Fund Controller Vice President

Morgan Stanley•New York, NY

About The Position

Morgan Stanley Investment Management (“MSIM”), together with its investment advisory affiliates, has more than 3,200 investment professionals around the world. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. MSIM is one of the three business segments of Morgan Stanley. MSIM currently has $1.9 Trillion in assets under management. The Morgan Stanley Private Credit (“MSPC”) platform (is part of MSIM) primarily invests in directly originated middle market loans and invests throughout the capital structure across a wide range of industry sectors. MSPC expanded its private credit platform with launch of business development company (“BDC”) to complement its current private credit product offering. The MSPC platform currently manages 2 fund families (including BDCs), which focus on different parts of the capital structure, different EBITDA ranges and different target asset yield. The MSPC platform seeks to create highly diversified portfolios of investments and provide investors with a stable cash yield, focused on capital preservation and benefits from interest rate protections. MSPC platform currently has over $23Bn in committed capital across various funds. The MSPC platform intends to raise additional pools of capital, in addition to the existing BDCs and private funds, these will include additional GP/LP structures, SMAs and additional BDCs. Morgan Stanley Private Credit business is looking to hire a Vice President (externally Fund Controller) candidate to perform the following principal responsibilities to support Direct Lending Funds. We are looking for an accounting and finance “athlete” with a solid track record of demonstrating excellence, performance, growth, and initiative.

Requirements

Target range of 8-12 years of experience in financial accounting, or finance function for an alternative investment manager with exposure to private credit, BDCs, or private equity funds
Ability to implement accounting and reporting for various investment structures or funds
Desire to understand transaction process flows and requirements and develop processes to solve complexities as they arise
Experience with external audit processes and procedures
Knowledge of accounting principles including US GAAP and Investment Company Accounting
Bachelor's degree with a major in Accounting or Finance
Excellent written /verbal communication skills
Ability to work in a fast paced, deadline driven environment
Good quantitative/analytical and problem-solving skills

Nice To Haves

CPA a plus
Big 4 accounting firm experience preferred

Responsibilities

Supervise and coordinate the production calendar to meet various deadlines (MS firm, SEC and investors deliverables)
Manage and maintain internal income forecast model to estimate distributable income
Manage third-party valuation specialists with investment level appraisals, detailed review of inputs, qualitative aspects and valuation models
Researching accounting issues and preparing technical accounting policy documents and memos
Manage and review administrator deliverables to ensure accurate processing of activity, timely receipt of deliverables, accuracy of NAV reporting and financial statements, and accuracy of investor notices and reporting
Interface with auditors in all quarterly review and audit coordination and completion as well as for the internal controls assessment
Liaison with the internal auditors and SOX service provider on internal controls testing and enhance controls, as necessary
Coordinate with tax team and review of the quarterly and annual RIC tests
Coordinate with external tax firms to review annual tax returns, K-1s and local filings with help of tax team and tax service providers
Review the tie-out of quarterly/annual financial statements and assist in implementation of new accounting standards with auditors and fund administrators
Review SEC filings, such as 8Ks, 10Qs, 10Ks, earnings releases, supplemental reporting, and provide comments
Detail review of all investor reporting as necessary (i.e. capital account statements, capital calls and distributions notices and performance reporting)
Assist in improving efficiency through technology and other special projects as needed
Retrieve and compile relevant financial information for investor correspondence
Review and provide input to all Fund-related regulatory filings, participate in efforts to respond to regulatory requests and inquiries related to the BDCs/Funds
Coordinate with portfolio management team on monthly portfolio stats and quarterly portfolio review process
Coordinate with shadow books service providers and review the monthly NAV reconciliations
Detail review of the monthly/quarterly credit facilities waterfall payment file
Detail review of the credit facility reporting and compliance with credit facility agreements
Responsible for overseeing the work assignments of analysts/associates, communicating performance expectations and providing performance feedback