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Fund Administration Supervisor

Employer
MFS Investment Management
Location
Boston, USA
Salary
Competitive
Closing date
Mar 6, 2024

View more

Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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 and under the direction of an Assistant Treasurer and Manager, provides technical expertise and backup to each position in the unit. Understands and trains personnel on matters of a complex nature for an assigned group of mutual funds. Working with the management team, helps to assure that the unit meets or exceeds client and department service expectations.

WHAT YOU WILL DO
  • Manages Staff Administrator(s) and/or Senior Administrator(s); prioritizes and allocates work; provides guidance and technical assistance; makes recommendations regarding performance measurement, training, development and other related personnel activities.
  • Maintains expertise in all matters with respect to certain mutual funds assigned to a unit within Fund Treasury. Using technical expertise and up-to-date knowledge of accounts, assists others as required. Acts as a role model for the Administrators.
  • Under the direction of the Treasurer and Assistant Treasurer, and Manager(s) helps to assure the goals and objectives of the unit are attained. Discusses issues encountered on an account with the Manager.
  • Provide oversight of the Securities Lending Program including monitoring collateral levels, approved borrowers, lending limitations and board reporting.
  • Evaluates resources assigned to the unit, including observations about staffing levels. Reviews reports and otherwise ensures the integrity of information prepared or issued by the unit. Assists in developing control and management reports for the unit.
  • Assists in training the staff on professional standards required of positions. Assists with interpretation and application of new rules, regulations and procedures as they relate to the unit.
  • Assists in researching fund accounting and administrative matters of a complex nature and makes recommendations on resolution. Communicates with Managers, Assistant Treasurers, Treasurer and others on operating issues.
  • Reviews complex calculations such as asset based fees, expense caps, fund expense ratios, expense budgets, dividend distributions, income and yield, capital stock breakage reports, prepared by staff or accounting agents. Prepares same deliverables as needed.
  • Discusses fund accounting issues with auditors, compliance and custodian bank personnel if needed. Facilitates responses to auditor questions, comments and audit issues to assure that fund audits are completed. Facilitates response to Treasurer and Assistant Treasurers on board related matters.
  • Assists in originating or preparing procedures/job aids for the unit. Reviews from time-to-time to assure that all procedures/job aids are documented and updated.
  • Assures that systems and other records are adequate to meet the goals and objectives of the unit.
  • Listens and responds in a timely manner to service complaints and problems. Provides technical expertise on reports and services. Assures that reports are designed and completed with a professional appearance.
  • Reviews other fund accounting related deliverables including financial statements, board materials, Prospectus/SAI and other reports prepared by staff.
  • Assist Manager in coordination of fund treasury efforts surrounding fund and share class mergers, launches and closings and in-kind transactions.
  • Review product initiative documentation prepared by staff including seed memos, in-kind redemption allocations and merger analyses.
  • Assist Manager in research and documentation of complex security policies.
  • Performs other assignments as requested.
WHAT WE ARE LOOKING FOR
  • Bachelor's degree with a concentration in accounting or other related financial discipline or equivalent experience in the mutual fund or securities industry.
  • Minimum 2-5+ years related experience. Good understanding in mutual fund expenses, including asset based fees calculations, expense caps, expense budgeting.
  • Demonstrated management skills and good organizational skills.
  • Strong communication skills, both written and oral.
  • Ability to interact with individuals at all levels of the organization.
  • Strong leadership skills.


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
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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