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

mfs; Boston (MA); Hybrid; USD 29,000 - 34,000; Full time

Job summary

MFS is offering a 6-month co‑op position in Boston, Massachusetts, designed for undergraduate students in a co‑op program. The role focuses on accounting-related fund operations and payment processing, with a structured learning program and rotational activities.

Co‑op participants will engage in governance, reporting, and collaboration with finance and legal teams, gaining exposure to mutual fund treasury and accounting practices while balancing classes and work commitments.

Qualifications

• Currently pursuing a Bachelor's degree, preferably with an accounting concentration.
• Experience in environments with deadlines, production controls and accuracy.
• Strong analytical, organizational and written/verbal communication skills.
• Familiarity with MS Excel and basic financial concepts.

Responsibilities

• Instruct and coordinate payment instructions to external vendors for timely payments.
• Monitor asset-based fees, expense caps, fund expense ratios and budgets.
• Provide oversight of securities lending by reviewing daily reports and collateral levels.
• Support regulatory reporting requirements for financial statements and prospectus filings.
• Assist in product initiative documentation for fund/share class mergers and launches.

Skills

Analytical skills

Organizational skills

Written and verbal communication

Diversity awareness

Education

Bachelor's degree (Accounting concentration)

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

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

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, and 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.