Morgan Stanley Fund Services is a wholly owned subsidiary of Morgan Stanley that administers over $500 billion of hedge fund, family office and private equity assets. Using the Firm’s proprietary, globally accessible technology platform, the business provides a full range of fund administration services, including NAV accounting and financial reporting; tax reporting, transfer agency and investor services; middle and back-office support; and integrated portfolio analytics. Morgan Stanley Fund Services is supported by approximately 1,400 professionals based in New York, London, Hong Kong, Dublin, Glasgow, Bangalore, and Mumbai.

Description

Morgan Stanley Fund Services is seeking a tax senior manager to service hedge fund, private equity and family office clients. The position requires strong accounting, tax, computer, communication, presentational, and leadership skills, a facility and ease with technology, as well as granular tax knowledge in the hedge fund, family office and private equity areas.

Principal Duties:

Supervise Tax Staff in preparation of partnership tax allocations, tax estimates, and K-1 working papers for Fund Administration clients. Responsible for providing tax allocation workpapers and estimates to tax preparers for client hedge funds. Duties will include reviewing workpapers and reports prepared by tax staff and providing additional tax related information requested by clients.

The Tax Manager will be responsible for reviewing monthly tax reports, maintaining tax allocation plans, assisting the client conversion team with new client set-ups, and assisting clients with tax reports. This position requires a facility and ease with technology, as well as granular tax knowledge in the hedge fund area.

The Tax Manager will assist in providing reports and working papers to client tax preparers. Job responsibilities include also reviewing tax allocation and fund level reports prior to their distribution to clients and/or tax preparers.

· Review monthly tax reports.

o Review monthly fund level tax calculation reports.

o Review reconciliation of monthly master-feeder tax allocations.

o Review partner tax allocation plans.

o Review layering and aggregate tax allocations.

o Review investor revaluation accounts for aggregate allocations.

o Review data for special tax reports including section wash sales, constructive sales and section 1256 reporting.

o Review tax withholding reports

· Responsible for maintenance of partnership tax lot layering

o Initialization of layering

o Maintain and reconcile tax lot layering reports

o Review layering reports

o Maintain contributed security built-in gain/loss

· Review periodic tax estimate reports

o Review fund level tax allocation reports for preparation of tax estimates.

o Review book to tax reconciliation.

o Coordinate for issuance of investor tax estimate letters.

· Review annual K-1 working papers

o Review tax allocation reports prior to distribution to clients and/or tax preparers.

o Reconcile master-feeder allocations

o Liaise with client tax preparers on year-end tax calculations

o Supervise calculation of taxable income and partner tax allocations

o Assist in provision of reports and working papers to tax preparer.

· Review various special tax reports.

· Assist client conversion teams with new client set up.

· Direct client and tax preparer contact.

Requirements

-Accountant with 8 plus years of hedge fund / financial services tax experience. CPA preferred.

-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.

-Strong team and interpersonal skills.

Expected base pay rates for the role will be between $105,000 and $170,000 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.

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).

Job: *Fund Services

Title: *MSFS- Hedge Fund/Private Equity Tax Manager *

Location: New York-New York

Requisition ID: 3247360