Alternative Investment Services Private Equity Portfolio Accounting Operations Director

Morgan Stanley•West Conshohocken, PA

10d

About The Position

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 Operations Business Management.

Requirements

Front-to-back knowledge of the processes, projects, systems, markets and instruments that influence their team with a comprehensive understanding of job-related operational/compliance policies and procedures
Ability to think commercially, understand the impact of initiatives, risks on the operational budget
Ability to address non-standard issues within area of expertise
Culture carrier and role model, representing and leading the Firm's core values to influence and motivate those around you
Bachelors degree, or equivalent, in Accounting, Finance, or related business field
Prior experience in private equity or real estate investment accounting is required.
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
At least 6 years' relevant experience would generally be expected to find the skills required for this role.

Nice To Haves

Knowledge of hedge fund accounting and/or derivatives, or experience with Investran, is a plus.

Responsibilities

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/quarterly basis.