| Location: |
MA-Boston
Northeast (CT, ME, MA, NH, RI & VT) |
| Salary Range: |
150,000 160,000, 43% Target Bonus, 15% PSP |
| Bonus & Incentives: |
43% Target Bonus
15% PSP |
| Position Responsibilities: |
* Responsible for the overall financial administration of the distribution business units' financial activities including accounting, financial planning and budgeting, financial analysis and reporting, internal controls and financial compliance. The principal responsibilities of this position are as follows:
* Along with a team of divisional controllers: oversees the hiring, training, establishment of performance standards and monitoring of performance of financial staff.
* Manages the annual financial planning and budget process for each of the distribution groups. Reviews and challenges the distribution units' budget assumptions to ensure that financial plans are realistic and in line with overall corporate goals.
* Coordinates the preparation and review process for cost allocation and fund board product profitability reporting. Related activities include overseeing enhancements to cost allocations and accounting system in response to changes in products and organizational structures, and working with Financial Systems department in developing new tools to assist in this process.
* Coordinates the preparation and presentation of the quarterly business/financial review process for MFS' distribution units. Manages the preparation of short- and long-term financial forecasts.
* Ensures that sound internal control processes are in place and that financial compliance and regulatory requirements are met. Oversees and monitors account reconciliation processes within business areas of responsibility.
* Responsible for overseeing and ensuring compliance with capital adequacy and other financial regulations associated with our distribution companies. Anticipates and prepares for the impact of regulatory changes, as applicable.
Additional Information:
- Supervises the preparation of asset based fee, sales and flow analysis and reporting. Communicates relevant trends to corporate finance management and executive management. Reviews forecasted and budgeted asset based fee, sales and flow assumptions and communicates to relevant parties.
- Develops realistic domestic and global expansion plans for areas of responsibility in anticipation of business requirements.
- Coordinates major cost/containment control initiatives across applicable distribution units and assesses the propriety of allocated costs across company's products and business lines to ensure the meaningful reporting and communication of financial results to enable management to make well informed business decisions.
- Responsible for research of emerging accounting issues and establishing accounting practices, policies, and procedures for company and its subsidiaries. Supports the annual independent audit process through report issuance. |
| Education and Certifications/Licenses: |
Bachelors, CPA, NASD Series 27 |
| Mandatory Minimum Qualifications: |
* Bachelor's degree minimum, preferably with a concentration in accounting, although consideration will be given to other finance-related concentrations. MBA and/or CPA required.
* Minimum of 15 years of progressively responsible experience in managing a financial and administrative organization.
* Must have solid management skills, including the ability to motivate and develop staff, provide meaningful and regular performance feedback, identify career path opportunities, etc.
* Must have excellent project management and coordination skills and the ability to lead and implement new processes and/or initiatives across an organization.
* Expertise in spreadsheet, database, and word processing applications, and experience in the design and implementation of financial processes and applications.
* Excellent organizational, oral and written communications skills.
* Position requires NASD Series 27 registration in accordance with MFS' licensing policy. |
| Preferred Qualifications: |
* Experience with the finance functions of a US mutual fund broker/dealer preferred, though not required. |
| Additional Comments: |
|
| Benefits: |
Excellent
|
| Overnight Travel: |
Limited |
| Relocation Assistance: |
Yes |
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