Current Statistics
1,748,663 Total Jobs 393,294 Jobs Today 17,936 Cities 222,695 Job Seekers 146,729 Resumes |
|
|
|
|
|
|
Fund Administration Associate - Boston Massachusetts
Company: CFA Institute Location: Boston, Massachusetts
Posted On: 05/03/2024
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. WHAT YOU WILL DO - 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. WHAT WE ARE LOOKING FOR REQUIRED:
- Bachelor's degree, preferably with a concentration in accounting or other related financial discipline 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. PREFERRED:
- Experience working in a diverse environment where production, controls, and deadlines are required.
- Knowledge of the generally accepted accounting principles, the Internal Revenue Code section on mutual funds, tax preparation experience or the Investment Company Act is desirable.
- Strong analytical, organizational, and written and verbal communication skills.
- Experience or familiarity with MS Excel. At MFS, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role but your past experience doesn't align perfectly, we encourage you to apply - you might be just the right candidate for this role or others. What we offer:
|
|
|
|
|
|
|