Taxation, Associate, ISG Operations
Taxation, Associate, ISG Operations
We're seeking someone to join our team as Associate who will prepare of partnership tax allocations, tax estimates, and K-1 working papers for Fund Administration clients. Duties will include preparing workpapers and providing additional tax related information requested by clients. This position requires a facility and ease with technology with the ability to create requirements and test plans for new or enhanced tax technology, as well as granular tax knowledge in the hedge fund area.
Established in 2004, Morgan Stanley Fund Services (MSFS) is a global business within the Institutional Equities Division (IED) that provides fund administration services for over $700billion in assets across 350+ hedge funds, private equity and large family offices clients. Our best-in-class offering includes accounting and investors services, portfolio analytics, middle-office functions, regulatory and financial reporting, and tax services. Delivering these services to our clients and their investors is a diverse team of 1,400 highly skilled employees across the globe based in New York, London, Glasgow, Dublin, Mumbai, Bengaluru, and Hong Kong. Joining MSFS, you will discover a dynamic environment where every day offers new opportunities for personal growth and innovation. Here at MSFS your career isn't just a job, it's an incredible journey fueled by collaboration, challenge, and the chance to make a meaningful impact to our business, our clients, their investors and the wider Morgan Stanley franchise.
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Our dynamic MSFS Tax Team plays a pivotal role in supporting clients and their tax advisors with comprehensive portfolio and investor-level tax solutions. As a crucial partner in intra-year planning and year-end reporting, you'll collaborate across diverse portfolios, honing your expertise while making a meaningful impact. While the Tax Team does not act as a paid tax advisor or provide direct tax advice, our professionals are trusted resources who navigate complex tax challenges and ensure best-in-class service for our clients. The MSFS Tax team provides a stimulating environment that values initiative, teamwork, and continuous learning, with opportunities to advance your career.
Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.
What you'll do in the role:
- Prepare monthly tax reports.
- Prepare monthly fund level tax calculation reports.
- Prepare reconciliation of monthly master-feeder tax allocations.
- Prepare layering and aggregate tax allocations.
- Prepare data for special tax reports including section wash sales, constructive sales and section 1256 reporting.
- Prepare tax withholding reports.
- Prepare periodic tax estimate reports
- Prepare fund level tax allocation reports for preparation of tax estimates.
- Prepare book to tax reconciliation.
- Prepare annual K-1 working papers
- Assist in provision of reports and working papers to tax preparer.
- Assist in managing system roll outs and enhancements.
- Assist client conversion teams with new client set up.
What you'll bring to the role:
- Accountant with 3+ years of hedge fund / financial services tax experience.
- 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.
- Big 4 experience a plus.
- Private Equity, FOF and/or Real Estate tax experience a plus.
- Flexible approach to duties, shift timing and working hours.
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 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.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo .
Perks and Benefits
Health and Wellness
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- Fitness Subsidies
- On-Site Gym
- Pet Insurance
- Mental Health Benefits
- FSA
- Virtual Fitness Classes
- HSA
Parental Benefits
- Fertility Benefits
- Adoption Assistance Program
- Family Support Resources
- Return-to-Work Program
- Birth Parent or Maternity Leave
- Non-Birth Parent or Paternity Leave
- Adoption Leave
Work Flexibility
- Hybrid Work Opportunities
Office Life and Perks
- Commuter Benefits Program
- Company Outings
- On-Site Cafeteria
- Holiday Events
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Leave of Absence
- Volunteer Time Off
- Personal/Sick Days
Financial and Retirement
- 401(K) With Company Matching
- Stock Purchase Program
- Performance Bonus
- Relocation Assistance
- Financial Counseling
Professional Development
- Tuition Reimbursement
- Promote From Within
- Mentor Program
- Access to Online Courses
- Lunch and Learns
- Work Visa Sponsorship
- Leadership Training Program
- Associate or Rotational Training Program
- Internship Program
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program
- Employee Resource Groups (ERG)