Founded in 1938, MacKay Shields has grown steadily over the years through rapidly changing market environments. Becoming a registered investment advisor in 1969, we have expanded our services over time and are now proud to offer products across US and international markets.

In 1984 MacKay Shields became a wholly owned, fully autonomous subsidiary of New York Life Insurance Company, a premier financial services provider and one of the country's most highly rated insurance companies. To capitalize on its broad range of investment management and retirement plan services, New York Life formed New York Life Investments in 1999. MacKay Shields continues to operate independently regarding both investments and compensation.

Position Description

MacKay’s private funds business (largely focused on fixed income, municipal bonds in particular) has been steadily growing in terms of number of funds, assets under management, and complexity. In order to support the growth of our business, our investors, and fund partners, the Fund Services team is looking for a candidate to provide daily support across all of MacKay’s commingled fund vehicles across fixed income and equity strategies.

We are seeking an individual with a working knowledge of private funds and collective investment trusts, with the ability to apply their skills appropriately to MacKay’s funds business. As a member of the Fund Services team, you will assist with the firm’s private funds via interacting with investors, fund administrators, and third party distributors on ad-hoc, operational, and administrative requests.

Qualifications

• Bachelor’s Degree preferably in Finance, Economics, or Marketing
• 2-3 years’ experience in fund services/investor relations preferred but also open to 2022 College graduate with internships
• Series 7 and 63 or 66 licenses; or willingness to obtain within 90 days of start date
• Understanding of fund concepts and workflows related to subscriptions, redemptions, transfers, fund launches, and investor reporting
• Excellent working knowledge of Excel, PowerPoint, MS Word, Salesforce (or similar CRM), Adobe Acrobat
• Excellent written and oral communication skills, with strong listening skills and ability to address and alleviate investor questions or concerns
• High attention to detail, strong problem-solving abilities, and ability to work in a team-based, collaborative environment
• Your presence and influence should make an impact. Relationship driven and inspire others to achieve desired outcomes.

• Highly motivated, proactive self-starter with the ability to work both independently as well as collaboratively in a fast pace environment
• Positive, can-do attitude, with exceptional work ethic and intellectual curiosity

MacKay Shields LLC offers an excellent salary and benefits package.

MacKay Shields LLC is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment.html?cid=e36fcc0f-b0a6-4b8e-ba8b-1fe996800059&ccId=19000101_000001&jobId=447447&source=CC2&lang=en_US

Job Type: Full-time

Pay: $70,000.00 - $85,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Schedule:

• Monday to Friday

Supplemental pay types:

• Bonus pay

Ability to commute/relocate:

• Princeton, NJ: Reliably commute or planning to relocate before starting work (Required)

Education:

• Bachelor's (Required)

Experience:

• Microsoft Excel: 1 year (Required)
• Microsoft Word: 1 year (Preferred)

License/Certification:

• Series 63 (Preferred)

Work Location: One location

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