IM Operations- Portfolio Accounting- Associate

About the role

We are seeking an experienced and detailed-oriented Portfolio Accounting & Recordkeeping Associate to support and develop a best-in-class Portfolio Accounting function. 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 Associate level position within the Core Services, which is responsible for performing and managing product-agnostic and centralized operational services across several businesses and products. This role will be responsible to ensure accurate, timely, and globally consistent portfolio accounting, valuation, and production of the official investment/performance book and record.

Responsibilities

• Execute complex processes and assist a Team Manager in coordinating processes, risks and/or projects in a Team Lead capacity
• Recognize risk in day-to-day processes to draw out the key issues and leverage detailed knowledge to propose changes in process
• Train others, allocate tasks and support with first line escalation where required
• Share expert knowledge across the team, contribute to team output and development, building relationships across the Firm
• Publish the official Aladdin Portfolio Asset Value on a monthly, in accordance with client and reporting SLAs, including performing all Quality Control (QC) checks to finalize and close the books.
• Execute daily portfolio accounting and recordkeeping processes, ensuring all transactions (trades, income, accruals, corporate actions) and positions are processed timely, completely, and accurately.
• Data integrity and validation ensuring complete, accurate, and timely start of day positions to support investment process, including start of day cash and projected cash to support investment teams.
• Identify, research, and resolve exceptions to the accounting books of record (start of day, end of day, and period close) within established SLAs.
• Provide subject matter support for Aladdin Accounting transaction, position, and valuation data.

Requirements

• Comprehensive knowledge and understanding of functional area and operational/compliance policies and procedures of their team
• Ability to operate independently with respect to some job responsibilities
• Culture carrier across Operations, embracing the Firm's core values
• BS/BA degree required. A minimum of 3 years of related experience, preferably in asset management with experience working in portfolio or fund accounting.
• Experience across a broad spectrum of portfolio types: Separately Managed, Sub-advised, Funds (e.g. Mutual Fund, OIEC, etc..).
• Exposure to middle office operations including but not limited to trade settlement, IBOR/ABOR, transaction lifecycle events across spectrum of asset class (equity, fixed, derivatives), cash and position reconciliation, performance reporting.
• Experience with accounting systems; preferably Aladdin a plus
• Experience with Microsoft Office products (outlook, excel, word, and PowerPoint)
• Automation first mindset
• Experience with implementing process improvements and transformation

Qualifications

• Good judgment
• Detail oriented
• The ability to prioritize multiple tasks, within team environment

Skills

• Comprehensive knowledge and understanding of functional area and operational/compliance policies and procedures of their team
• Ability to operate independently with respect to some job responsibilities
• Culture carrier across Operations, embracing the Firm's core values
• BS/BA degree required. A minimum of 3 years of related experience, preferably in asset management with experience working in portfolio or fund accounting.
• Experience across a broad spectrum of portfolio types: Separately Managed, Sub-advised, Funds (e.g. Mutual Fund, OIEC, etc..).
• Exposure to middle office operations including but not limited to trade settlement, IBOR/ABOR, transaction lifecycle events across spectrum of asset class (equity, fixed, derivatives), cash and position reconciliation, performance reporting.
• Experience with accounting systems; preferably Aladdin a plus
• Experience with Microsoft Office products (outlook, excel, word, and PowerPoint)
• Automation first mindset
• Experience with implementing process improvements and transformation

Benefits

• At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.
• Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Pay

Expected base pay rates for the role will be between $80,000 and $115,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Schedule

Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.