Morgan Stanley
Investment Accountant - Parametric
Morgan Stanley, Minneapolis, Minnesota, United States, 55400
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 Investment Accountant role is responsible for activities as they relate to pooled investments, focusing on managing all aspects that contribute to the production of the Net Asset Value (NAV) of private fund product offerings. The accountant is responsible for establishing priorities, maintaining positive and productive vendor relationships, participating in investor due diligence meetings, and continuing to enhance systems, procedures, and controls. In addition, the accountant is responsible for effectively working with Client Service, Institutional Onboarding, Compliance and Legal departments to ensure the accuracy and timeliness of all reporting, inclusive of required regulatory compliance, SEC and NFA filings, financial reporting, and investor reporting.
Additionally, pooled investment product offerings such as mutual funds and collective trusts are also under the purview of this role. Activities may include institutional client communications, portfolio reconciliation oversight, product knowledge, and professional and accurate audit responses.
Primary ResponsibilitiesPerform the day-to-day accounting for investment partnerships and accounts.Work closely with the Fund's administrator daily to ensure the books and records of the funds are maintained completely and accurately, financial reporting is in accordance with US GAAP, investor statements are published and delivered to institutional investors on a timely basis and accurately.Review and approve complex characteristics of funds such as the equitable allocation of expenses to investors. Scrutinize the impact of operating expenses and expense caps.Assist in the preparation of the annual audit, issuance of each Fund's annual financial statements, filing of annual tax reporting, review investor K-1s and ensure timely payment of tax liabilities.Gather and review the data necessary to complete each of the applicable regulatory filings (Form PR, Form PF & Form PQR); this requires a close working relationship with the Compliance and Legal, as needed.Provide a central point of contact and oversight for responses to institutional client audit requests, ensuring accurate, consistent, and timely response.Implement ongoing improvements to internal systems, procedures and controls for fund accounting and client reporting, ensuring effectiveness and accuracy.Promptly escalate concerns with respect to operational risk, legal or compliance, valuation, and any other concern to management or governing committee as appropriate.Maintain positive and effective working relationships with affiliates where responsibility for product offerings are shared across the enterprise.
Job RequirementsBachelor’s Degree with concentration in Finance or Accounting, or equivalent experience5+ years relevant experience working with an Investment Manager, Hedge Fund, or Audit FirmExperience with pooled investment products and partnership accounting desiredCPA and/or MBA a plusUnderstanding of the characteristics of various asset types strongly preferred, e.g., futures, swaps, options, assets backed bonds, equities, bonds, and ETFsUnderstanding of the unique characteristics of pooled investment vehicles, including legal and regulatory requirements, partnership accounting, and redemption and liquidation conceptsProficient in Microsoft Office programs, specifically ExcelStrong attention to detail, high standard for accuracy, ability to think critically, and to anticipate and circumvent problemsAbility to plan and prioritize in order to meet deadlines and achieve objectives
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.
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).
Posting DateOct 30, 2023
Primary LocationAmericas-United States of America-Minnesota-Minneapolis
Education LevelBachelor's Degree
JobOperations
Employment TypeFull Time
Job LevelAssociate
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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 Investment Accountant role is responsible for activities as they relate to pooled investments, focusing on managing all aspects that contribute to the production of the Net Asset Value (NAV) of private fund product offerings. The accountant is responsible for establishing priorities, maintaining positive and productive vendor relationships, participating in investor due diligence meetings, and continuing to enhance systems, procedures, and controls. In addition, the accountant is responsible for effectively working with Client Service, Institutional Onboarding, Compliance and Legal departments to ensure the accuracy and timeliness of all reporting, inclusive of required regulatory compliance, SEC and NFA filings, financial reporting, and investor reporting.
Additionally, pooled investment product offerings such as mutual funds and collective trusts are also under the purview of this role. Activities may include institutional client communications, portfolio reconciliation oversight, product knowledge, and professional and accurate audit responses.
Primary ResponsibilitiesPerform the day-to-day accounting for investment partnerships and accounts.Work closely with the Fund's administrator daily to ensure the books and records of the funds are maintained completely and accurately, financial reporting is in accordance with US GAAP, investor statements are published and delivered to institutional investors on a timely basis and accurately.Review and approve complex characteristics of funds such as the equitable allocation of expenses to investors. Scrutinize the impact of operating expenses and expense caps.Assist in the preparation of the annual audit, issuance of each Fund's annual financial statements, filing of annual tax reporting, review investor K-1s and ensure timely payment of tax liabilities.Gather and review the data necessary to complete each of the applicable regulatory filings (Form PR, Form PF & Form PQR); this requires a close working relationship with the Compliance and Legal, as needed.Provide a central point of contact and oversight for responses to institutional client audit requests, ensuring accurate, consistent, and timely response.Implement ongoing improvements to internal systems, procedures and controls for fund accounting and client reporting, ensuring effectiveness and accuracy.Promptly escalate concerns with respect to operational risk, legal or compliance, valuation, and any other concern to management or governing committee as appropriate.Maintain positive and effective working relationships with affiliates where responsibility for product offerings are shared across the enterprise.
Job RequirementsBachelor’s Degree with concentration in Finance or Accounting, or equivalent experience5+ years relevant experience working with an Investment Manager, Hedge Fund, or Audit FirmExperience with pooled investment products and partnership accounting desiredCPA and/or MBA a plusUnderstanding of the characteristics of various asset types strongly preferred, e.g., futures, swaps, options, assets backed bonds, equities, bonds, and ETFsUnderstanding of the unique characteristics of pooled investment vehicles, including legal and regulatory requirements, partnership accounting, and redemption and liquidation conceptsProficient in Microsoft Office programs, specifically ExcelStrong attention to detail, high standard for accuracy, ability to think critically, and to anticipate and circumvent problemsAbility to plan and prioritize in order to meet deadlines and achieve objectives
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.
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).
Posting DateOct 30, 2023
Primary LocationAmericas-United States of America-Minnesota-Minneapolis
Education LevelBachelor's Degree
JobOperations
Employment TypeFull Time
Job LevelAssociate
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