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Morgan Stanley Investment Management (“MSIM”) is a global investment manager with over 40 years of history delivering innovative investment solutions across public and private markets worldwide. We have $1.4Tn of AUM with professionals located across 21 countries, with a proven long‐ term track record of success. Our investment teams bring significant expertise in structuring complex financial transactions and commitment to partnering with world‐ class management teams. Morgan Stanley’s extensive business relationships and global network of resources afford our private equity and credit teams as well as our portfolio companies’ unparalleled access to leading corporations, executive talent, as well as competitive deal sourcing advantages.
Newly created role within the Operations team to lead the process and ongoing oversight of our outsourced service provider for loan servicing, cash and position level accounting and reconciliation
Primary Responsibilities
- Manage the relationship between outsourced service provider and fund administrator
- Streamline daily, monthly, quarterly process and define expected deliverables
- Streamline daily, monthly, quarterly cash and position reconciliation process between outsourced service provider and fund administrator
- Develop efficient processes, reduce operational risks and ensure timely updates of system including trade processing, asset level attribute and performance reporting
- Point Person for year-end audit/monthly audit
Secondary Responsibilities
- Coordinate closing/deal execution activities with deal team, Fund Administrators, sponsors and loan agents (i.e. wires, booking trades)
- Coordinate DDTL/RC draws on various positions held in the portfolio
- Coordinate KYC
- Manage the execution of internal transfers through Clear Par with our outsourced closers
- Coordinate expense reimbursement and invoice payments from various parties
- Action borrowing/repayments for all our credit facilities along with daily cash management/cash forecasting
Every day the person would log into the IVP Dashboard and see a list of breaks for the below items.
- positions
- cash
- contracts
- Interest receivables
- Interest expenses
- Coordinate with IVP and SST on resolving breaks via email.
- Lead and manage weekly call with both parties to resolve outstanding breaks/suggest process improvements
- 3 – 7 years of relevant loan experience. Direct lending a plus but will accept BSL experience
- Bachelor’s degree, preferred in Finance or Accounting
- Project management, process improvement, system implementation are a plus
- Exceptional knowledge of loan products, loan servicing processes
- Strong problem-solving skills
- Extremely organized, able to multitask, attention to deal
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).
Wage Transparency Statement
Expected base pay rates for the role will be between $100,000 and $145,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Posting Date
Nov 10, 2023
Primary Location
Americas-United States of America-New York-New York
Job
Asset/Investment Management
Employment Type
Full Time
Job Level
Associate
