MSFS- Hedge Fund / Private Equity Tax Manager
Job Number : 3259462
Posting Date
Sep 20, 2024
Primary Location
Americas-United States of America-New York-New York
Fund ServicesEmployment Type : Full TimeJob Level : Director
Description
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.
oReview monthly fund level tax calculation reports.
oReview reconciliation of monthly master-feeder tax allocations.
oReview partner tax allocation plans.
oReview layering and aggregate tax allocations.
oReview investor revaluation accounts for aggregate allocations.
oReview data for special tax reports including section wash sales, constructive sales and section 1256 reporting.
oReview tax withholding reports
oInitialization of layering
oMaintain and reconcile tax lot layering reports
oReview layering reports
oMaintain contributed security built-in gain / loss
oReview fund level tax allocation reports for preparation of tax estimates.
oReview book to tax reconciliation.
oCoordinate for issuance of investor tax estimate letters.
oReview tax allocation reports prior to distribution to clients and / or tax preparers.
oReconcile master-feeder allocations
oLiaise with client tax preparers on year-end tax calculations
oSupervise calculation of taxable income and partner tax allocations
oAssist in provision of reports and working papers to tax preparer.
Qualifications
Requirements
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).