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Type of Role: InvestmentsOperations

Experience Level: Intern - Undergraduate

Location: St. Louis, Missouri

Salary: $65K - $65K

Mercer’s Outsourced Chief Investment Officer (OCIO) and investment solutions help companies focus resources on what matters most — their people and business strategy — and less on managing their retirement plans. Our OCIO and Investment Solutions professionals assist in setting investment strategies that leverage our investment capabilities across our global enterprise — and by fusing economics with empathy.

THE POSITION: Investment Operations Accounting Intern

Mercer’s 2,500+ US Investment Colleagues deliver disciplined, consistent approaches, to benchmarking, data analytics, financial management, marketing, compliance and communication.  Our client focus, integrity, expertise, and innovation are why clients choose Mercer. We are committed to setting the industry standard for ethical and transparent business practices.

 

INTERN REQUIREMENTS

  • Progress towards a bachelor’s degree in Accounting, Finance, Economics, Mathematics, Business Administration or other business-related areas
  • Candidates pursuing an accounting degree or with accounting exposure is desired
  • Status as a currently enrolled student; candidates should have an expected graduation date in the Fall of 2024 or Spring of 2025
  • Record of top academic achievement (preferred GPA 3.0/4.0)
  • Interest in the operation capacities of custodians, such as banks, trust companies and brokerage firms
  • Strong analytical skills and attention to detail
  • Overall good technical skills including proficiency in Microsoft Office
  • Excellent written, oral, and interpersonal communication skills
  • Highly self-motivated, self-directed, and attentive to detail
  • Able to work in a team-oriented, collaborative environment
  • Ability to multi-task
  • Must be Customer Service Oriented

 

WHAT A TYPICAL DAY LOOKS LIKE

  • Monitor clients for cash flow needs and provide back office operational support including:
  • Monitoring accounts for daily inflows and outflows
  • Executing trades or directing the implementation of trades
  • Coordinating and reviewing accounts for cash requirements for payment of capital calls
  • Provide documentation and/or requests from auditors for clients’ fiscal year end audit requirement
  • Facilitate and monitor outgoing wires for accuracy and timeliness as dictated by approved investment policy and re-balancing procedures
  • Prepare and/or review documents with clients for completeness and accuracy
  • Assist in the management of investor subscription, redemption, and transfer procedures for private investment funds including documents, wire transfers & acceptance letters; work with consulting and client services team to ensure timely turnaround of documentation
  • Communicate with investors on a variety of issues including contact information changes and requests for general information about fund operations
  • Participate in the coordination of our funds’ audits and tax filings
  • Participate in the preparation of investors’ K-1s
  • Review and reconcile invoices prior to organizing payments