Director (AVP) - Alternative Investment Services Operations

About the role

We’re seeking someone to join our team as a Director within the Alternative Investment Services (AIS) team supporting the Portfolio Solutions Group (PSG).

Responsibilities

• Actively monitor portfolio investment and investor subscription and redemption activity for multiple PSG portfolios and custodian banks;
• Ensure satisfactory settlement of those transactions, including cash distributions and receipts;
• Develop significant levels of expertise of the holdings, terms, and transactions of multiple portfolios, providing intuitive and proactive accounting oversight.
• Provide regular daily portfolio, investment, and performance reporting and investment management support;
• Respond to numerous ad hoc requests from investment management, investors and other internal and external stakeholders;
• Oversee third-party service providers in posting activity to the portfolios' general ledger and maintaining portfolio level activity in PSG's investment book of record portfolio accounting system, Investran.
• Ensure the integrity of transactional and valuation data in Investran through the review of contract notes, capital statements and underlying fund correspondence, and work with the pricing team to resolve any transaction or valuation discrepancies.
• Reconcile transactions, valuations, management and performance fee calculations, P&L components, and other activity between Investran and the third-party service providers' records on a monthly or quarterly basis to ensure accuracy.
• Verify accuracy of investor capital balances, NAV allocations, and capital activity on a monthly or quarterly basis.
• Review daily cash reconciliations performed with multiple custodian banks and ensure outstanding items are resolved on a timely basis.
• Prepare monthly performance reports for investment management and clients using valuations from underlying investments, cash balances, and derivatives valuations.
• Track email correspondence within the team's group mailbox and escalate time-sensitive correspondence to the appropriate internal parties.
• Perform monthly compliance reporting and highlight instances in which there may be potential noncompliance with the portfolios' governing documents.
• Provide support for Fund, regulatory, and other audits; attend valuation committee meetings; assist with preparation of materials for periodic board of director meetings; assist with review of offering documents for new products and supporting other areas of product development, as needed.
• Work effectively with third-party service providers and internal parties to ensure a high level of service for the portfolios; raise service issues in an appropriate manner and follow up issues to resolution; create or enhance processes to improve the efficiency of the Operations and investment teams.

Requirements

• Bachelor's degree, or equivalent, in Accounting, Finance, or related business field.
• A minimum of three years of experience in operations is required; experience with accounting is preferred.
• Knowledge of hedge funds, private equity, or fund of funds investment accounting or derivatives, or experience with Investran, is a plus.
• Strong organizational and analytical skills and the ability to effectively summarize findings, both verbally and in writing, in a clear and concise manner.
• Strong relationship management and communications skills.
• Detail-oriented and highly motivated.
• Ability to work effectively with minimal supervision.

Qualifications

• Bachelor's degree, or equivalent, in Accounting, Finance, or related business field.
• Minimum of three years of experience in operations.
• Experience with accounting is preferred.
• Knowledge of hedge funds, private equity, or fund of funds investment accounting or derivatives, or experience with Investran.
• Strong organizational and analytical skills.
• The ability to effectively summarize findings, both verbally and in writing, in a clear and concise manner.
• Strong relationship management and communications skills.
• Detail-oriented and highly motivated.
• Ability to work effectively with minimal supervision.

Skills

• Accounting and finance knowledge.
• Investment accounting and derivatives experience.
• Investment management and portfolio support.
• Operational and portfolio management support.
• Performance reporting and investment management support.
• Third-party service provider oversight.
• Transaction and valuation data integrity.
• Cash reconciliation and capital activity verification.
• Compliance reporting and noncompliance identification.
• Support for audits and valuation committees.
• Effective communication and relationship management.
• Detail-oriented and analytical skills.
• Ability to work independently and with minimal supervision.

Benefits

Morgan Stanley offers competitive compensation and benefits, including:

• Health insurance plans.
• Pension plan.
• Retirement savings plan.
• Flexible spending account.
• Life insurance.
• Disability insurance.
• Employee assistance program.
• Parental leave.
• Wellness programs.
• Professional development opportunities.
• Flexible work arrangements.
• Community involvement and volunteer programs.
• Employee discounts.
• Employee referral bonuses.

Pay

Compensation is competitive and commensurate with experience and qualifications.

Schedule

Full-time position.