Morgan Stanley

Sometimes Being Fired for an Independence Snafu Isn’t That Hard of a Pill to Swallow

Late on Friday, TransMontaigne Partners, L.P.*, "a terminaling and transportation company," issued a press release announcing that they had successfully filed its 10-K for 2011. Not a big deal really, but reading further one discovers that the company had very recently fired KPMG as its auditor: As previously disclosed, the audit committee of our general partner […]

Job of the Day: Morgan Stanley Needs an Infrastructure Controller

Morgan Stanley is looking for someone to join their Private Equity Finance Division to handle financial reporting, tax support and business analysis for its Fund Infrastructure complex.

The position requires seven to nine years experience and a CPA license.

Get more details on this position in New York after the jump.


Company: Morgan Stanley

Title: Infrastructure Controller – Vice President

Location: New York, NY

Description: Morgan Stanley is looking for a Fund Controller for Private Equity Finance Division to provide accounting and financial reporting, tax support and business analyses for a multi -billion dollar fund. The open position is a Vice President for the Firm’s Infrastructure Fund complex and related feeder funds

Responsibilities: Review of GAAP basis accounting closings for the Partnerships, including maintenance of books and records, valuation of publicly traded and non-public investment portfolios and cash and brokerage records; Review of quarterly GAAP basis financial statements for the Partnerships, cash flow statements, schedules of investments and footnotes; Review of quarterly reports for partners, including detail roll forward analyses of Partner Capital Accounts (PCAAs) and ad hoc investor requests; Identify and resolve partnership legal, tax and accounting issues subject to investment company accounting guidance. Work with the Partnerships’ auditors to issue year end audited financial statements; Review of accounting and reporting for the Partnerships’ general partners and leveraged co-investment vehicles which are owned by the Firm and Partnerships’ Management personnel; Review of capital calls, management fees, expense analyses, investment purchases and sales and distributions; Communicate, coordinate and work with Partnerships’ Management and the Firm’s finance, administration and operations areas (such as Investor Relations, Treasury, Tax, and Legal); Ensure proper guardianship controls over partnership assets and compliance with procedures documented as required by Sarbanes Oxley; Identify opportunities to use technology to enhance accounting, reporting and operating processes; Assist with the operations of portfolio holding companies.

Qualifications: 7-9 years of accounting experience including financial statement preparation experience and prior experience in Private Equity and/or Hedge Fund area; CPA required

See the entire description over at the GC Career Center and visit the main page for all your job search needs.

Job of the Day: Morgan Stanley Needs a Merchant Banking Accounting VP

Morgan Stanley is looking for someone to join their Merchant Banking Accounting and Control Group to handle day-to-day operations and managing the processing and the financial reporting of several products including real estate, private equity and infrastructure.

The position requires three to five years experience. Get more details on this position in New York after the jump.


Company: Morgan Stanley

Title: Merchant Banking Accounting VP

Location: New York, NY

Description: This position within the Merchant Banking Accounting and Control Group includes responsibilities of handling the day-to-day operations and managing the process and deliverables involved in consolidated accounting and reporting of the various Merchant Banking products (Real Estate, Private Equity, Infrastructure, and other private placements) as related to Morgan Stanley’s interest, both as a General Partner and Limited Partner, in each of the underlying funds.

Responsibilities: Ongoing support to and liaison with the Business Unit/Senior Management/Corporate / External Reporting/Segment Group/Fund Controllers/Various Other Internal Divisions: Responsible for monthly close process (Firm’s books); Involvement in new product developments and meetings; Involvement in accounting policy development and implementation; Other areas of exposure include Maintaining the general ledger and Marking to market the Morgan Stanley LP and GP interests in various Merchant Banking funds, Various Disclosures Requirements (FIN 45, FN 46R, FAS 157, FAS 157 g, FAS 159, FAS 160, FAS 161, etc.), SOX /404 documentation, Balance Sheet Review & Reporting, Legal Entity Reporting, Process Control, Transfer Pricing, PBT Analysis, Expense Analysis & Billing, Due Diligence, Senior Management Reporting, Cost of Capital, and others

Qualifications: 3-5 years experience; Bachelors Degree in Accounting or Finance; Strong Accounting Skills

See the entire description over at the GC Career Center and visit the main page for all your job search needs.

Job of the Day: Morgan Stanley Needs an Internal Audit Senior Manager

Morgan Stanley needs a Internal Audit Senior Manager to join its Institutional Securities Group. This person will assist the Institutional Securities audit team in completing its annual audit plan, communicating to senior management and the Audit Committee those areas requiring control enhancements and improvements.

The position requires a minimum of seven years experience with a CPA license or equivalent strongly preferred.

Get more details on this position in New York, after the jump.


Recruiter: Morgan Stanley

Title: Internal Audit Senior Manager – Institutional Securities Group

Location: New York, NY

Minimum experience
: 7 years

Description: The person in the role will assist the Internal Audit department’s Institutional Securities audit team in completing its annual audit plan, communicating to senior management and the Board Audit Committee those areas requiring control enhancements and providing recommendations for improvements.

Responsibilities: Preparing audit planning memorandum including identifying and evaluating key risks, setting audit scope, determining budgets and staff assignments; possessing considerable experience performing walkthroughs, assessing the internal control environment and performing controls and substantive testing; being able to supervise and mentor junior staff, and review work papers to ensure they meet internal standards; being able to manage audits to meet budgets and the time frame for completing audits; being able to properly assess potential findings for significance; drafting audit reports including writing clear and concise findings and recommendations; following up actions quarterly with clients through to completion.

Qualifications: 4 year college degree required, CPA or international equivalent strongly preferred; seven to ten years experience in financial services with a preference for those with at least five years auditing financial services; strong knowledge of financial instruments including derivatives (e.g. good understanding of option valuation, able to discuss trading strategies with the front office).

See the entire description over at the GC Career Center and visit the main page for all your job search needs.

Job of the Day: Morgan Stanley Needs a Stock Option Guru

With all the outrage around big bonuses more executives (read: Jamie, Lloyd) will be getting larger portions of their payouts in the form of equity. This is good news for those of you that can’t get enough of FAS 123(R) or Topic blah blah blah in the codification.

Morgan Stanley is looking for an associate or senior associate to join their financial controllers group that will specialize in compensation reporting, preferably a CPA or CPA candidate with proficiency in equity-based compensation plans.

Get the details after the jump.


Company: Morgan Stanley

Title: Associate/Sr Associate – Financial Controllers (Compensation Accounting)

Location: New York, NY

Experience: 2 – 5 years

Description: Compensation Accounting Team within HR Controllers is seeking to fill a newly created position at the Associate or Sr. Associate level. This position will be responsible for functions related to compensation reporting and will work on the accounting related to the firm’s equity-based compensation plans.

Responsibilities: Managing the reporting of actual and estimated earnings per share information for external reporting purposes and monthly forecasting to senior management; Monthly, quarterly and year-end financial close activities: general ledger maintenance, journal entries and account reconciliations; Booking amortization for stock-based compensation performance awards and cash-settled equity awards; Maintaining a strong control environment and audit documentation over various share reporting & earnings per share related areas; Improving the reporting and analytics related to equity-based compensation plans.

Skills: B.A./B.S. Accounting or Finance; CPA or CPA-candidate preferred; approximately two to five years related work experience in financial accounting and/or financial reporting preferred; financial services industry and stock-based compensation experience preferred; proficiency in technical accounting research skills related to earnings per share and stock-based compensation preferred (e.g., FAS 128, FAS 123R, ASC 718, ASC 260).

See the entire description over at the GC Career Center and visit the main page for all your job search needs.

Scoping | 07.22.09

BlackRock chief attacks Wall Street earningsSomebody’s jealous. [FT.com]
Credit Card Disputes Tossed Into Disarray – “Two major arbitration firms are backing away from the business of resolving disputes between customers and their credit-card and cellphone companies, throwing into disarray a controversial system that prevents unhappy consumers from filing lawsuits.” [WSJ]
Federal reserve chief heads back to Capitol Hill– “Federal Reserve Chairman Ben Bernanke heads back to Capitol Hill Wednesday, where he’s likely to face more tough questions about the central bank’s extraordinary actions to rescue the economy and its ability to take on even more responsibility.” [AP via Miami Herald]
Morgan Stanley Loss Misses Estimates on Debt Costs – Creative accounting can’t help MS…[Bloomberg]
Wells Fargo Says Bad Loans Rise in Second Quarter; Shares Drop – …Or Wells [Bloomberg]