Director, Institutional Client Investment and Fund - Boston, United States - Morgan Stanley

Morgan Stanley

Verified Company

Boston, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

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
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 K1s 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 timezones
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 walkthroughs 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 wi