Hedge Fund Accounting - Client Facing Manager - Associate

Overview

Hedge Fund Accounting - Client Facing Manager Associate, London. Morgan Stanley are looking for a Client Facing Manager for their Hedge Fund Accounting. You will be a primary contact liaising with hedge fund clients, providing key updates on the funds and market.

Responsibilities

• Act as primary point of contact for hedge fund clients and manage approximately five 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 setup 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 accounting procedures and controls
• Ensure all fund expenses, including management and incentive fees (calculated in accordance with fund documents) and 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 and 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 accounting, operations, and investor services to identify and implement solutions and strengthen the control environment
• Act as a conduit between clients and their custodians/prime brokers
• Review draft annual financial statements and coordinate year-end audits with clients and their independent auditors

Qualifications

• Extensive knowledge of complex hedge fund and/or private equity strategies and investor-level accounting concepts
• Knowledge of different product types, including derivatives, fixed income, options, equity instruments, etc.
• Understanding of GAAP and/or IFRS financial statement reporting requirements, with strong understanding of hedge fund and/or private equity structures
• Strong team, interpersonal and problem-solving skills, communication skills (written and verbal) and relationship management
• Undergraduate degree (Bachelor's degree or equivalent)
• Skills that will help you in the role: client focus, problem solving, collaboration and relationship management (internal and external)
• Solid prior experience in fund accounting in an asset manager, fund administrator, or public accounting firm
• CPA/CA/qualified license is a plus but not required
• US tax and UK reporting knowledge is a plus but not required

What You Can Expect From Morgan Stanley

At Morgan Stanley, we raise, manage and allocate capital for our clients. We value diversity, inclusion and a collaborative culture, offering attractive and comprehensive employee benefits. The firm supports flexible working arrangements where possible and provides opportunities to move within the business for those who show passion and grit. For more information about global offices, visit the Morgan Stanley site.

Equal opportunity employer committed to building a diverse workforce. We encourage applications from individuals of varying backgrounds and experiences. For more information, please visit the company's equity, diversity and inclusion resources.

Headquartered in New York, Morgan Stanley is dedicated to providing first-class service and sustainable value for clients, governments and institutions.