Tax Equity Controller

Morgan Stanley; Baltimore (MD); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Medical benefits

401(k) plan

Paid time off

Job summary

Morgan Stanley is seeking a detail-oriented finance professional to join the Tax-Equity Controllership team in Baltimore. You will participate in month-end close, review P&L, maintain ledgers and reconciliations, and support SEC disclosures for structured products.

The role requires strong accounting knowledge, Excel and PowerPoint skills, and the ability to manage multiple tasks in a fast-paced environment. CPA is a plus and collaboration with multiple business units is essential.

Qualifications

• Strong accounting knowledge and experience in financial reporting.
• Analytical, technical and organizational skills with attention to detail.
• Ability to manage multiple tasks in a fast-paced environment.
• Excellent interpersonal and communication skills, across levels.

Responsibilities

• Calculate and review Monthly Profit and Loss.
• Develop ledgers and intercompany reconciliations; set up trading accounts and GL accounts.
• Update and maintain files to support month-end reporting.
• Collaborate with Business Unit, Operations, Legal Entity Controllers, Tax and third parties to report balance sheet and income statements.
• Facilitate general ledger close process monthly; create Trial Balances.
• Prepare and review weekly revenue and balance sheet reporting; restate related journals.
• Assist with monthly Principal Investment reporting and quarterly disclosures (FRB/SEC).
• Perform ad-hoc analysis/projects as needed.

Skills

Accounting knowledge

Analytical skills

Communication skills

Attention to detail

Team collaboration

Education

CPA certification

Tools

Excel

PowerPoint

Job description

Company Profile: Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm’s employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow.

Department Profile: The Finance Division reports to the Chief Financial Officer and consists of some 3,000 employees worldwide. Finance protects the Morgan Stanley franchise by serving as guardian of the Firm’s books and records, and by contributing to firm wide risk management and risk reduction. Finance plays a critical role as advisor to Morgan Stanley’s various businesses and its senior management team.

The Morgan Stanley Baltimore office is a critical component of the Firm`s Global footprint and has 1,400 employees that provide support and services to the Investment Banking, Securities, Investment Management and Wealth Management Businesses.

Team Profile: Our Investment Banking Division Finance team is currently seeking to engage with Baltimore’s leading talent to fill a position on the Tax-Equity Controllership team. The role requires a highly motivated individual with strong analytical, accounting, technology, people and communication skills. The successful candidate will be involved in all aspects of the Income statement and Balance Sheet reporting processes for structured financial products such as investments and loans. This position requires an understanding of Profit and Loss models (investment accounting) as well as a familiarity with standard month-end general ledger closeout processes, significant Accounting Policies and financial and regulatory reporting functions. We are particularly interested in speaking with you if are a detail-oriented individual with strong accounting and PC skills, as well as a willingness to take on and prioritize various ad-hoc projects.

Responsibilities:

• You will calculate and perform critical review of Monthly Profit and Loss. This requires the ability to understand and read financial models and report Profit and Loss and associated cash and non- cash impacts, such as return of capital, dividend accruals and tax credits.
• You will develop general ledger and sub ledger intercompany loans/associated reconciliations as well as set up trading accounts, GL accounts and support SEC line item clean up
• You will Update and maintain accurate files to support month end reporting
• You will work closely with the Business Unit, Operations, Legal Entity Controllers, Tax Department and third party providers on a regular basis to report balance sheet and income statement events (sub ledger and general ledger journals)
• You will facilitate general ledger close process monthly; includes the creation of Trial Balances
• You will prepare and review weekly revenue and balance sheet reporting for monthly reconciliation differences and monthly restatement of reporting system and related journals
• You will assist with the preparation of the monthly Principal Investment reporting
• You will support monthly reporting and quarterly reporting including FRB and SEC, Disclosures
• You will perform ad-hoc analysis/projects as needed

Preferred Qualities:

• You have strong accounting knowledge.
• You have strong analytical, technical and organizational skills with high regard for attention to detail and accuracy.
• You have the ability to handle multiple tasks in a timely and effective manner and thrive in a fast-paced environment.
• You are a team player with strong interpersonal and communication skills.
• You have strong analytical and technical skills including Excel and PowerPoint.
• You are able to communicate effectively across all levels.
• CPA is a plus.

We are focused on bringing together different backgrounds, experience and talents to deliver world class service. If you are a driven self-starter, client-focused, and eager to contribute to a leading Global Financial Services firm. We welcome all backgrounds and experiences, and no direct industry experience is required.

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.

Salary range for the position: $60,000 - $90,000/ Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.

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.