Spring 2027 Fund Administration Co-op (January-June)

MFS International Australia Pty Ltd; Boston (MA); Hybrid; USD 29,000 - 34,000; Full time

Benefits offered by this job

Hybrid work environment

Structured co-op program

Networking events

Job summary

MFS is offering a co-op position designed for undergraduate students enrolled in a co-op program. The role emphasizes learning about investing, mutual funds, and fund treasury operations within a global asset manager.

The 6-month program runs Monday–Friday from January 13, 2027 to June 25, 2027, totaling 35–40 hours per week. It provides structured activities and a bridge to professional development in finance.

Qualifications

• Bachelor's degree, preferably in accounting or related financial discipline.
• Experience working in a diverse environment where production, controls, and deadlines are required.
• 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 timely payments.
• 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 including 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 share class mergers, launches and closings and in-kind transactions.

Skills

Analytical skills

Organizational skills

Written and verbal communication

Education

Bachelor's degree in accounting or related financial discipline

Tools

MS 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.

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 (beginning on Wednesday, January 13th through Friday June 25th, 2027), 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.

WHAT YOU WILL DO

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 share class mergers, launches and closings and in kind transactions.

WHAT WE ARE LOOKING FOR

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.

Hourly Pay Rate: $21.00-$25.00

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 AffirmaParty and 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.

#LI-HYBRID

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

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.