Director (AVP) - Private Equity Accounting Operations

Morgan Stanley; West Conshohocken (PA); Hybrid; USD 120,000 - 190,000; Full time

Job summary

Morgan Stanley seeks an Alternative Investment Services Private Equity Portfolio Accounting Operations Director in IM Operations to support global private equity programs, including primary fund investing, co-investing, and secondaries.

The role involves managing processes with internal teams and third-party service providers, validating valuations, and ensuring accurate NAV reporting across multiple vehicles and markets.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• A minimum of five years of investment accounting experience.
• Experience in private equity or real estate investment accounting is required.
• Knowledge of hedge fund accounting and/or derivatives, or experience with Investran, is a plus.

Responsibilities

• Act as SME and manage processes, risks and projects, proposing and implementing improvements/changes.
• Monitor critical investment and investor activity across portfolios and custodians to ensure proper settlement of transactions.
• Oversee third-party service providers and maintain portfolio activity in AIS's Investran system.
• Prepare carried interest calculations for complex structures and waterfall types.
• Sign off on net asset value and performance-based information monthly and quarterly.

Skills

Organizational skills

Analytical skills

Attention to detail

Leadership

Education

Bachelor's degree in Accounting/Finance/related field

Tools

Investran

Job description

We're seeking someone to join our team as an Alternative Investment Services Private Equity Portfolio Accounting Operations Director in IM Operations to be responsible for operational and portfolio management support activities for a global private equity program across primary fund investing, co-investing, and secondaries in developed and emerging markets, as well as impact-oriented strategies, including social impact and climate solutions. This position will also involve developing and maintaining external relationships with business stakeholders and third-party service providers to ensure proper support for the vehicles.

In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. This is an Advanced Specialist position at Director level within Product Support and Services, which is responsible for providing transaction support and managing post execution processes.

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

What you'll do in the role:

• Serve as a subject matter expert within functional area, working with Team Manager to manage processes, risks and/or projects, proposing and implementing improvements/changes
• Act as key problem solver for area or expertise, applying detailed knowledge to address unique or novel situations, recognize risks and draw out key issues
• Actively monitoring critical investment and investor activity for multiple portfolios and custodian banks to ensure proper settlement of transactions
• Oversee and work effectively with third party service providers in posting activity to the general ledger as well as maintain portfolio activity in AIS's parallel portfolio accounting system, Investran
• Reconciling transactions, valuations, management fees, carried interest calculations, P&L components, and other activity on a monthly/quarterly basis to ensure accuracy
• Verifying accuracy of investor capital account balances and capital activity on a monthly/quarterly basis
• Understand and interpret underlying fund investment financial statements for the purpose of preparing and/or validating valuations and participating in internal fair valuation committee meetings
• Ability to work on complex structures that contain multiple vehicles such as leveraged corporate blockers and AIV's.
• Develop an understanding of these structures and ensure adequate controls are in place.
• Prepare various carried interest calculations for complex structures and also different waterfall types such as specific investment exclusion.
• Ability to understand carried interest based on terms as defined in Limited Partnership Agreements.
• Work alongside premier investment teams in support of portfolio management activities, including investment valuation, preparing capital calls and distributions, and other ad hoc requests
• Performing quarterly compliance reporting and highlighting instances in which there may be potential noncompliance with the products governing documents
• Signing-off on net asset value and performance based information on a monthly and quarterly basis

What you'll bring to the role:

• Ability to lead by example, work with drive and determination, and put forward challenging views to senior levels
• Comprehensive knowledge and understanding of functional area and operational/compliance policies and procedures of their team
• Ability to operate independently across the majority of day-to-day responsibilities
• Culture carrier across Operations, embracing the Firm's core values and acting as a role model
• Bachelors degree, or equivalent, in Accounting, Finance, or related business field
• A minimum of five years of investment accounting experience
• Prior experience in private equity or real estate investment accounting is required.
• Knowledge of hedge fund accounting and/or derivatives, or experience with Investran, is a plus.
• Strong organizational and analytical skills and the ability to effectively summarize findings, both verbally and in writing, in a clear and concise manner
• Ability to work effectively in a fast-paced environment with minimal supervision and a high level of attention to detail

Role is Hybrid and will require in office attendance 3 days/week.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90years. Our values - putting clients first, doing the right thing, leadingwith exceptionalideas, committingtodiversityand inclusion, andgivingback- aren’tonlybeliefs,theyguidethedecisions we make each day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.