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Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
Department Profile
The Finance Division reports to the Chief Financial Officer and consists of some 3,000 employees worldwide. Finance protects the Morgan Stanley franchise by serving as guardian of the Firm's books and records, and by contributing to firm wide risk management and risk reduction. This division maintains relationships with Morgan Stanley's various industry and government regulators, and also serves as the conduit of financial information to the outside investment community.
Background on the Position
The role will reside within Investment Management Finance (IM Finance) which is a department dedicated to providing support to Morgan Stanley's Investment Management segment (MSIM) a leading global asset manager across the public and private markets. Members of the IM Finance team can expect to be involved in accounting, finance and process transformation. The successful candidate will join the Revenue Operations Team responsible for the cash identification, application, and reconciliation for multiple business lines. This is a fast paced, high volume role identifying approximately 60K items representing $360M annually.
This is a hybrid role requiring 3 days onsite in Boston, MA
Primary Responsibilities / Experience
> Daily cash receipt review and identification across multiple business lines and legal entities ensuring that cash is applied accurately to client invoices.
> Daily review of brokerage account fees debited, validate data, and apply cash to client invoices.
> Ensure the accuracy of cash application, communicate billing and cash-related issues promptly for follow-up with clients.
> Responsible for the preparation of month end cash and brokerage accounts reconciliations.
> Preparation of journal entries and booking to general ledger to properly recognize trade errors, GL reclassifications, interest, withdrawals, Over/Short and foreign currency impacting cash accounts.
> Proactively seek to improve operational efficiency and effectiveness throughout the billing, cash receipt and revenue operational and accounting cycle.
> Consult with peers, management, other areas of Finance & Accounting and the business as needed.
> Ability to manage, manipulate and interpret large volumes of data.
> Assist with quarterly invoicing distribution process, completing quality control review when necessary.
Full Time
Securities
$145k-219k (estimate)
03/23/2024
04/03/2024
morganstanley.com
MANHATTAN, NY
>50,000
1924
RICHARD B FISHER
>$50B
Securities