MSIM- Private Credit- Fund Controller- VP

15 MS Investment Mgmt., Inc.; New York (NY); On-site; USD 150,000 - 210,000; Full time

Job summary

Morgan Stanley Investment Management (MSIM) seeks a senior accounting professional to supervise production calendars, manage NAV processes, and coordinate external audits for private credit funds and related vehicles. You will oversee a team, ensure SEC filings and investor reporting are accurate, and implement accounting policies in a fast-paced environment.

The role requires 9–12 years in financial accounting within alternative investments, strong US GAAP knowledge, and exemplary communication

Qualifications

• Experience with external audit processes.
• Knowledge of US GAAP and Investment Company Accounting.
• Bachelor's degree in Accounting or Finance.
• CPA a plus; Big 4 experience preferred.
• Excellent written/verbal communication skills.
• Ability to work in a fast paced, deadline driven environment.
• Good quantitative/analytical and problem-solving skills.
• Experience with financial accounting for alternative investment managers (private credit, BDCs, private equity funds).
• Ability to implement accounting and reporting for various investment structures or funds.

Responsibilities

• Supervise and coordinate the production calendar to meet deadlines for MSIM and investors.
• Manage and review valuation inputs and NAV reporting processes.
• Coordinate with auditors, tax teams and fund administrators on regulatory and reporting matters.
• Review SEC filings and investor reporting, including K-1s and annual reports.
• Oversee analysts/associates and provide performance feedback.

Skills

Communication skills

Analytical skills

Problem solving

Deadline-driven

Education

Accounting/Finance degree

CPA

Big 4 experience

Job description

Morgan Stanley Investment Management (“MSIM”), together with its investment advisory affiliates, has more than 3,200 investment professionals around the world. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. MSIM is one of the three business segments of Morgan Stanley. MSIM currently has $1.9 Trillion in assets under management. The Morgan Stanley Private Credit (“MSPC”) platform (is part of MSIM) primarily invests in directly originated middle market loans and invests throughout the capital structure across a wide range of industry sectors. MSPC expanded its private credit platform with launch of business development company (“BDC”) to complement its current private credit product offering. The MSPC platform currently manages 2 fund families (including BDCs), which focus on different parts of the capital structure, different EBITDA ranges and different target asset yield. The MSPC platform seeks to create highly diversified portfolios of investments and provide investors with a stable cash yield, focused on capital preservation and benefits from interest rate protections. MSPC platform currently has over $23Bn in committed capital across various funds. The MSPC platform intends to raise additional pools of capital, in addition to the existing BDCs and private funds, these will include additional GP/LP structures, SMAs and additional BDCs.

Key Duties/Responsibilities

Supervise and coordinate the production calendar to meet various deadlines (MS firm, SEC and investors deliverables) Manage and maintain internal income forecast model to estimate distributable income Manage third-party valuation specialists with investment level appraisals, detailed review of inputs, qualitative aspects and valuation models Researching accounting issues and preparing technical accounting policy documents and memos Manage and review administrator deliverables to ensure accurate processing of activity, timely receipt of deliverables, accuracy of NAV reporting and financial statements, and accuracy of investor notices and reporting Interface with auditors in all quarterly review and audit coordination and completion as well as for the internal controls assessment Liaison with the internal auditors and SOX service provider on internal controls testing and enhance controls, as necessary Coordinate with tax team and review of the quarterly and annual RIC tests Coordinate with external tax firms to review annual tax returns, K-1s and local filings with help of tax team and tax service providers Review the tie-out of quarterly/annual financial statements and assist in implementation of new accounting standards with auditors and fund administrators Review SEC filings, such as 8Ks, 10Qs, 10Ks, earnings releases, supplemental reporting, and provide comments Detail review of all investor reporting as necessary (i.e. capital account statements, capital calls and distributions notices and performance reporting) Assist in improving efficiency through technology and other special projects as needed Retrieve and compile relevant financial information for investor correspondence Review and provide input to all Fund-related regulatory filings, participate in efforts to respond to regulatory requests and inquiries related to the BDCs/Funds Coordinate with portfolio management team on monthly portfolio stats and quarterly portfolio review process Coordinate with shadow books service providers and review the monthly NAV reconciliations Detail review of the monthly/quarterly credit facilities waterfall payment file Detail review of the credit facility reporting and compliance with credit facility agreements Responsible for overseeing the work assignments of analysts/associates, communicating performance expectations and providing performance feedback.

Skills/Qualifications – External Target range of 9-12 years of experience in financial accounting, or finance function for an alternative investment manager with exposure to private credit, BDCs, or private equity funds

• Ability to implement accounting and reporting for various investment structures or funds
• Desire to understand transaction process flows and requirements and develop processes to solve complexities as they arise
• Experience with external audit processes and procedures
• Knowledge of accounting principles including US GAAP and Investment Company Accounting
• Bachelor's degree with a major in Accounting or Finance
• CPA a plus
• Big 4 accounting firm experience preferred
• Excellent written /verbal communication skills
• Ability to work in a fast paced, deadline driven environment
• Good quantitative/analytical and problem-solving skills

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 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every 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.

Expected base pay rates for the role will be between $150,000.00 and $210,000.00 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

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.

At Morgan Stanley, we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. Morgan Stanley is dedicated to providing first-class service to our clients, in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions—and in the ability of capital to work for the benefit of all society.