The Morgan Stanley Private Credit ("MSPC") Finance team is responsible for the negotiation, structuring, execution, and management of fund level financing solutions across a spectrum of different Direct Lending funds and separately managed accounts.
The Finance Associate or Senior Associate will work in conjunction with the CFO of the direct lending platform and Head of Capital Markets on executing various financing solutions including subscription-lines, corporate revolvers, asset-based facilities, securitizations, unsecured bonds, and other bespoke financing solutions for various direct lending funds and BDCs.
Job Description:- Preparing internal documentation and presentations, as necessary, including board approval presentations for new and amended transactions
- Prepare and maintain borrowing base calculations and other monthly and quarterly lender reporting requirements (waterfalls, borrowing bases, compliance certificates, etc.) and ensuring accuracy and timeliness of all such reporting
- Coordinate and assist in review of the monthly accounting close package from third party administrator
- Detail review monthly/quarterly valuations models and inputs
- Researching accounting issues and preparing technical accounting policy documents
- Manage and review administrator deliverables to ensure accurate processing of activity, timely receipt of deliverables, accuracy of NAV reporting and financial statements, and accuracy of investor notices and reporting
- Coordinate asset level approval with MSPC's asset based lenders in advance of putting assets into SPV financing vehicles
- Liaise with the MSPC deal teams to address any follow up questions or data requests that come from lenders
- Liaise with MSPC finance team to explain accounting implications of new or amended financing arrangements on fund performance
- Work with third party administrators, collateral agents, custodians to review monthly/quarterly waterfall, borrowing bases etc.
- Work with the liability management team, fund lenders and auditors on Agreed Upon Procedure audits
- Coordinate with fund operations on timing and availability of fund borrowings and repayments
- Coordinate with rating agencies to obtain relevant issuer or portfolio company ratings or credit estimates
- Review the tie-out of quarterly/annual financial statements and assist in implementation of new accounting requirements with auditors and administrators
Qualifications- Bachelor's Degree; preferably in Finance, Accounting, or Economics
- At least 1 year of experience in financial industry (preferably in credit funds or at a lender that is providing asset level financing to a credit fund)
- Big 4 accounting firm background a plus
- Private Credit Funds experience a plus
- Strong computer skills (Microsoft Office, Adobe Acrobat) with advanced skill level in MS Excel
- Strong academic record with prior experience working in an analytical and team environment
- Ability to work independently with demonstrated strong time management skills
- Excellent communication, organizational, and problem-solving abilities
- High level of accountability and ability to effectively prioritize tasks
Expected base pay rates for the role will be between $90,000 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.
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