Job Description

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.

The Morgan Stanley Private Credit (“MSPC”) platform (is part of MSIM) primarily invests in directly originated middle market loans and invests throughout the capital structure across a wide range of industry sectors. MSPC expanded its private credit platform with launch of business development company (“BDC”) to complement its current private credit product offering. The MSPC platform currently manages 2 fund families (including BDCs), which focus on different parts of the capital structure, different EBITDA ranges and different target asset yield. The MSPC platform seeks to create highly diversified portfolios of investments and provide investors with a stable cash yield, focused on capital preservation and benefits from interest rate protections. MSPC platform currently has over $14Bn in committed capital across various funds. The MSPC platform intends to raise additional pools of capital, in addition to the existing BDCs and private funds, these will include additional GP/LP structures, SMAs and additional BDCs.  

Morgan Stanley Private Credit business is looking to hire a Vice President (externally Fund Controller) candidate to perform the following principal responsibilities to support Direct Lending Funds.

We are looking for a valuation “athlete” with a solid track record of demonstrating excellence, performance, growth, and initiative.

 Key Duties/Responsibilities

•    Supervise and coordinate the production calendar to meet various valuation related deadlines 
•    Manage and maintain valuation model 
•    Manage third-party valuation specialists with investment level appraisals, detailed review of inputs, qualitative aspects and valuation models
•    Researching valuation related issues and preparing valuation policy documents and memos
•    Manage and review administrator deliverables to ensure accurate processing of valuation of investments provided in the official books and records
•    Interface with auditors and their valuation specialists in all quarterly review and audit coordination related to valuation 
•    Liaison with the internal auditors and SOX service provider on valuation related internal controls testing and enhance controls, as necessary
•    Assist in improving efficiency through technology and other special projects as needed
•    Retrieve and compile relevant portfolio company stats/information for financial reporting or investor reporting
•    Assist portfolio management team on monthly portfolio stats and quarterly portfolio review process and deliverables
•    Coordinate with shadow books service provider and review the accuracy of valuation provided 
•    Responsible for overseeing the work assignments of analysts/associates, communicating performance expectations and providing performance feedback

 QUALIFICATIONS

•    Target range of 8-12 years of experience in valuation, within finance function for an alternative investment manager with exposure to private credit, BDCs, or private equity funds 
•    Ability to implement valuation policy, related models, and reporting for various types of investments 
•    Desire to understand transaction process flows and requirements and develop processes to solve complexities as they arise
•    Experience with external valuation service providers and procedures
•    Knowledge of valuation principles including US GAAP and Investment Company 
•    Bachelor's degree with a major in Accounting or Finance
•    CFA or CPA a plus
•    Big 4 valuation firm experience preferred
•    Excellent written /verbal communication skills
•    Ability to work in a fast paced, deadline driven environment
•    Good quantitative/analytical and problem-solving skills