Morgan Stanley
Private Markets Fund Governance - Vice President
Morgan Stanley, New York, New York, us, 10261
Overview
Private Markets Fund Governance - Vice President at Morgan Stanley Investment Management. The IM Office of the COO is responsible for identifying, assessing, managing and monitoring risk across all IM businesses including fund operations and 3rd party service providers; implementing and supporting change management of divisional and departmental strategic initiatives; and developing divisional presentations, reporting and analysis for IM and Firm management. Primary Responsibilities
High and frequent exposure to multiple COOs/CFOs of global Morgan Stanley private funds Interact and provide governance/advise to COOs/CFOs on a daily basis over all financial accounting matters in a fast-paced environment Act as an officer of the General Partner responsible for review and approve all funds cash movements, acquisitions, sales, capital calls, distributions and credit facility throughout the entire fund and investment structure Coordinate bank, custody & demand accounts opening, account deposit and withdrawal of securities Oversee outsourced fund administration and other functions, including quarterly and annual financial statements review (US & IFRS, India GAAP, other GAAPs) and coordination with external auditors for year-end audit Review and approve quarterly and annual investor reports Review and approve NAV strikes for capital call and share issuance Review and approve waterfall models, management fee, performance fee/carried interest calculations and investor allocations Support various MSIM teams for cross-border fund offerings and seek opportunities for automation of ongoing operations to increase efficiency Conduct vendor service level review meetings and evaluate vendor’s performance Onboard and offboard fund administrator vendors and their personnel Spearhead division-wide strategic initiatives and continual assessment of service operating models for optimization Coordinate and provide non-financial data required by the business unit such as customer flows, assets under management (AUM), validation and commentary, enforce business rules Legal Entity Management: new fund & investment structure launches – review and provide comments on offering memoranda, partnership agreements, service agreements and entity structure charts; liaise with MS accounting policy and corporate accounting for entity consolidation and reporting; conduct RFPs and pricing analysis for fund administrators, external auditors, custodial services, depositary, etc., with recommendations Regulatory Reporting: review fund & investor level information from fund administrators supporting regulatory reporting in applicable jurisdictions; liaise with regulatory stakeholders to assess new forms and manage implementation with fund administrators to meet deadlines and ensure completeness and accuracy Ad-hoc projects and requests Qualifications
Bachelor Degree in Accounting or equivalent Public accounting and/or fund administration experience preferred 8-12 years of relevant fund accounting experience including financial statement preparation in private credit & equity, real estate and/or infrastructure businesses with closed-end and open-ended structures preferred Self-motivated, professional demeanor and desire to learn Team player with strong communication skills and ability to manage resources across different time zones Ability to multitask and demonstrate problem-solving skills in a fast-paced environment Highly motivated and detail-oriented Well organized, quick learner, flexible and proactive with a strong work ethic High proficiency with Microsoft Excel and other Microsoft Office applications What You Can Expect From Morgan Stanley
We are committed to maintaining first-class service and high standards. Our values—putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back—guide decisions to benefit clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. You will work with a diverse, collaborative team in an environment that supports and empowers you. Morgan Stanley offers comprehensive employee benefits and opportunities to grow within the firm. Expected base pay rates for the role will be between $150,000 and $200,000 per year at commencement. Base pay is determined on an individualized basis and is part of a total compensation package that may include commissions, incentives, discretionary bonuses and other Morgan Stanley sponsored programs. Equal employment opportunity statement: Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). The firm does not discriminate on the basis of race, color, religion, creed, age, sex, gender identity or expression, sexual orientation, national origin, citizenship, disability, marital status or veteran status. Seniority level
Executive Employment type
Full-time Job function
Business Development and Sales
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Private Markets Fund Governance - Vice President at Morgan Stanley Investment Management. The IM Office of the COO is responsible for identifying, assessing, managing and monitoring risk across all IM businesses including fund operations and 3rd party service providers; implementing and supporting change management of divisional and departmental strategic initiatives; and developing divisional presentations, reporting and analysis for IM and Firm management. Primary Responsibilities
High and frequent exposure to multiple COOs/CFOs of global Morgan Stanley private funds Interact and provide governance/advise to COOs/CFOs on a daily basis over all financial accounting matters in a fast-paced environment Act as an officer of the General Partner responsible for review and approve all funds cash movements, acquisitions, sales, capital calls, distributions and credit facility throughout the entire fund and investment structure Coordinate bank, custody & demand accounts opening, account deposit and withdrawal of securities Oversee outsourced fund administration and other functions, including quarterly and annual financial statements review (US & IFRS, India GAAP, other GAAPs) and coordination with external auditors for year-end audit Review and approve quarterly and annual investor reports Review and approve NAV strikes for capital call and share issuance Review and approve waterfall models, management fee, performance fee/carried interest calculations and investor allocations Support various MSIM teams for cross-border fund offerings and seek opportunities for automation of ongoing operations to increase efficiency Conduct vendor service level review meetings and evaluate vendor’s performance Onboard and offboard fund administrator vendors and their personnel Spearhead division-wide strategic initiatives and continual assessment of service operating models for optimization Coordinate and provide non-financial data required by the business unit such as customer flows, assets under management (AUM), validation and commentary, enforce business rules Legal Entity Management: new fund & investment structure launches – review and provide comments on offering memoranda, partnership agreements, service agreements and entity structure charts; liaise with MS accounting policy and corporate accounting for entity consolidation and reporting; conduct RFPs and pricing analysis for fund administrators, external auditors, custodial services, depositary, etc., with recommendations Regulatory Reporting: review fund & investor level information from fund administrators supporting regulatory reporting in applicable jurisdictions; liaise with regulatory stakeholders to assess new forms and manage implementation with fund administrators to meet deadlines and ensure completeness and accuracy Ad-hoc projects and requests Qualifications
Bachelor Degree in Accounting or equivalent Public accounting and/or fund administration experience preferred 8-12 years of relevant fund accounting experience including financial statement preparation in private credit & equity, real estate and/or infrastructure businesses with closed-end and open-ended structures preferred Self-motivated, professional demeanor and desire to learn Team player with strong communication skills and ability to manage resources across different time zones Ability to multitask and demonstrate problem-solving skills in a fast-paced environment Highly motivated and detail-oriented Well organized, quick learner, flexible and proactive with a strong work ethic High proficiency with Microsoft Excel and other Microsoft Office applications What You Can Expect From Morgan Stanley
We are committed to maintaining first-class service and high standards. Our values—putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back—guide decisions to benefit clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. You will work with a diverse, collaborative team in an environment that supports and empowers you. Morgan Stanley offers comprehensive employee benefits and opportunities to grow within the firm. Expected base pay rates for the role will be between $150,000 and $200,000 per year at commencement. Base pay is determined on an individualized basis and is part of a total compensation package that may include commissions, incentives, discretionary bonuses and other Morgan Stanley sponsored programs. Equal employment opportunity statement: Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). The firm does not discriminate on the basis of race, color, religion, creed, age, sex, gender identity or expression, sexual orientation, national origin, citizenship, disability, marital status or veteran status. Seniority level
Executive Employment type
Full-time Job function
Business Development and Sales
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