Fund Administration Co-op

MFS • Boston, MA

2d • Hybrid

About The Position

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. Fund Administration Co-op 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. THE ROLE 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 fund treasury works at an asset manager. MFS co-op positions are a 6-month commitment, working Monday – Friday (July 7th through December 18th, 2026), 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.

Requirements

• Working toward a Bachelor's degree, preferably with a concentration in accounting or other related financial discipline.
• Experience working in a diverse environment where production, controls, and deadlines are required preferred.
• Good analytical, organizational, and written and verbal communication skills.
• Experience or familiarity with MS Excel.

Responsibilities

• Instruct and coordinate payment instructions to external vendors to ensure payments are made timely and accurately.
• Prepares and monitors asset based fees, expense caps, fund expense ratios, expense budgets, and prepares additional deliverables as needed.
• Provides securities lending oversight by reviewing daily reports from lending agents. Items monitored include collateral levels, approved borrowers, and lending limitations.
• Provide support and review of regulatory reporting requirements to financial reporting and legal departments surrounding financial statement and prospectus filings.
• Discusses fund accounting issues with supervisors and custodian bank personnel if needed.
• Assist in the preparation of product initiative documentation surrounding fund and class mergers, launches and closings and in-kind transactions.

What This Job Offers

• Career Level: Intern