Cash Management Associate

Mass Financial Services; Boston (MA); Hybrid; USD 50,000 - 72,000; Full time

Benefits offered by this job

Retirement plan contributions

Tuition reimbursement

Parental leave

Job summary

Mass Financial Services is seeking a Cash Management Associate to process capital stock reporting and cash forecasting for investment personnel, while providing operational support to clients and custodians. The role emphasizes accuracy, timely processing, and adherence to cash management procedures.

You will monitor cash positions, assist with liquidity forecasts, and help implement process improvements to reduce manual work.

Qualifications

• Bachelor's degree or equivalent with 0–2+ years in financial services.
• Proven ability to perform in a demanding environment.
• Attention to detail and accuracy; strong communication skills.

Responsibilities

• Monitor cash positions and assist liquidity forecasts.
• Process timely movements of funds between accounts.
• Prepare reports for institutional clients and internal audiences.
• Collaborate with offshore hub teams and escalate issues.
• Support onboarding and cross-training as needed.

Skills

Attention to detail

Multitasking

Communication

Excel

Education

Bachelor's degree

Job description

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

The Cash Management Associate processes capital stock reporting and cash forecasting for investment personnel, prepares reporting for institutional clients, and provides operational support to clients, custodians, and MFS investment personnel. The associate ensures investment and client account activity is processed and recorded accurately, follows established procedures, and completes assigned daily cash management activities in a timely manner.

WHAT YOU WILL DO

• Supports daily cash management activities by monitoring cash positions, assisting with liquidity forecasts, and processing timely movements of funds between accounts.
• Participates in departmental and cross-functional initiatives to improve processes, enhance client service, and reduce operational risk.
• Follows established cash management policies and procedures and provides input to the manager on potential updates based on day-to-day processing experience.
• Identifies and communicates opportunities to use technology or process improvements to reduce manual work and increase efficiency.
• Researches operational and administrative issues, escalates complex matters as appropriate, and assists with implementing approved resolutions.
• Prepares reports and reviews information for accuracy and completeness before distribution to internal and external audiences.
• Coordinates with offshore hub team members on assigned daily activities, responds to routine questions, and escalates exceptions when needed.
• Shares process knowledge and supports onboarding or cross-training activities as requested.

WHAT WE ARE LOOKING FOR

• Bachelor's degree or equivalent 0-2+ years of experience in financial services and/or investment and trading operations preferred.
• Proven ability to perform job responsibilities effectively in a demanding environment.
• Attention to detail and accuracy required. Strong oral and written communication skills required.
• Ability to multi-task and prioritize competing demands.
• Strong organizational, communication, and interpersonal skills.
• Proficient in Microsoft Excel.
• Prior Custodian Bank experience a plus.

#LI-HD1

Base Salary Range: $50,000.00 - $71,500.00

This position is eligible for competitive incentive bonus.

At MFS, we believe in fair and transparent compensation. For that reason, we're including the salary range for this position. This range reflects our good-faith expectation for what we'll pay depending on the candidate's experience, training and education. In addition to the salary, we also offer significant and competitive incentive compensation based on both individual and company performance. Other components of our Total Rewards Package include:

• MFS contributes an amount equal to 15% of your base salary to your retirement account that is separate from the company -sponsored 401(k)
• Education Assistance: MFS contributes $100 monthly up to $10,000 lifetime maximum directly to loan provider
• Education Assistance: Tuition reimbursement up to $8,000 annually
• Education Assistance: Access to discounted tutors and college coaches
• Generous time off and fully paid leaves including 20-weeks for maternity, 12-weeks for parental and caregiver leaves
• Choice of medical and dental plans and an and an employer contribution into the Health Savings Account
• Tax deferred commuter benefits & flexible spending accounts (medical & dependent care)
• Wellness Programs: Robust wellness webinars, employee assistance program with a focus on mental health, subsidized fitness benefit via Wellhub (formerly Gympass), where you can workout at gyms, studios and boutique fitness locations near you, join virtual personal training sessions and access a wide variety of well-being apps

Our compensation philosophy is to pay competitively for talent while ensuring equity across employees performing comparable work. We are committed to transparency - if you have questions about how we arrived at this range or what additional benefits and bonus opportunities come with the role, we'll be happy to discuss them

#LI-HYBRID

At MFS, we are dedicated to building a diverse, inclusive and authentic workplace.

Applicants must be currently authorized to work in the United States on a full-time basis. This position is not eligible for sponsorship.

MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.