What are the responsibilities and job description for the Finance (Finance) : Job Level - Director position at Morgan Stanley?
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.
Division Profile
The Finance Division reports to the Chief Financial Officer (CFO) and consists of 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 firmwide risk management and reduction. This division maintains relationships with Morgan Stanley's various industry and government regulators and serves as the conduit of financial information to the outside investment community.
Background on the Position
The position resides 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.
Description of the Role
The Investment Management Accounting Services team (IMAS) is part of the Finance Division and supports the Investment Management (IM) business.
This role will contribute to all aspects of the revenue cycle associated with the Division's Separately Managed Account business. Primary responsibilities include the calculation and verification of revenue accruals, preparation of client invoices, cash receipt application and generation of Accounts Receivable reports for the segment.
Primary Responsibilities
> Execute and review management fee calculations across various investment strategies and product types.
> Perform month-end close processes across several legal entities and investment teams including preparation of monthly general ledger journal entries, account reconciliation and fluctuation analysis and processing of cash receipts.
> Create and distribute client invoices adhering to client specifications and firm guidelines.
> Track and monitor management fee activity for the Division's Accounts Receivable balances.
> Prepare account reconciliation, analysis and supporting documentation for balance sheet reviews.
> Contribute to the completion and compliance with monthly Sarbanes Oxley 404 internal controls. Qualifications
> Bachelor's degree in finance/accounting or related field with 5-7 years related experience.
> Exhibit strong attention to detail and follow up.
> Strong technical skills with proficiency in Microsoft Excel and Word.
> Experience with SAP general ledger and accounts receivable software a plus.
> Experience with REVPORT or other management fee calculation and invoicing application a plus.
What You Can Expect From Morgan Stanley
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. 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 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
Salary range for the position: $75,000.00-$120,000.00 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 X 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).
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.
Division Profile
The Finance Division reports to the Chief Financial Officer (CFO) and consists of 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 firmwide risk management and reduction. This division maintains relationships with Morgan Stanley's various industry and government regulators and serves as the conduit of financial information to the outside investment community.
Background on the Position
The position resides 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.
Description of the Role
The Investment Management Accounting Services team (IMAS) is part of the Finance Division and supports the Investment Management (IM) business.
This role will contribute to all aspects of the revenue cycle associated with the Division's Separately Managed Account business. Primary responsibilities include the calculation and verification of revenue accruals, preparation of client invoices, cash receipt application and generation of Accounts Receivable reports for the segment.
Primary Responsibilities
> Execute and review management fee calculations across various investment strategies and product types.
> Perform month-end close processes across several legal entities and investment teams including preparation of monthly general ledger journal entries, account reconciliation and fluctuation analysis and processing of cash receipts.
> Create and distribute client invoices adhering to client specifications and firm guidelines.
> Track and monitor management fee activity for the Division's Accounts Receivable balances.
> Prepare account reconciliation, analysis and supporting documentation for balance sheet reviews.
> Contribute to the completion and compliance with monthly Sarbanes Oxley 404 internal controls. Qualifications
> Bachelor's degree in finance/accounting or related field with 5-7 years related experience.
> Exhibit strong attention to detail and follow up.
> Strong technical skills with proficiency in Microsoft Excel and Word.
> Experience with SAP general ledger and accounts receivable software a plus.
> Experience with REVPORT or other management fee calculation and invoicing application a plus.
What You Can Expect From Morgan Stanley
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. 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 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
Salary range for the position: $75,000.00-$120,000.00 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 X 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).
Salary : $75,000 - $120,000
