Sr Fund Administrator
Boston, MA 
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Posted 10 days ago
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.

What you will be responsible for:

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 meetsor 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.

Principal Responsibilities

  • Prepare and train new staff on completing 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.

  • Review, approve, and release daily money market yields, SEC Yields and support the defaulted bond communications and payment tracking process.

  • Review fixed income and amortization spreadsheets on a monthly basis for accuracy and reasonability . Work with Fund Tax to correct any book verse tax income issues.

  • Monitor As-of Capstock activity on a daily basis and communicate any necessary adjustments to the custodian bank.

  • Prepare and monitor asset based fees, expense caps, fund expense ratios, expense budgets, and prepares additional deliverables as needed.

  • Provide securities lending oversight by reviewing daily reports from lending agents. Items monitored include collateral levels, approved borrowers, and lending limitations.

  • Discuss fund accounting issues with auditors, compliance and custodian bank personnel if needed.

  • Assist in the preparation of product initiative documentation surrounding fund and share class mergers, launches and closings and in-kind transactions.

Qualifications

  • 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 3 -5 years' experience in fund accounting, or administrative areas of the investment advisor, auditing firm or custodian bank.

  • 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.

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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

MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.

This position will require individuals to be fully vaccinated against COVID-19 as part of their job responsibilities, unless MFS approves an exemption as an accommodation due to a medical condition or sincerely held religious belief. Submission of an exemption request does not guarantee that an exemption will be approved or that the request can be accommodated.

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 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 EEO is the Law document and Pay Transparency Nondiscrimination Provision, linked for your reference.


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. Click here to view the EEO is the Law poster and supplement.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
3 to 5 years
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