Executive Director, Deputy Chief Financial Officer & Chief Accounting Officer, North Haven Net REIT

Morgan Stanley • New York, NY

7d • $225,000 - $275,000

About The Position

Morgan Stanley Real Estate Investing (“MSREI”) is the global private real estate investment management business of Morgan Stanley. One of the most active property investors in the world for over three decades, MSREI employs a patient, disciplined approach through global value-add / opportunistic and regional core real estate investment strategies. With 17 offices throughout the U.S., Europe and Asia, regional teams of dedicated real estate professionals combine a unique global perspective with local presence and significant transaction execution expertise. MSREI currently manages $55 billion of gross real estate assets worldwide on behalf of its clients. North Haven Net REIT (“NetREIT”) is MSREI’s first public non-traded REIT product and a leading offering in MSIM’s range of evergreen alternative products. NetREIT’s strategy is to invest in a diversified portfolio of single-tenant commercial real estate properties net leased on a long-term basis to credit-worthy tenants with the objective of providing attractive current income through tax-advantaged distributions and capital appreciation. Since inception in April 2024, NetREIT has ramped an investment portfolio in excess of $2 billion and raised over $1 billion of third-party capital from over 5,000 shareholders. NetREIT conducts continuous private offerings through wire-house and RIA channels and operates as a public company registered under the ‘34 Act subject to Sarbanes-Oxley 404(a) and annual PCAOB external audit. Deputy Chief Financial Officer and Chief Accounting Officer As a part of the NetREIT team, the Deputy CFO and CAO is key to NetREIT’s financial reporting, finance and operations functions. The position involves partnering closely with MSREI’s investment and capital markets teams and working with NetREIT's independent auditors, board of trustees, outside counsel, tax advisor, fund administrator, valuation advisor, transfer agent and other vendors as well as with MSIM's in-house finance, legal, tax, risk and compliance teams.

Requirements

• 10+ years of experience in public accounting and in a finance leadership role
• Expertise in public company/SEC registered issuer reporting (Active Disclosure is a plus)
• Familiarity with commercial real estate and fair value (“NAV”) accounting
• Familiarity with REIT compliance and real estate related tax matters
• Strong oral and written communication skills; professional presence in meetings with senior management, independent auditors, board and audit committee members
• Ability to work within a team and under tight deadlines with minimal supervision
• Ability to effectively prioritize and handle multiple tasks
• BA/BS required
• CPA preferred; Big 4 experience strongly preferred

Responsibilities

• Lead Financial Reporting Function
• Oversee monthly NAV determination and disclosures in offering documents, shareholder statements and marketing materials
• Responsible for Quarterly GAAP financial statements and related footnotes and SEC filings including Form 10-K / Q, 8-K
• Act as primary contact with independent auditors
• Navigation of technical accounting concepts (e.g. ASC 805, 810, 815, 842, 323 & 326)
• Prepare meeting materials for and present to the Board of Trustees and Audit Committee
• Lead Tax Compliance and Planning
• Liaise with external tax advisers to optimize tax efficiency and ensure REIT compliance
• Planning for and managing REIT distribution tax characteristics (e.g. ROC, PPA/Cost Seg) and implications for offshore investors
• Administer tax compliance calendar (federal and state) including review of returns and 1099s in coordination with MSIM in-house tax team
• Operations and Internal Controls
• Oversee monthly operational process including portfolio-level cash activity, loan servicing, REIT distributions, subscriptions and redemptions
• Act as primary contact with fund administrator
• Review monthly valuation process and preparation of portfolio level Valuation Committee materials in conjunction with Asset Management team
• Maintain compliance with SOX 404(a) including internal control evidence, risk and controls matrix, process narratives and flowcharts
• Primary contact with MSIM internal audit
• Transaction Support
• Support investment closings coordinating between investment and asset management teams and service providers, including reviewing purchase price allocations
• Support Capital Markets team on asset level and corporate level financing transactions
• Thoughtful deal / entity structuring for optimal accounting / NAV outcomes, REIT compliance and tax efficiency (international and interstate)
• Support distribution and fund raising initiatives and due diligence processes (DDQs) for wire-house and RIA distribution channels (e.g. Mercer ODD)
• Team Management
• Manage and mentor other finance team members
• Day-to-day management of vendor relationships (Fund Administrator, Property Manager/Accountants, Valuation Advisor and Transfer Agent)

Benefits

• comprehensive employee benefits and perks in the industry

What This Job Offers

• Job Type: Full-time
• Career Level: Executive