Morgan Stanley Fund Services
Morgan Stanley Fund Services is a wholly owned subsidiary of Morgan Stanley. Using the firm's proprietary, globally accessible technology platform, the business provides a full range of fund administration services, including daily accounting and financial reporting; tax support services; transfer agency and investor services; middle and back-office support; and integrated portfolio analytics. Morgan Stanley Fund Services is supported by more than 800 professionals based in New York, London, Dublin, Glasgow, Mumbai, Bangalore and Hong Kong.
Description:
This position requires strong accounting, US Tax, computer, communication and industry skills.
Principal Duties:
Preparation of partnership tax allocations, tax estimates, and K-1 working papers for Fund Administration clients. Duties will include preparing workpapers and providing additional tax related information requested by clients. This position requires a facility and ease with technology with the ability to create requirements and test plans for new or enhanced tax technology, as well as granular tax knowledge in the hedge fund area.
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• Prepare monthly tax reports.
• Prepare monthly fund level tax calculation reports.
• Prepare reconciliation of monthly master-feeder tax allocations.
• Prepare layering and aggregate tax allocations.
• Prepare data for special tax reports including section wash sales, constructive sales and section 1256 reporting.
• Prepare tax withholding reports.
• Prepare periodic tax estimate reports
• Prepare fund level tax allocation reports for preparation of tax estimates.
• Prepare book to tax reconciliation.
• Prepare annual K-1 working papers
• Assist in provision of reports and working papers to tax preparer.
• Assist in managing system roll outs and enhancements.
• Assist client conversion teams with new client set up.
Requirements:
• Accountant with 8-10 years of hedge fund / financial services tax experience.
• Strong computer skills. Comfortable working with technology and various internal financial applications.
• Knowledge of hedge fund tax accounting concepts including partnership tax accounting, tax allocations, management and incentive allocations.
• Experience with tax lot layering preferred.
• Experience with financial services taxation, including wash sales, PFICs, Section 1256 contracts, NPCs, Section 988, constructive sales and straddles.
• Experience with various hedge fund structures (master-feeder, mini-master, fund-of-funds).
• This position requires the ability to multi-task and balance competing client deliverables.
• Big 4 experience a plus.
• Private Equity, FOF and/or Real Estate tax experience a plus.
• Flexible approach to duties, shift timing and working hours.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
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 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
Coverage for Audit Jobs
• Monday to Friday from 12:00PM to 9:00PM India time with flexibility on standard working hours for time sensitive matters.
• Periodic evening calls with US and EMEA Internal Auditors and auditees.