Morgan Stanley

Associate - Legal Entity Controller (Finance)

Posted On

April 30, 2024

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

July 10, 2024

Job Description

Description - External

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

The Finance Group is responsible for overseeing the accounting, financial and regulatory reporting for the Firm. Finance prepares external financial reports for public filings and regulators. For internal reporting Finance, along with Financial Planning and Analysis (FPA), summarizes, plans and forecasts the organization’s financial position, including income statements, balance sheets, and analyses of future revenues, expenses and earnings. Finance is comprised of Business Unit Controllers, Infrastructure Controllers, Accounting, Regulatory and Reporting groups, and Valuation Review.

Responsibilities include:

The Legal Entity Controllers group (LECG) is responsible for the accounting, reporting and oversight of Morgan Stanley’s core legal entities. The groups’ responsibilities include, but are not limited to, preparation of financial statements, monthly closing of Firm’s books and records, analytics, entity- specifics accounting policy, legal entity maintenance, regulatory filing, account reconciliation and account structure maintenance.

More specifically the successful candidate will:

- Management and development of staff

- Monthly Balance Sheet and P&L preparation and review. Preparing detailed variance analysis

- Preparation and Review of statutory financial statemen

- Review of management accounts and variance analysis

- Preparation and Review of statistical and regulatory entity level reporting

- Co-ordination of all legal entity activity, with key internal experts such as tax, legal etc.

- Responsible for maintaining key stakeholder relationships both internally and externally including external auditors, Product Control, Company Secretarial and Tax

Skills required:

- Professional accountancy qualification (CA/CPA) necessary, with relevant experience.

- Candidates should possess excellent Microsoft Excel skills and be proficient in data mining and summarising and presenting themes and results in a meaningful format.

- Strong verbal and written communication skills

- Solid analytical skills

- Strong organisational skills, including the ability to coordinate, prioritize and manage multiple activities.

- Be confident in maintaining relationships across a variety of senior stakeholders and business areas.

- Ability to manage teamwork load effectively and balance project, BAU delivery.

- Have the flexibility required to work in a dynamic environment under tight deadlines.

- The successful candidate should be able to demonstrate a rounded commercial approach to legal entity controllership and analysis, with proven skills in insightful management reporting, analysis and sound technical accounting skills

- Open to work in shift timings depending on the global region supported.

Skills Desired:

- IFRS and /or USGAAP knowledge an advantage

- Knowledge of financial products which are used in the financial services industry, such as derivatives, securities lending and repos would be preferred.

“Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.”

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