving journal entries and month-end close documentation submitted by team members, preparing financial statements and board slides for standalone trust companies while providing insightful reporting to Trust Business Line leaders and delivering impactful contributions for operational efficiency. The ideal candidate will be able to learn and take on challenges in a fast-paced environment. The position requires a high degree of autonomy and self-direction, with the ability to take initiative and deliver results independently. Successful performance in this role offers potential for advancement into a management or leadership position.
Key Responsibilities
Prepares or reviews and approves journal entries and backup documentation submitted by peers. 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.
Monitors the integrity of the balance sheet and ensures completeness and accuracy of receivables, payables, and suspense accounts.
Prepares and/or reviews Month End Close files and supporting documents for 3 Trust Companies.
Identify and explain variance drivers; partner with Business Lines to understand the ebbs and flows of the Trust business.
Prepares monthly and quarterly financial statements and board materials for 3 Trust Companies.
Lead projects and Accounting/Finance initiatives for Global Corporate Trust
Assists in the drafting of process narrative, control documentation, and supporting procedures. Ensure accounting activities align with established policies, standards, and control expectations.
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.
Mentor staff, train new hires, introduce processes and templates to gain efficiencies
Basic Qualifications
Bachelor's degree in accounting or finance, or equivalent work experience
Five to eight years of experience in financial accounting activities
Preferred Skills/Experience
Advanced Excel skills and experience with financial systems. Power BI, Power Query, Power Automate, SQL, Copilot skills preferred.
Strong communication skills with ability to collaborate across departments.
High attention to detail, organizational skills, and ability to manage multiple priorities.
Strong analytical and problem-solving skills with ability to present complex financial information to non-financial stakeholders.
Ability to take initiative, self-direct, and work independently.
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.
INDMO
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 (https://careers.usbank.com/global/en/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 (https://careers.usbank.com/global/en/benefits/us) .
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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .
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: $86,360.00 - $101,600.00
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.
