Director (AVP) - Private Equity Accounting Operations

We're seeking someone to join our team in IM Operations to provide operational and portfolio management support for a global private equity program across primary fund investing, co-investing, secondaries, and impact-oriented strategies, including social impact and climate solutions. This role involves developing and maintaining external relationships with business stakeholders and third-party service providers.

About the role

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 the Director level within Product Support and Services, responsible for providing transaction support and managing post-execution processes.

Responsibilities

• Serve as a subject matter expert within the functional area, working with the Team Manager to manage processes, risks, and/or projects, proposing and implementing improvements/changes
• Act as a key problem solver for the area of expertise, applying detailed knowledge to address unique or novel situations, recognize risks, and draw out key issues
• Actively monitor 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 and maintain portfolio activity in AIS's parallel portfolio accounting system, Investran
• Reconcile transactions, valuations, management fees, carried interest calculations, P&L components, and other activity on a monthly/quarterly basis to ensure accuracy
• Verify accuracy of investor capital account balances and capital activity on a monthly/quarterly basis
• Understand and interpret underlying fund investment financial statements to prepare and/or validate valuations and participate in internal fair valuation committee meetings
• Work on complex structures containing multiple vehicles such as leveraged corporate blockers and AIVs, develop an understanding of these structures, and ensure adequate controls are in place
• Prepare various carried interest calculations for complex structures and different waterfall types, such as specific investment exclusion
• Understand carried interest based on terms 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
• Perform quarterly compliance reporting and highlight instances of potential noncompliance with the products' governing documents
• Sign off on net asset value and performance-based information on a monthly and quarterly basis

Requirements

• Ability to lead by example, work with drive and determination, and put forward challenging views to senior levels
• Comprehensive knowledge and understanding of the functional area and operational/compliance policies and procedures of their team
• Ability to operate independently across the majority of day-to-day responsibilities
• Culture carrier across Operations, embracing the Firm's core values and acting as a role model
• Bachelor’s degree, or equivalent, in Accounting, Finance, or a related business field
• A minimum of five years of investment accounting experience
• Prior experience in private equity or real estate investment accounting is required
• Knowledge of hedge fund accounting and/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
• Ability to work effectively in a fast-paced environment with minimal supervision and a high level of attention to detail

Schedule

This role is hybrid and will require in-office attendance 3 days per week.

Benefits

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 diverse backgrounds and experiences. We offer some of the most attractive and comprehensive employee benefits and perks in the industry, as well as ample opportunity to move about the business for those who show passion and grit in their work.