MSIM - Private Credit - Finance & Liability - Associate/Senior Associate

Morgan Stanley•New York, NY

1d•Onsite

About The Position

Morgan Stanley Investment Management (MSIM) is a leading global asset manager with over 40 years of history and $2.0 trillion in assets under management. The Morgan Stanley Private Credit (MSPC) Finance team is responsible for executing and managing fund-level financing solutions for various Direct Lending funds and separately managed accounts. The Finance Associate or Senior Associate will collaborate with the CFO of the direct lending platform and Head of Capital Markets on executing diverse financing solutions, including subscription-lines, corporate revolvers, asset-based facilities, securitizations, unsecured bonds, and other bespoke financing structures for direct lending funds and BDCs.

Requirements

Bachelor's Degree; preferably in Finance, Accounting, or Economics
At least 1 year of experience in the financial industry (preferably in credit funds or at a lender providing asset-level financing to a credit fund)
Strong computer skills (Microsoft Office, Adobe Acrobat) with an advanced skill level in MS Excel
Strong academic record with prior experience working in an analytical and team environment
Ability to work independently with demonstrated strong time management skills
Excellent communication, organizational, and problem-solving abilities
High level of accountability and ability to effectively prioritize tasks

Nice To Haves

Big 4 accounting firm background a plus
Private Credit Funds experience a plus

Responsibilities

Preparing internal documentation and presentations, including board approval presentations for new and amended transactions.
Prepare and maintain borrowing base calculations and other monthly and quarterly lender reporting requirements (waterfalls, borrowing bases, compliance certificates, etc.), ensuring accuracy and timeliness.
Coordinate and assist in the review of the monthly accounting close package from the third-party administrator.
Detail review monthly/quarterly valuations models and inputs.
Research accounting issues and prepare technical accounting policy documents.
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.
Coordinate asset-level approval with MSPC’s asset-based lenders in advance of putting assets into SPV financing vehicles.
Liaise with MSPC deal teams to address any follow-up questions or data requests from lenders.
Liaise with MSPC finance team to explain accounting implications of new or amended financing arrangements on fund performance.
Work with third-party administrators, collateral agents, and custodians to review monthly/quarterly waterfall, borrowing bases, etc.
Work with the liability management team, fund lenders, and auditors on Agreed Upon Procedure audits.
Coordinate with fund operations on the timing and availability of fund borrowings and repayments.
Coordinate with rating agencies to obtain relevant issuer or portfolio company ratings or credit estimates.
Review the tie-out of quarterly/annual financial statements and assist in the implementation of new accounting requirements with auditors and administrators.