Mutual Fund Treasurer

Company:Mercer

Description:

We are seeking a talented individual to join our Fund Administration team at Mercer, a Marsh business. This role will be based in Boston. This is a hybrid role that requires working at least three days a week in the office.

Mercer’s Fund Administration Group supports a growing number of collective investment trusts and mutual funds. The team is looking to hire a Mutual Fund Treasurer. The Mutual Fund Treasurer is responsible for the overall oversight of all operational functions within the Department. 

We will count on you to: 

• Oversees the day-to-day functions within the department including external reporting, audits, tax compliance, financial administration, expense management, reconciliation, NAV oversight, and regulatory reporting through direct supervision of department.

• Provides Board reporting, management reporting, and other reporting as needed.

• Oversees relationships with key service providers with respect to certain fund administration functions including fund accountants, fund administrators, custodians, transfer agents, lenders, printers, tax services providers and independent auditors.

• Evaluates and develops internal control procedures within the department. Review and implements corrective actions to prevent errors within the department. Documents standard operating work instructions for each major functionality. In addition, identifies areas of risk for the company as a whole and provide feedback on alternatives of managing risk.

• Security Valuation: ability to apply FAS 157 regulations within at the ERISA plan level, 40 Act Mutual Fund and investment companies.

• Assist client auditors with investment product requirements and data delivery based on needs.

• Oversees the dividend declaration process for the mutual funds.

• Establishes performance objectives and expectations for each position within the department consistent with Executive Management strategic goals.

• Manages talent by coaching, training, developing and providing performance feedback to team members. Make compensation recommendations for team members and hire and terminate associates as needed.

• Participates in special projects and performs related duties as assigned.

What you need to have:

• Bachelor’s degree required

• Master’s degree and or C.P.A preferred, but not required

• Minimum 15+ years operations experience with a financial institution, preferably within the mutual fund/collective trust fund industry, minimum 7+ years of management responsibilities

• Excellent organizational and management skills required

• Strong verbal/written communication skills, able to communicate effectively with all levels of Senior Management

• Able to evaluate changing organizational requirements and develop and implement new procedures as required

• PC skills in Microsoft Word, Excel, PowerPoint and other applications

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.

• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.

• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Mercer is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer, visit mercer.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [email protected].

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

The applicable base salary range for this role is $90 000 to $180 000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.