Why Great Gray?

At Great Gray Trust Company, we strive to set the bar for the retirement services industry. Our goal is to deliver advanced retirement solutions that combine our core fiduciary services with robust investment options, innovative technology, and dedicated client service. We focus on making choices clearer, transitions smoother, and the client experience more delightful. Complacency isn't in our vocabulary. Every day, we look for opportunities to better serve our clients, be an excellent business partner, and earn the trust of those who rely on us.

Company Background

Great Gray Trust Company is the leading independent provider of trustee and administrative services to Collective Investment Trusts (“CITs”), with over $175 billion in CIT assets, across more than 700 funds. We proudly work with 75 subadvisors, including leading firms such as Alliance Bernstein, American Funds, BlackRock, Franklin Templeton, MetLife, Neuberger Berman, PGIM, PIMCO and Raymond James.

CITs are more than just an investment vehicle. They represent a forward-thinking approach to retirement planning. These tax-exempt, pooled investment vehicles are offered to employer-sponsored retirement plans, like 401Ks. CITs are comparable to mutual funds, but, because they are tailored for the institutional retirement market, they can offer distinct advantages, including efficient administration and cost-effectiveness. CITs have a history dating back over 90 years; but they have gained favor over the past decade, driven by innovations, and Great Gray has been at the forefront.

Great Gray has consistently delivered year-over-year growth at an above market rate and is investing in the continued development of its core CIT business as well as complementary administrative services and technology solutions for the retirement market.

Madison Dearborn Partners (“MDP”) purchased Great Gray from Wilmington Trust in April 2023. As a result, Great Gray is an independent company owned by funds affiliated with MDP.

Investor Background

MDP is a leading private equity investment firm based in Chicago. Since MDP's formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 platform investments. MDP invests across five dedicated industry verticals, including basic industries; business and government software and services; financial and transaction services; health care; and telecom, media, and technology services.

The Role

The FP&A Associate will join Great Gray’s financial planning and analysis function and will assist in facilitating, designing, and managing firmwide reporting to management, investors, and regulators. The role will liaise between accounting, department heads and business units, managing the firm’s planning framework, to design and produce a suite of reports and relevant forecasting. The planning process will facilitate business and functions planning for revenue, headcount, operating expenses and capital planning, and will include recurring KPIs and scorecards for business units, senior management, and investors.

Location

The Financial Planning & Analysis Associate role will be based in Boston, MA. Great Gray currently supports a hybrid work model with 4 days onsite and 1 day remote.

Responsibilities

• Assist in the design and operationalization of recurring and bespoke analysis comprised of GAAP, economic, tax and business (AUM, etc.) metrics.
• Assist in the preparation of monthly performance reports, financial analysis, and evaluation of historical trends. Continuously seek to improve the efficiency, accuracy, and timeliness of the forecasting and close process.
• Manage near and long-term budgeting process, including scheduling relative to management and Management / Board / investor reporting calendars. Work closely with key business units and functional stakeholders to maintain a view of revenue, expense and cash / capital needs of the firm on a continuous basis, relying on partnerships across the firm. Ultimately provide business intelligence with financial results and key performance indicators to facilitate decisions.
• Report performance results, including GAAP and other non-GAAP KPIs for the Holdco and TrustCo (i.e. period over period, actual to budget, and non-GAAP performance reports). Stakeholders include management (business and functions), investors, regulators and tax authorities.
• Leverage AUM-related data via software tools and solutions to standardize and automate reports for distribution and incorporation into budgeting models.
• Update, enhance, and communicate competitive intelligence / market data to relevant stakeholders.
• Work closely with Accounting, Treasury and IT to identify and build operating efficiencies for reporting across operating systems, ledger, treasury workstations and third-party platforms.
• Provide support for special projects and ad-hoc requests, such as cash flow forecast, profitability analyses, operational reporting, etc.
• Additional responsibilities as needed.

Qualifications & Experience

• Bachelor’s degree in Finance, Accounting, Economics, or other similar field.
• 2 years of experience in Consulting, Investment Banking, Corporate Finance, Private Equity, or Public Accounting.
• Flexibility in handling multiple priorities in fast changing environment.
• Ability to draw conclusions, communicate key messages, proactively initiate problem-solving, make recommendations and influence in a team environment.
• Advanced Excel user with a thorough understanding of financial statements and 3-statement modeling.
• A sense of ownership and accountability, coupled with excellent communication skills. Reliable and responsive to business requests.

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