Fund Administration Analyst

MFS Investment Management • Boston, MA

1d • $54,000 - $78,000 • Hybrid

About The Position

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters – to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures. THE ROLE Using discretion and judgment under the direction of an Assistant Treasurer, Fund Treasury Manager and Fund Treasury Supervisor performs dividend, expense, product, and securities lending related work with respect to an assigned number of mutual funds. In addition, the applicant will assist in the preparation of various Fund Treasury initiatives including preparation of financial statements, board materials and distribution activities. Working with the management team, helps to assure that the unit meets or exceeds client and department service expectations. Assist with and complete supervisor responsibilities in the absence of the supervisor. Assist in updating or drafting new policies and procedures. Support and assist in training of new staff.

Requirements

• Bachelor’s degree or equivalent experience in the Mutual Fund or Securities Industry.
• Minimum of 0-2 years’ experience in fund accounting, or administrative areas of the investment advisor, auditing firm or custodian bank.

Nice To Haves

• Bachelor’s degree, preferably with a concentration in accounting or other related financial discipline or equivalent experience in the Mutual Fund or Securities Industry

Responsibilities

• Prepare and monitor fixed and asset based fees, expense caps, fund expense ratios, expense budgets, and additional deliverables as needed.
• Provide support and review of regulatory reporting requirements to financial reporting and legal departments surrounding financial statement and prospectus filings.
• Discuss fund accounting issues with auditors, compliance and custodian bank personnel if needed.
• Assist in product initiative tasks surrounding fund and share class mergers, launches and closings and in-kind transactions.
• Prepare dividend distribution rates for review by Accounting Manager. Ensure communication of dividend rates, via Press Releases and Daily Rate Memos, is completed in a timely fashion.
• Provide securities lending oversight by reviewing daily reports from lending agents. Items monitored include collateral levels, approved borrowers, and lending limitations.
• Monitor daily As-of Capstock activity, money market yields, and support the defaulted bond tracking process and communicate any necessary adjustments to the custodian bank.

Benefits

• MFS contributes an amount equal to 15% of your base salary to your retirement account that is separate from the company -sponsored 401(k)
• Education Assistance: MFS contributes $100 monthly up to $10,000 lifetime maximum directly to loan provider
• Education Assistance: Tuition reimbursement up to $8,000 annually
• Education Assistance: Access to discounted tutors and college coaches
• Generous time off and fully paid leaves including 20-weeks for maternity, 12-weeks for parental and caregiver leaves
• Choice of medical and dental plans and an and an employer contribution into the Health Savings Account
• Tax deferred commuter benefits & flexible spending accounts (medical & dependent care)
• Wellness Programs: Robust wellness webinars, employee assistance program with a focus on mental health, subsidized fitness benefit via Wellhub (formerly Gympass), where you can workout at gyms, studios and boutique fitness locations near you, join virtual personal training sessions and access a wide variety of well-being apps

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 1,001-5,000 employees