Hedge Fund Accounting - Client Facing Manager
Glasgow
JR002930
Morgan Stanley are looking for a Client Facing Manager for their Hedge Fund Accounting. Working within Morgan Stanley Fund Services Division you will be a primary contact liaising with hedge fund clients providing key updates on the funds and market.
What will you be doing?
- Act as primary point of contact for hedge fund clients & manage approximately 5 client relationships
- Review and understand key fund organizational documents and ensure fund setup is consistent with the fund's documents
- Assist MSFS conversion teams with new client set up and accounting conversion implementation
- Coordinate with MSFS' offshore operations and clients to resolve trade and accounting breaks
- Review position and cash reconciliations between clients and their custodians
- Perform account closing procedures and ensure compliance with MSFS' established accounting procedures and controls
- Ensure all fund expenses, including management and incentive fees (calculated in accordance with fund documents) & broker financing are accrued timely and in accordance with applicable accounting guidelines
- Coordinate valuation signoff process with relevant accounting colleagues in other global locations
- Review investor allocations prior to distribution to clients and investors
- Review and approve portfolio valuations & NAV to ensure compliance with Fund governing documents prior to distribution to clients and ensure client approval prior to distribution to investors/third parties
- Idea generation and ongoing assessment and improvement of the operational service model
- Coordinate with global colleagues across various groups (accounting, operations, investor services) to identify and implement solutions to problems -and leverage firm resources as appropriate to strengthen control environment and improve service model
- Act as a conduit between clients and their custodians/prime brokers
- Review draft annual financial statements and coordinate yearend audit with client and their independent auditors
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What we're looking for:
- Extensive knowledge of complex hedge fund and/or private equity strategies and investor level accounting concepts
- Knowledge of different product types, including but not limited to derivatives, fixed income, options, equity instruments, etc.
- Understanding of GAAP and/or IFRS financial statement reporting requirements, including strong understanding of hedge fund and/or private equity structures
- Strong team, interpersonal and problem-solving skills, communication skills (both written and verbal) and relationship management skills
- Undergraduate degree (i.e. Bachelor's degree or its equivalent)
Skills that will help you in the role:
- Solid prior experience in fund accounting related role
- experience with an asset manager, fund administrator, or public accounting firm
- CPA/CA/Qualified license a plus but not required
- US Tax and UK Reporting requirements knowledge a plus but not required
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 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.