Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration ...
Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration ...
Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration ...
Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration ...
Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration ...
Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration ...
Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration ...
Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration ...
Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration ...
Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration ...
Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration ...
Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration ...
Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration ...
Position Summary As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration ...
Own fund-level portfolio strategy across closed-end vehicles, including portfolio construction, allocation, diversification, and capital deployment pacing across the lifecycle * Establish and monitor ...
Own fund-level portfolio strategy across closed-end vehicles, including portfolio construction, allocation, diversification, and capital deployment pacing across the lifecycle * Establish and monitor ...
Portfolio Manager - Closed End Fund Series
Chicago, IL · On-site
$200 - $250/hr
Own fund-level portfolio strategy across closed-end vehicles, including portfolio construction, allocation, diversification, and capital deployment pacing across the lifecycle * Establish and monitor ...
Portfolio Manager - Closed End Fund Series
Chicago, IL · On-site
$200 - $250/hr
Own fund-level portfolio strategy across closed-end vehicles, including portfolio construction, allocation, diversification, and capital deployment pacing across the lifecycle * Establish and monitor ...
You will oversee venture capital and closed-end fund operations, including capital calls, distributions, and NAV validation, while coordinating with fund administrators and auditors. The role spans ...
You will oversee venture capital and closed-end fund operations, including capital calls, distributions, and NAV validation, while coordinating with fund administrators and auditors. The role spans ...
You will oversee venture capital and closed-end fund operations, including capital calls, distributions, and NAV validation, while coordinating with fund administrators and auditors. The role spans ...
You will oversee venture capital and closed-end fund operations, including capital calls, distributions, and NAV validation, while coordinating with fund administrators and auditors. The role spans ...
Fund Controller
Manhattan, NY · Hybrid
You will oversee venture capital and closed-end fund operations, including capital calls, distributions, and NAV validation, while coordinating with fund administrators and auditors. The role spans ...
Fund Controller
Manhattan, NY · Hybrid
You will oversee venture capital and closed-end fund operations, including capital calls, distributions, and NAV validation, while coordinating with fund administrators and auditors. The role spans ...
Fund Controller
Manhattan, NY · Hybrid
You will oversee venture capital and closed-end fund operations, including capital calls, distributions, and NAV validation, while coordinating with fund administrators and auditors. The role spans ...
Fund Controller
Manhattan, NY · Hybrid
You will oversee venture capital and closed-end fund operations, including capital calls, distributions, and NAV validation, while coordinating with fund administrators and auditors. The role spans ...
VP, Fund Accounting
Los Angeles, CA · On-site
Oversee the accounting and financial reporting for multiple closed-end funds and separate accounts * Supervise and mentor Accounting Managers responsible for day-to-day fund accounting activities
VP, Fund Accounting
Los Angeles, CA · On-site
Oversee the accounting and financial reporting for multiple closed-end funds and separate accounts * Supervise and mentor Accounting Managers responsible for day-to-day fund accounting activities
Vice President, Closed-end Fund Accounting
Los Angeles, CA · On-site
$160K - $225K/yr
... closed-end funds and separate accounts within the Private Equity Strategies. Additional ... Reviewing calculations of fund and client specific performance; * Reviewing consolidated fund ...
Vice President, Closed-end Fund Accounting
Los Angeles, CA · On-site
$160K - $225K/yr
... closed-end funds and separate accounts within the Private Equity Strategies. Additional ... Reviewing calculations of fund and client specific performance; * Reviewing consolidated fund ...
Vice President, Closed-end Fund Accounting
Los Angeles, CA · On-site
$160K - $225K/yr
... closed-end funds and separate accounts within the Private Equity Strategies. Additional ... Reviewing calculations of fund and client specific performance; * Reviewing consolidated fund ...
Vice President, Closed-end Fund Accounting
Los Angeles, CA · On-site
$160K - $225K/yr
... closed-end funds and separate accounts within the Private Equity Strategies. Additional ... Reviewing calculations of fund and client specific performance; * Reviewing consolidated fund ...
This person will sit on the asset management team with primary responsibility for Galaxy's venture capital and closed-end fund products, with the opportunity to broaden their responsibilities and ...
This person will sit on the asset management team with primary responsibility for Galaxy's venture capital and closed-end fund products, with the opportunity to broaden their responsibilities and ...
You will oversee venture capital and closed-end fund operations, including capital calls, distributions, and NAV validation, while coordinating with fund administrators and auditors. The role spans ...
You will oversee venture capital and closed-end fund operations, including capital calls, distributions, and NAV validation, while coordinating with fund administrators and auditors. The role spans ...
This person will sit on the asset management team with primary responsibility for Galaxy's venture capital and closed-end fund products, with the opportunity to broaden their responsibilities and ...
This person will sit on the asset management team with primary responsibility for Galaxy's venture capital and closed-end fund products, with the opportunity to broaden their responsibilities and ...
You will oversee venture capital and closed-end fund operations, including capital calls, distributions, and NAV validation, while coordinating with fund administrators and auditors. The role spans ...
You will oversee venture capital and closed-end fund operations, including capital calls, distributions, and NAV validation, while coordinating with fund administrators and auditors. The role spans ...
Closed End Fund information
See salary details
$24.5K - $36K
5% of jobs
$36K - $47.5K
6% of jobs
$47.5K - $59K
5% of jobs
$59K - $70.5K
5% of jobs
$74K is the 25th percentile. Wages below this are outliers.
$70.5K - $82K
9% of jobs
$82K - $93.5K
15% of jobs
The median wage is $94.9K / yr.
$93.5K - $105K
31% of jobs
$105K - $116.5K
4% of jobs
$116.5K - $128K
6% of jobs
$128K - $139.5K
6% of jobs
$139.5K - $151K
6% of jobs
$24.5K
$94K
$151K
How much do closed end fund jobs pay per year?
As of Sep 8, 2026, the average yearly pay for closed end fund in the United States is $93,966.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,500.00 and $114,000.00 per year, depending on experience, location, and employer.
What is a closed-end fund?
Closed-end funds are a type of investment fund that raises a fixed amount of capital through an initial public offering (IPO) and then lists its shares for trading on a stock exchange. Unlike open-end mutual funds, closed-end funds do not issue or redeem shares on demand; instead, shares are bought and sold in the market at prices that may differ from the fund's net asset value (NAV). These funds often focus on specific sectors or strategies and can use leverage to enhance returns, but this can also increase risk. Investors should be aware that share prices can fluctuate based on market demand, supply, and the underlying value of the fund's holdings.
What are the typical responsibilities of a professional working with closed-end funds?
Professionals managing closed-end funds are often responsible for portfolio analysis, monitoring fund performance, and ensuring regulatory compliance. They collaborate closely with investment analysts, portfolio managers, and compliance officers to make strategic investment decisions and maintain accurate reporting. Day-to-day tasks may also include communicating with shareholders, preparing financial statements, and staying up-to-date with market trends relevant to the fund’s investment strategy. This role requires strong analytical skills, attention to detail, and the ability to work effectively within a team-oriented environment.
What are the key skills and qualifications needed to thrive as a closed-end fund manager, and why are they important?
To thrive as a Closed-End Fund Manager, you need a strong background in finance, investment analysis, and portfolio management, typically supported by a bachelor's or master's degree in finance or a related field and relevant certifications like the CFA. Familiarity with financial modeling software, Bloomberg Terminal, and regulatory compliance systems is essential. Strong analytical thinking, decision-making abilities, and effective communication are vital soft skills for standing out in this role. These skills are crucial for making sound investment decisions, managing risk, and maintaining investor confidence in a competitive market.
What is the difference between Closed End Fund vs Mutual Fund?
| Aspect | Closed End Fund | Mutual Fund |
|---|---|---|
| Pricing | Trades on stock exchanges at market prices, which can be above or below NAV | Priced once daily at NAV |
| Liquidity | High, traded throughout the trading day | High, bought and sold at end-of-day NAV |
| Fund Structure | Fixed number of shares, actively traded | Unlimited shares, continuously issued and redeemed |
| Investment Focus | Typically more specialized or niche | Broad, diversified portfolios |
Closed End Funds and Mutual Funds differ mainly in trading, pricing, and structure. Closed End Funds trade on stock exchanges with market prices, while Mutual Funds are priced at NAV once daily. Understanding these differences helps investors choose the right investment vehicle based on liquidity and trading preferences.
What does a closed end fund do?
A closed end fund is an investment company that raises a fixed amount of capital through an initial offering and then trades shares on the stock market. It invests in a diversified portfolio of securities and can trade at a premium or discount to its net asset value, requiring knowledge of market pricing and investment strategies. Job roles in this field often involve analyzing fund performance, managing portfolios, and understanding market trends.
More about Closed End Fund jobs
What are the most commonly searched types of Closed End Fund jobs?
The most popular types of Closed End Fund jobs are:
What job categories do people searching Closed End Fund jobs look for?
The top searched job categories for Closed End Fund jobs are:
- Alternative Investment Sales
- External Investment Wholesaler
- Fund Administration Associate
- Temporary Millennium Hedge Fund
- Alternative Investment Manager
- Vice President External Wholesaler Alternative Investments
- Executive Investment Stewardship
- Strategic Investment
- Internship Energy Hedge Fund
- Overnight Charles Schwab
Full-time
Medical, Dental, Vision, Life, Retirement, PTO
Posted 25 days ago
Key responsibilities
Lead the administration of assigned closed-end fund client relationships and serve as a primary contact for operational, financial reporting, and regulatory matters.
Oversee fund expense management, budgeting activities, and analysis of operating trends against contractual agreements and fee structures.
Review and coordinate the preparation of shareholder reports, financial statements, SEC filings, and other regulatory reporting requirements in accordance with GAAP and applicable regulations.
U.S. Bank rating
8.1
Based on 364 frontline employees who took The Breakroom Quiz
67th of 176 rated banks
Job description
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 DescriptionPosition Summary
As a Closed-End Fund Senior Administrator, you will serve as a senior member of a servicing team responsible for the day-to-day financial, regulatory, and governance administration of closed-end fund clients. You will lead the administration of complex fund structures, coordinate with internal and external service providers, oversee financial reporting and regulatory filings, and act as a trusted resource for clients and teammates. This role requires strong technical expertise, project leadership, and the ability to manage multiple priorities while maintaining a commitment to quality, compliance, and client service.
Key Responsibilities
- Lead the administration of assigned closed-end fund client relationships and serve as a primary contact for operational, financial reporting, and regulatory matters.
- Oversee fund expense management, budgeting activities, and analysis of operating trends against contractual agreements and fee structures.
- Review and coordinate the preparation of shareholder reports, financial statements, SEC filings, and other regulatory reporting requirements in accordance with GAAP and applicable regulations.
- Coordinate and review board and committee meeting materials, including presentations, supporting schedules, and governance reporting.
- Monitor and review fund compliance programs to ensure adherence to regulatory requirements, investment restrictions, prospectus limitations, and applicable tax regulations.
- Act as liaison among investment advisors, fund accountants, custodians, transfer agents, legal counsel, auditors, and other service providers to facilitate effective fund operations.
- Lead or support complex initiatives, including fund launches, reorganizations, mergers, tender offers, rights offerings, liquidations, and other strategic projects.
- Identify operational risks, recommend corrective actions, and drive process improvements to strengthen controls, efficiency, and service quality.
- Coordinate internal and external audits and support regulatory examinations.
- Provide technical guidance, mentoring, and training to junior team members and serve as a subject matter expert on closed-end fund administration matters.
- Participate in departmental initiatives, technology enhancements, and strategic projects that improve the client and employee experience.
Basic Qualifications:
- Bachelor's degree in accounting or finance, or equivalent work experience
- Eight or more years of related work experience
Preferred Qualifications:
- Bachelor's degree in Accounting, Finance, Business Administration, or related field.
- Extensive experience in registered fund accounting, fund administration, financial reporting, or regulatory compliance.
- Strong understanding of closed-end funds, investment products, and securities markets.
- Advanced knowledge of legal, regulatory, and accounting requirements applicable to registered investment companies, including the Investment Company Act of 1940 and Subchapter M of the Internal Revenue Code.
- Proven ability to lead complex client relationships and manage multiple concurrent priorities.
- Strong analytical, organizational, and project management skills.
- Excellent written and verbal communication skills with significant client interaction.
- Advanced proficiency in Microsoft Excel and other Microsoft Office applications.
- Demonstrated commitment to ethics, compliance, risk management, and internal controls.
Success Factors
- Exhibits strong ownership and accountability.
- Builds trusted relationships with clients and business partners.
- Demonstrates sound judgment and risk awareness.
- Effectively mentors and develops teammates.
- Drives continuous improvement and operational excellence.
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 ourdisability 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 theE-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: $86,360.00 - $101,600.00U.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.
What U.S. Bank employees say
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About U.S. Bank
Sourced by ZipRecruiter
U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.
Industry
Banking and credit intermediation
Company size
10,000+ Employees
Headquarters location
Minneapolis, MN, US
Year founded
1863