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Mutual Fund Operations Jobs (NOW HIRING)

Fwainvest

NY · On-site

$180 - $250/hr

Own the end-to-end mutual fund operations function, including governance of securities master and trading restrictions; trade execution and settlement; corporate actions and fund event processing ...

U.S. Bank

Mutual Fund Tax Accountant II

Milwaukee, WI · On-site

$66K - $78K/yr

Join a dynamic team supporting the day-to-day financial, operational, and compliance activities of ... Job Duties: * Supports the day-to-day financial and compliance operations of a mutual fund ...

US Bank

Mutual Fund Tax Accountant II

Milwaukee, WI

$66K - $78K/yr

Join a dynamic team supporting the day-to-day financial, operational, and compliance activities of ... Job Duties: * Supports the day-to-day financial and compliance operations of a mutual fund ...

3M HEALTHCARE

Mutual Fund Accounting Analyst

Oaks, PA · Hybrid

Assemble, review and verify Mutual Fund Fee related invoices, contracts, and T/A reports Flag and ... and investment operations solutions. Reflecting our experience within financial services and ...

3M HEALTHCARE

Mutual Fund Accounting Analyst

Oaks, PA · Hybrid

Assemble, review and verify Mutual Fund Fee related invoices, contracts, and T/A reports Flag and ... and investment operations solutions. Reflecting our experience within financial services and ...

UMB Financial

Mutual Fund Accountant

Milwaukee, WI

$51K - $75K/yr

The UMB Registered Fund team manages the daily accounting, tax, audit, administration, and operational tasks for mutual fund and collective trust clients. The Registered Fund Accounting group is ...

U.S. Bank

Mutual Fund Tax Accountant I

Milwaukee, WI · On-site

$60K - $71K/yr

Join a dynamic team supporting the day-to-day financial, operational, and compliance activities of ... Supports the day-to-day financial and compliance operations of a mutual fund, exchange-traded fund ...

US Bank

Mutual Fund Tax Accountant I

Milwaukee, WI

$60K - $71K/yr

Join a dynamic team supporting the day-to-day financial, operational, and compliance activities of ... Supports the day-to-day financial and compliance operations of a mutual fund, exchange-traded fund ...

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Mutual Fund Operations information

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$60K

$89.8K

$161.5K

How much do mutual fund operations jobs pay per year?

As of Aug 31, 2026, the average yearly pay for mutual fund operations in the United States is $89,770.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,000.00 and $94,500.00 per year, depending on experience, location, and employer.

What is a mutual fund operations job?

A Mutual Fund Operations job involves overseeing the administrative, transactional, and regulatory aspects of mutual fund investments. Professionals in this role ensure smooth trade processing, fund accounting, compliance adherence, and investor servicing. They work closely with internal teams, custodians, and regulatory bodies to maintain accurate records and ensure timely settlements. This role requires strong attention to detail, knowledge of financial regulations, and proficiency in handling operational workflows. Efficient fund operations are essential for accurate fund valuations and a seamless investor experience.

What are the typical daily responsibilities in mutual fund operations?

Professionals in Mutual Fund Operations are responsible for a variety of critical tasks such as processing trades, reconciling transactions, reviewing net asset value (NAV) calculations, and ensuring compliance with industry regulations. Their day often involves close collaboration with portfolio managers, custodians, auditors, and other internal departments to resolve discrepancies and maintain accurate fund records. They may also respond to investor inquiries, assist in report generation, and support periodic audits. The role requires adaptability, as priorities can shift quickly with market activities or regulatory changes, making multitasking and proactive communication essential qualities.

What are the key skills and qualifications needed to thrive in mutual fund operations?

To thrive in Mutual Fund Operations, you need strong analytical skills, attention to detail, and a solid understanding of financial markets and investment products, often supported by a degree in finance or a related field. Familiarity with investment management software, portfolio accounting systems, and knowledge of regulations such as SEC guidelines is highly valuable, and relevant certifications like the CFA or Finra Series licenses can be advantageous. Strong organizational, problem-solving, and communication skills help you coordinate effectively across teams and resolve issues efficiently. These skills are crucial for ensuring the accuracy, compliance, and efficiency vital to successful fund management operations.

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Cities with the most Mutual Fund Operations job openings:

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Mutual Fund Operations jobs near you
Infographic showing various Mutual Fund Operations job openings in the United States as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $89,770 per year, or $43.2 per hour.

Director, US Mutual Fund Operations

Minneapolis, MN • On-site

Royal Bank of Canada
Banking and Credit Intermediation • 10K+ employees
Learn more about Royal Bank of Canadaexternal

$72K - $98K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 20 days ago

Job description

Job Description
What is the opportunity?
As the Director for US Mutual Fund Operations, you will be responsible for the financial reporting controls and oversight for the collective investment vehicles (e.g., mutual funds, closed-end funds, private investment funds) for which RBC Global Asset Management (U.S.) Inc. ("RBC GAM-US") serves as investment adviser. As an officer (Treasurer and Chief Financial Officer) of RBC Funds (U.S. open-end and closed-end mutual funds) by the Funds' Board of Trustees and as such, you will regularly meet with and provide required reporting to the Board. Additionally, you will be directly responsible for operational functions and controls, including oversight of the Funds' third-party service providers (e.g., transfer agent, custodians and fund accounting agents and administrators) for the collective investment vehicles for which RBC GAM-US serves as investment adviser.
What will you do?
  • Oversee and maintain effective controls over all aspects of fund accounting and administration, financial reporting, transfer agency and custodial operations for the RBC Funds (U.S. '40 Act mutual funds) and private investment funds advised/sponsored by RBC GAM-US
  • Serve as primary RBC Funds management contact for the Funds' external auditors and the Audit Committee of the RBC Funds Board of Trustees
  • Review and approve annual and semi-annual fund financial statements and shareholder reports
  • Review and sign all RBC Funds federal income, state income and federal excise tax returns. Maintain certain tax calculations/schedules (e.g., deemed dividends, PFICs, etc.) used in the preparation of tax returns
  • Manage all fund expense budgets; review and authorize expense payments
  • Provide management reporting regarding RBC GAM-US revenues generated by the Funds, as well as revenue/expense forecasting for use in firm and product profitability projections and product management decisions
  • Manage the annual insurance renewal process for the RBC Funds
  • Manage annual renewal of funds' line of credit facilities with custodians. Request and/or approve borrowing under such facilities
  • Oversee and manage relationships with third-party entities providing accounting, administrative, shareholder servicing, custodial and distribution services to the mutual funds and private investment funds. Conduct regular onsite due diligence and participate in periodic calls with firms' relationship management teams
  • Responsible for policies, procedures and controls related to fund net asset value calculations and the pricing/valuation of portfolio securities held by the funds. Lead the Funds' Pricing Committee and provide all related reporting to the RBC Funds' Board of Trustees
  • As Treasurer and CFO of the RBC Funds, provide regular and ad-hoc reporting to the RBC Funds Board of Trustees, including but not limited to all fund accounting and financial matters; fund audits; security pricing and valuation; voting of proxy ballots received for securities held by the Funds; fund insurance; payments to financial intermediaries under Rule 12b-1 plan and shareholder servicing plans; and other fund operational matters
  • Oversee the preparation of and approve various monthly, quarterly and annual regulatory filings for the RBC Funds, including Forms N-CSR, N-PORT, N-CEN, N-MFP, 24f-2, 40-17G and N-PX
  • Manage and oversee custodial relationships and processes for mutual and private funds
  • Complete and execute required documentation to open global custodial and trading accounts for all funds. Update as needed for changes in fund names, structures, etc. and to renew foreign investor registrations as applicable
  • Provide all required documentation for tax treaty and tax reclaim purposes to ensure funds receive beneficial tax withholding treatment
  • Manage and oversee all fund operational aspects of fund and ETF related projects and initiatives (e.g., new product launches, liquidations, service provider changes, operational improvements and enhancements)
  • Review and provide comments/edits for assigned sections of draft fund registration statements and supplements

What do you need to succeed?
Must-have
  • Bachelor's degree in finance, accounting, business or related field
  • Significant experience in the asset management and mutual funds industry
  • Working knowledge of fixed income and equity securities
  • Experience dealing with mutual fund operational matters, including transfer agency and custodial functions
  • Proficiency working with technology and AI to improve processes and productivity
  • Excellent communication and presentation skills
  • Effective interpersonal and people management skills
  • Broad knowledge of business principles and thorough understanding of compliance and legal matters
  • High level of drive and initiative mixed with ability to deal with multiple stakeholders
  • Astute financial management skills and ability to respond in a rapidly changing operating environment
  • An understanding of the sense of urgency associated with the management and operation of registered investment companies
  • Strong ability to interact with all levels of staff across departments and functions. Must be able to maintain relationships that will relate to the overall success of the established firm goals
  • Strong time management and organizational skills with the ability to handle multiple projects on an ongoing basis in a fast paced and ever-changing work environment

Nice-to-have
  • Previous experience interacting with auditors and regulators
  • Previous experience interacting with senior management and boards of directors/trustees
  • Operations experience with ETFs

What's in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
  • A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
  • Leaders who support your development through coaching and managing opportunities.
  • Ability to make a difference and lasting impact.
  • Work in a dynamic, collaborative, progressive, and high-performing team.
  • Opportunities to do challenging work.
  • Opportunities to build close relationships with clients.

The expected salary range for this particular position is $140,000-$230,000, depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
  • Drives RBC's high-performance culture
  • Enables collective achievement of our strategic goals
  • Generates sustainable shareholder returns and above market shareholder value

Job Skills
Accounting, Asset Management, External Stakeholder Management, Finance, Financial Reports, Funds Administration, Funds Management, Investment Funds, Investment Management, Process Enhancement, Public Accounting, Stakeholder Management, Taxes
Additional Job Details
Address:
250 NICOLLET MALL:MINNEAPOLIS
City:
Minneapolis
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
WEALTH MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2026-08-11
Application Deadline:
2026-08-31
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

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