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MSPC- Loan Execution- Senior Associate

MSPC- Loan Execution- Senior Associate

Morgan StanleyNew York, NY, US
30+ days ago
Job type
  • Full-time
Job description

Job Opportunity At Morgan Stanley Investment Management

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. As of December 31, 2024, MSIM has over $1.6 trillion of assets under management.

The Morgan Stanley Private Credit Platform ("MSPC") is the primary private credit platform at Morgan Stanley. MSPC sits within MSIM and has a proven long-term track record of investing in private credit. We primarily invest in directly originated middle market loans and invests throughout the capital structure across a wide range of industry sectors. Our investment teams bring significant expertise in structuring complex financial transactions and commitment to partnership with world class management teams. MSPC has over $22 billion of investable capital dedicated to private credit across two strategies and 70+ investment professionals with offices in NY, CHI, and LA.

The two dedicated private credit strategies are :

  • Direct Lending strategy is executed through business development companies, commingled funds and SMAs
  • Opportunistic Credit strategy is executed through commingled private funds

Role Description :

This newly created role within the Operations team will primarily focus on deal execution across the private credit platform. The individual will partner with existing Operations team personnel to successfully execute all deal closing related activity including primaries, incrementals, secondaries, internal transfers, amendments and restructurings. The individual will also be expected to be a key member in contributing to the build-out of MSPC's agency process to support a growing pipeline of deals in which MSPC is expected to be selected as Administrative Agent.

The individual should expect to have responsibilities including but not limited to :

  • Work with internal teams including Operations, Finance and Liability Management to ensure sufficient funding is available in advance for all deal execution activity
  • Assist Operations team in providing KYC to Administrative Agents in advance of deal closings
  • Provide allocations to agents and review funding notices to ensure that allocations and economics reconcile to MSPC's internal records
  • Communicate relevant deal related information to downstream service providers such as fund administrators, trustees and shadow books and records provider
  • Review security master detail to ensure that all mandatory fields are populated and accurate in advance of trade bookings
  • Book trades within MSPC's order management system and confirm the successful transmission downstream to relevant service providers
  • Ensure that fundings are released as early as possible after all internal and external approvals have been received
  • Assist in agency-related operational tasks for deals in which MSPC is selected as Administrative Agent
  • Work with MSPC sub-agent, Alter Domus, to collect borrower and lender KYC
  • Coordinate and obtain allocations for all lenders in the syndicate to be provided to sub-agent
  • Prepare, review and reconcile funds flow in coordination with MSPC Operations, Investment Team and relevant sponsor or deal counsel
  • Assist with all internal communication needed across Operations, Finance, Liability Management and Investment Team to ensure successful deal execution
  • Be a key point person to answer inbound deal execution related questions from external parties including sponsor, deal counsel, lenders and sub-agent
  • Constantly review and determine best practices and areas of improvement in deal execution process
  • Qualifications

  • Bachelor's degree or equivalent education required
  • 3-7 years of relevant operations experience in private credit / direct lending deal execution
  • Strong problem solving skills and ability to interact directly with multiple internal teams and external counterparties
  • Effective written and verbal communication skills are a must
  • Strong computer skills, especially Excel
  • Extremely organized and ability to multi-task
  • Must be meticulous, detail-focused and consistently accurate
  • Ability to effectively prioritize and handle multiple tasks and work in a fast paced environment
  • 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 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There's also ample opportunity to move about the business for those who show passion and grit in their work.

    Expected base pay rates for the role will be between $125,000 and $140,000 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).

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