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Morgan Stanley
Seattle, WA | Full Time
$189k-240k (estimate)
7 Days Ago
Director, Institutional Client Investment and Fund Accounting - Parametric
Morgan Stanley Seattle, WA
$189k-240k (estimate)
Full Time | Securities 7 Days Ago
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Morgan Stanley is Hiring a Director, Institutional Client Investment and Fund Accounting - Parametric Near Seattle, WA

Director, Institutional Client Investment and Fund Accounting - Parametric

Job Number:

3252566

POSTING DATE: May 20, 2024
PRIMARY LOCATION: Americas-United States of America-Georgia-Alpharetta
OTHER LOCATIONS: Americas-United States of America-Minnesota-Minneapolis, Americas-United States of America-Washington-Seattle, Americas-United States of America-Massachusetts-Boston
EDUCATION LEVEL: Refer to Position Description
JOB: Asset/Investment Management
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Executive Director

DESCRIPTION

ABOUT MORGAN STANLEY
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
ABOUT PARAMETRIC
Parametric is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley. We partner with advisors, institutions, and consultants to build portfolios focused on what's important to them and their clients. A leader in custom solutions for more than 30 years, we help investors access efficient market exposures, solve implementation challenges, and design multi-asset portfolios that respond to their evolving needs. We also offer systematic alpha and alternative strategies to complement clients' core holdings.
This role is part of Parametric's hybrid working model, which includes working in the office 2-3 days a week and choosing to work remotely or in the office the remaining days of the week.
ABOUT THE ROLE
The Institutional Client Investment and Fund Accounting team provides accurate and timely portfolio accounting information to Parametric's Institutional clients, consultants, and corporate finance teams. The Director coordinates and oversees the responsibilities of Parametric's Accounting team to ensure strategic operating objectives are met. In addition, the Director will share in the responsibility for oversight and collaboration with offshore teams in Singapore and Mumbai. The Director will work with co-leaders of Institutional Operations, as well as senior leaders across the firm in Relationship Management, Portfolio Management, Finance, Risk, Compliance, Technology, Marketing, and others.
PRIMARY RESPONSIBILITIES
  • Oversee the production of timely and accurate portfolio data for both internal and external consumers
  • Ensure private placement Audited Financial Statements and Investor K-1s are delivered to all parties by the regulatory deadlines
  • Oversee production of financial data provided to regulators, internal and external auditors, and compliance.
  • Participate in presentations to counterparties, clients, prospects, consultants, vendors, and auditors, to educate on department responsibilities, procedures, systems, and controls
  • Oversee the compilation of performance reporting related to Client portfolios and supported strategies, working closely with the Global Investment Performance Standards (GIPs) team at Morgan Stanley to ensure compliance with standards.
  • Demonstrate strong leadership, fostering a positive and collaborative environment
  • Effectively manage department personnel by conducting interviews, setting goals, presenting performance appraisals, and creating employee development plans. Allocate resources to efficiently benefit from employees located in several time-zones
  • Facilitate effective training of team members, to ensure procedures are followed, and controls are effective
  • Oversee a robust reconciliation process, with the expectation the team has embraced high standards for thorough research, comprehension, and documentation of outstanding issues
  • Implement opportunities for new initiatives benefitting clients and stakeholders
  • Identify opportunities for improvement of efficiencies via proprietary and vendor systems
  • Embrace technology, always working towards improving the accuracy, effectiveness, and efficiency of the systems and controls relied upon by the department
  • Continue to pursue knowledge of accounting principles and controls, and ensure Client deliverables meet accounting standards and/or Client's customized requests
  • Utilize knowledge of accounting principals to further develop and refine system functionality, product presentation, and reporting
  • Monitor the calculation of Assets Under Management (AUM) and provide estimated and final values to be used across the firm
  • Manage crucial relationships supporting private placements such as Fund Administrator, Fund Custodian, and the Fund's appointed Auditor and Tax Accountant
  • Partner with various internal and external risk and audit teams to ensure control language and processes are appropriate, and participate in the demonstration of controls via walk-throughs and presentation of evidence

QUALIFICATIONS

JOB REQUIREMENTS
  • Bachelor's Degree with concentration in Finance or Accounting required
  • Advanced degree (MBA) or certification (CPA) preferred
  • 10 years of experience in accounting for a variety of assets such as futures, options, OTC derivatives, stocks, bonds and ABS/MBS for an Investment Manager, Hedge Fund, or similar business
  • 10 years management experience preferred
  • 10 years of experience with portfolio performance and returns calculations and adherence to the CFA's standards (GIPs) preferred
  • Competent in Microsoft Office programs with strong Excel skills
  • Expertise GAAP accounting standards
  • Experience with Private Placements and other commingled investment vehicles
  • Strong attention to detail and insistence on accuracy
  • Professional and articulate written and verbal communication style
  • Expertise in the design and implementation of appropriate and effective controls
  • Highly organized and motivated by responsibility and accountability
  • Ability to plan and prioritize to meet multiple critical deadlines.
Parametric believes each member of our organization makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties and qualifications. It is our expectation that every member of our team will offer his/her/their services wherever and whenever necessary to ensure the success of our client services.
Salary range for the position: $140,000 - $300,000/Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Job Summary

JOB TYPE

Full Time

INDUSTRY

Securities

SALARY

$189k-240k (estimate)

POST DATE

05/24/2024

EXPIRATION DATE

07/22/2024

WEBSITE

morganstanley.com

HEADQUARTERS

MANHATTAN, NY

SIZE

>50,000

FOUNDED

1924

CEO

RICHARD B FISHER

REVENUE

>$50B

INDUSTRY

Securities

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