SPRING 2023 - Corporate Finance Co-ops (6 Months)
Boston, MA 
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Posted 24 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:**PLEASE READ** This posting is for Co-op positions only, NOT summer internships. Co-ops are 6 month, full-time placement. If you are looking for summer internships, please apply to the SUMMER 2023 positions.

MFS is a global investment management firm focused on creating long-term value responsibly by doing what's right for our clients every day. Our rich history dates to 1924, when our founders invented the mutual fund. Since then, collaboration and innovation have fueled our success. Our unwavering commitment to finding the best, most durable investment opportunities is what sets us apart - and our success is grounded in our unique approach, disciplined philosophy and collaborative culture.

Joining our team provides opportunities to share your voice and talents, tackle challenging problems, create solutions and collaborate with dedicated co-workers. This Co-op experience provides participants with a meaningful, relevant work experience as part of their academic studies. In addition to daily responsibilities, participants will have the opportunity to participate in a series of structured activities designed to enhance their learning experience including:

* Co-Op New Hire Orientation

* Senior Leadership Speaker Series

* Social & Networking Events

* Presentation Challenges

At the conclusion of this position, co-ops will have increased their knowledge of investing, the mutual fund industry, employee engagement, and a firm understanding of how sales work at an asset manager.

MFS co-op positions are a 6-month commitment (January 9, 2023 - June 30, 2023), working Monday - Friday and work between 35-40 hours. Our program is designed for undergraduate students who are currently enrolled in a co-op program through their college or university and can meet our requirements. All students must be authorized to work in the United States.

MFS is a hybrid work environment (with 2 remote days and 3 on-site days) 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.

Corporate Finance

Our finance team works side by side with each business group to capture every purchase and expenditure, from multimillion dollar technology purchases to real estate leases. This team records sales results and analyzes profitability. By working closely with our Management Committee, these associates support the strategic direction of the company through financial analysis, budgeting and forecasting.

Some principal responsibilities of co-ops in these groups include:

  • Preparing vouchers for imaging, researching outstanding vendor invoices, and assisting with vendor and employee inquiries
  • Working with Corporate Purchasing as appropriate
  • Participating in preliminary discussions of audit observations with business unit personnel to verify facts, as necessary.
  • Performing periodic monitoring procedures to confirm completion of Internal Audit related tasks including but not limited to the management's completion of management action plans.

Corporate Tax and Treasury

It is the Corporate Tax and Treasury teams' responsibility to focus on big-picture financial issues. Our thorough Corporate Tax team designs, determines, and manages the company's international and U.S. income tax structure and interpretive and reporting positions.

Some principal responsibilities of co-ops in these groups include:

  • Assists in preparation of foreign financial information reports.
  • Assists in preparation of Federal and state income, franchise and excise tax returns and annual reports. Assists in preparation of quarterly state estimates.
  • Updates compliance calendar to help ensure that tax filings are made timely.
  • Assists in analyzing appropriate general ledger accounts to provide roll forward of tax accounts and to identify items of income/expense that would require a tax treatment different than book (i.e., depreciation of fixed assets).

Fund Treasury

Fund Treasury is a specialized group with high professional standards that is comprised of accounting, tax and financial professionals who love being immersed in mutual funds. This knowledgeable team prepares financial information about MFS products for the public, including but not limited to quarterly, semiannual and annual fund financial statements.

Some principal responsibilities of co-ops in these groups include:

  • Preparing the portfolio of investments section of the financial statements for annual, semi-annual, and quarterly shareholder reports.
  • Preparing financial statements using State Street Bank reports and Fundsuite.
  • Gaining exposure to different types of mutual funds; equity, fixed-income, muni, international, fund-of-funds, offshore, and more.
  • Generating standard reports and assists with the analysis of various Treasury functions
  • Assisting in the research and analysis of unidentified or missing bank transactions
  • Participating in various projects to improve efficiency of the department.

Qualifications
  • Working toward a Bachelors' degree, preferably with a concentration in finance, accounting or other related financial discipline.
  • Strong written and oral communication skills, including listening skills.
  • Excellent analytical and problem-solving skills with strong attention to detail and organization.
  • Ability to organize, prioritize, manage and complete multiple concurrent tasks within established time constraints.
  • Works well under pressure, meeting objectives and deadlines consistently.
  • Ability to work effectively with others to achieve the team's goals.

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.

#LI-HYBRID

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
Open
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