Fund Treasury Co-op – Fund Treasury

Job Description

Spring 2027 Fund Administration Co-op (January-June) | MFS Investment Management

The Tone:
This is a 6-month co-op position at MFS Investment Management, located in a hybrid work environment (remote/onsite). MFS is a global investment management firm focused on creating long-term value responsibly by doing what’s right for our clients every day, and they invented the mutual fund in 1924. This role offers participants a meaningful and relevant work experience as part of their academic studies, contributing to the firm’s commitment to disciplined philosophy and collaborative culture. At its conclusion, co-ops will have a firm understanding of how fund treasury works at an asset manager.

The TL;DR
• Role: Internship
• Type: Temporary
• Location: Hybrid – (remote/onsite)
• Pay: $21–$25 hourly
• Mission: This person will ensure timely and accurate fund payments, monitor fund expenses, oversee securities lending, and support regulatory reporting.
• Tech Stack: MS Excel

What You’ll Actually Do
• Payments: Instruct and coordinate payment instructions to external vendors to ensure payments are made timely and accurately.
• Expense Monitoring: Prepare and monitor asset-based fees, expense caps, fund expense ratios, and expense budgets, preparing additional deliverables as needed.
• Securities Lending Oversight: Provide oversight by reviewing daily reports from lending agents, monitoring collateral levels, approved borrowers, and lending limitations.
• Regulatory Support: Provide support and review of regulatory reporting requirements to financial reporting and legal departments surrounding financial statement and prospectus filings.
• Product Initiatives: Assist in the preparation of product initiative documentation surrounding fund and share class mergers, launches, closings, and in-kind transactions.

The Must-Haves
• Background: Undergraduate student currently enrolled in a co-op program through their college or university, working toward a Bachelor’s degree, preferably with a concentration in accounting or other related financial discipline.
• Experience: Currently enrolled in a co-op program that meets MFS requirements.
• Skills: Good analytical skills, organizational skills, written communication skills, verbal communication skills, and experience or familiarity with MS Excel.
• Bonus: Experience working in a diverse environment where production, controls, and deadlines are required.