Fund Administration Associate
Company: CFA Institute
Location: Boston
Posted on: May 2, 2024
Job Description:
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:
- Generous time-off provided: including "Responsible time off"
for many roles, paid company holidays when the US Stock Exchange is
closed, plus paid volunteer time
- Family Focus: Up to 20 weeks of paid leave for new parents,
back-up care program, dependent care flexible spending account,
adoption assistance, generous caregiver leave
- Health and Welfare: Competitive medical, vision and dental
plans, plus tax-free health savings accounts with company
contributions
- Wellness Programs: Robust wellness webinars, employee
assistance program, gym reimbursement through our medical plans,
fitness center discounts and more
- Life & Disability Benefits: Company-paid basic life insurance
and short-term disability
- Financial Benefits: 401(k) savings plan, Defined Contribution
plan- 15% of base salary invested into the Plan, competitive total
compensation programs Applicants must be currently authorized to
work in the United States on a full-time basis. This position is
not eligible for sponsorship. MFS is a hybrid work environment
(remote/onsite) unless otherwise stated in the job posting . If any
applicant is unable to complete an application or respond to a job
opening because of a disability, please contact MFS at 617-954-5000
or email talent_acquisition@mfs.com for assistance. MFS is an
Affirmative Action and Equal Opportunity Employer and it is our
policy to not discriminate against any employee or applicant for
employment because of race, color, religion, sex, national origin,
age, marital status, sexual orientation, gender identity, genetic
information, disability, veteran status, or any other status
protected by federal, state or local laws. Employees and applicants
of MFS will not be subject to harassment on the basis of their
status. Additionally, retaliation, including intimidation, threats,
or coercion, because an employee or applicant has objected to
discrimination, engaged or may engage in filing a complaint,
assisted in a review, investigation, or hearing or have otherwise
sought to obtain their legal rights under any Federal, State, or
local EEO law is prohibited. Please see the Know Your Rights:
Workplace Discrimination is Illegal document and Pay Transparency
Nondiscrimination Provision , linked for your reference.
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Keywords: CFA Institute, Hartford , Fund Administration Associate, Accounting, Auditing , Boston, Connecticut
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