Cash Management Associate

MFS Investment Management • Boston, MA

1d • $50,000 - $71,500 • Hybrid

About The Position

The Cash Management Associate processes capital stock reporting and cash forecasting for investment personnel, prepares reporting for institutional clients, and provides operational support to clients, custodians, and MFS investment personnel. The associate ensures investment and client account activity is processed and recorded accurately, follows established procedures, and completes assigned daily cash management activities in a timely manner.

The role supports daily cash management, liquidity forecasting, and fund movements; contributes to process and service improvements; researches operational issues; and prepares accurate reports for internal and external audiences. The associate also coordinates routine daily work with offshore hub team members and shares process knowledge through onboarding and cross-training support.

Requirements

• Bachelor's degree or equivalent.
• 0–2+ years of experience in financial services and/or investment and trading operations preferred.
• Proven ability to perform job responsibilities effectively in a demanding environment.
• Attention to detail and accuracy.
• Strong oral and written communication skills.
• Ability to multitask and prioritize competing demands.
• Strong organizational and interpersonal skills.
• Proficiency in Microsoft Excel.

Nice To Haves

• Prior custodian bank experience.

Responsibilities

• Monitor cash positions, assist with liquidity forecasts, and process timely movements of funds between accounts.
• Participate in departmental and cross-functional initiatives to improve processes, enhance client service, and reduce operational risk.
• Follow established cash management policies and procedures and provide the manager with input on potential updates based on day-to-day processing experience.
• Identify and communicate opportunities to use technology or process improvements to reduce manual work and increase efficiency.
• Research operational and administrative issues, escalate complex matters as appropriate, and assist with implementing approved resolutions.
• Prepare reports and review information for accuracy and completeness before distribution to internal and external audiences.
• Coordinate with offshore hub team members on assigned daily activities, respond to routine questions, and escalate exceptions when needed.
• Share process knowledge and support onboarding or cross-training activities as requested.
• Process capital stock reporting and cash forecasting for investment personnel.
• Provide operational support to clients, custodians, and MFS investment personnel, ensuring investment and client account activity is accurately processed and recorded.

Benefits

• Competitive incentive bonus based on individual and company performance.
• MFS contributes an amount equal to 15% of base salary to a retirement account, separate from the company-sponsored 401(k).
• Education assistance: $100 monthly contribution toward a loan provider, up to a $10,000 lifetime maximum.
• Tuition reimbursement up to $8,000 annually.
• Access to discounted tutors and college coaches.
• Generous time off and fully paid leaves, including 20 weeks for maternity leave and 12 weeks for parental and caregiver leaves.
• Choice of medical and dental plans, with an employer contribution to a Health Savings Account.
• Tax-deferred commuter benefits and flexible spending accounts for medical and dependent care expenses.
• Wellness programs, including webinars, an employee assistance program with a mental health focus, a subsidized fitness benefit through Wellhub, virtual personal training, and well-being apps.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level