Cash Management Associate

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

Benefits offered by this job

Retirement matching 15%

Education assistance

Tuition reimbursement

Generous paid leave

Health and dental plans

Wellness programs

Job summary

MFS is seeking a Cash Management Associate to support cash forecasting, capital stock reporting, and client reporting. You will ensure accurate processing of investment activity and provide operational support to clients, custodians, and investment personnel.

The role requires a Bachelor's degree or equivalent and 0–2+ years in financial services or operations. Strong Excel skills and attention to detail are essential, with a hybrid work environment and competitive total rewards.

Qualifications

• Bachelor's degree or equivalent required.
• 0-2+ years in financial services or operations preferred.
• Proven ability to perform in a demanding environment.
• Strong attention to detail and accuracy.

Responsibilities

• Process daily cash management activities and monitor cash positions.
• Assist with liquidity forecasts and timely fund movements between accounts.
• Prepare reporting for institutional clients and internal audiences.
• Support onboarding and cross-training within the team.
• Collaborate with offshore hub team members and respond to routine questions.
• Identify process improvements to reduce manual work and increase efficiency.
• Communicate approvals and escalate complex issues as needed.
• Ensure accuracy and completeness of reports before distribution.

Skills

Cash management

Financial services

Attention to detail

Communication skills

Multitasking

Organizational skills

Interpersonal skills

Excel

Education

Bachelor's degree or equivalent

Tools

Microsoft Excel

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
• Tuition reimbursement up to $8,000 annually
• 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 it.

#LI-HYBRID

At MFS, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role but your past experience doesn't align perfectly, we encourage you to apply - you might be just the right candidate for this role or others.

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. 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 [e-mail] for assistance.

MFS is an 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. Please see the Know Your Rights: Workplace Discrimination is Illegal document, linked for your reference.

For almost a century, investors around the world have trusted MFS to achieve their investment goals. Since 1924, when our founders invented the mutual fund, collaboration, a long‑term focus and skilled active research have fueled our success. As a leading global investment manager, we hire employees who share our values, align with investors who share our long‑term philosophy, and always act in the best interest of our clients.