Fund Treasury Supervisor

Fund Treasury Supervisor
Boston, MA;

Finance/Accounting/Auditing – Apr 28, '08

About MFS Investment Management:
In 1924 MFS Investment Management established the first mutual fund in the United States. Today, MFS offers a wide range of products and services to investors, including more than 70 mutual funds, fixed and variable annuities, separately managed accounts, and retirement plans to retail customers, institutional investors, and insurance offerings.  
 
At MFS we hire talented individuals and allow them to work in an environment that fosters teamwork. We strive to make MFS a company where our employees can grow and succeed. While MFS provides a supportive work environment, we maintain high standards of accountability to ensure that employees meet our standards of excellence. We value intelligence and hard work. We value the perspective you bring. We will reward you for your good ideas, your work ethic, and your experience. We believe that our unique culture directly benefits our business.

Job Description:


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. 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.  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 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. 

Requirements:
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 4-6 years related experience preferred. 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.

Additional Information:
Job Description Continued...  
-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 to assure that fund audits are completed. Facilitates response to Treasurer and Assistant Treasurers on board related matters.  
-Reviews other fund accounting related deliverables including financial statements, board materials, Prospectus/SAI and other reports prepared by staff.