Business Operations Analyst
U.S. Bank
IT, Sales & Business Development, Operations
Harrisburg, PA, USA
USD 66,640-78,400 / year + Equity
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
U.S. Bancorp Asset Management, Inc. (USBAM) is an SEC-registered investment adviser providing investment advisory services across a diverse range of products, including registered investment companies, private funds, and separately managed accounts. As of September 30, 2025, USBAM manages more than $402 billion in assets across fixed income, OCIO, LGIPS, and fund strategies.
The Portfolio Analyst role sits within the Portfolio Administration team and plays a key role in daily account reconciliation, reporting, and client service support. The ideal candidate will demonstrate strong attention to detail, a solid foundation in reconciliation, and well-developed analytical, technical, and communication skills.
Key Responsibilities:
Perform daily reconciliation of accounts and cash balances; investigate and resolve discrepancies and overdrafts
Complete internal and external client requests and support the firm’s RFP processes
Produce ongoing and ad hoc reporting as needed
Establish new accounts, process account terminations, and manage asset transfers
Prepare and deliver customized client reporting on a daily, weekly, monthly, and quarterly basis
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Collaborate closely with custodians, trade support, portfolio managers, and client service teams to resolve issues and support operational processes
Basic Qualifications
- Bachelor’s degree, or equivalent work experience
- Typically four or more years of related experience
Preferred Skills/Experience
Bachelor’s degree required; preferred areas of study include Mathematics, Statistics, Finance, or a related field
Demonstrated understanding of investment concepts, portfolio accounting, security types, accruals, and the impact of transactions on performance
Strong technical proficiency with Microsoft Office applications, particularly Excel and Word
Excellent analytical, problem-solving, and organizational skills
Ability to collaborate effectively within a team environment while also working independently to produce scheduled and ad hoc reports; capable of managing multiple priorities concurrently
Self-motivated with a strong willingness to learn and the ability to drive projects through to completion
Experience with trust and fiduciary systems, operations, and investment platforms
Familiarity with SS&C Sylvan and SS&C PORTIA strongly preferred; experience with Clearwater and Bloomberg is also highly desirable
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: $66,640.00 - $78,400.00U.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.