Corporate Finance Co-ops (Spring 2021) Corporate Finance Co-ops (Spring 2021) …

MFS Investment Management
in Boston, MA, United States
Permanent, Full time
Last application, 28 Sep 20
Competitive
MFS Investment Management
in Boston, MA, United States
Permanent, Full time
Last application, 28 Sep 20
Competitive
Corporate Finance Co-ops (Spring 2021)
Whether you're an investment professional, an expert in sales or a technology specialist, you'll find a culture at MFS that supports you in doing what you do best. Our employees work together to reach better outcomes, always favoring the strongest idea over the strongest individual. We put people first and show 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.


Job Description MFS is a premier investment management firm with a rich history and a growing global reputation. Since 1924, when our founders invented the mutual fund, collaboration and innovation have fueled our success. When you join our team, you will be challenged by the work you do, and you will share your talents with a vibrant network of vested individuals to create an elite organization and build a rewarding career.

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 works at an asset manager.

MFS co-op positions are a 6-month commitment (January 5th, 2021 - June 25th, 2021), 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.

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

Some principle 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 principle 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 principle 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 Bachelor's 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 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. " Click here to view the 'EEO is the Law' poster and supplement ."
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