Private Wealth Management – Finance Manager – Senior Manager Level recruitment

Position Category: Finance/Accounting

Position Title: Private Wealth Management - Finance Manager - Senior Manager Level

Job Level: Senior Manager

Location: USA - NY - New York

Education Required: Bachelors Degree

Position Description:
Morgan Stanley Private Wealth Management is a global organization with a strong existing presence and distinct brand in major financial hubs across the US, Europe, South America and Asia. PWM - Americas serves the Ultra High New Worth client segment and is part of the Global Wealth Management business.

Job Description: The candidate will be responsible for the accuracy and completeness of the financial books and records of the business. The candidate will also be responsible for forecasting, budgeting, and management reporting and will work closely with the business unit. The candidate will report into the CFO for PWM Americas (US and LatAm).

Responsibilities Include:
• Monthly review of fee based revenue accruals/deferrals and the reconciliation to the cash received - involves coordination with London controllers group
• Monthly review of compensation accruals/deferrals on fee based revenue - involves coordination with London controllers group
• Monthly reconciliation of total PWA compensation - involves coordination with compensation accounting teams in New York, HR, Payroll and London controllers
• Coordinate accruals and journals of all non-compensation direct expenses - involves work with Legal, Marketing, A/P etc.
• Monthly review of allocated infrastructure expenses
• Coordinate the forecasting, budgeting and management reporting process
• Provide support to branch administration managers and operations on ad hoc issues and questions on trades and the associated revenue and compensation
• Comprehensive review of client assets, key flows and households with $10mm in assets
• Review and analysis of balance sheet - margin book, bank deposits and lending products
• Assist on projects - new business initiatives and platform integration
• Review all accounting processes for the business, including those mentioned above, to ensure PWM Americas is compliant

Skills Required:
• Bachelor's degree in Accounting / Finance
• Ideal candidate should have 5 - 10 years experience in a Finance/Accounting role at a Retail Broker Dealer
• Must be extremely proficient in Microsoft Office (Excel, Access, PowerPoint)
• Excellent communication skills
• Strong analytical and problem solving abilities