Morgan Stanley Fund Services, Client Account Manager, Associate/Vice President, Hong Kong
Morgan Stanley
Hong Kong, Hong Kong, Hong Kong, Japan Asia


Morgan Stanley is a leading global financial services firm providing a widerange of investment banking, securities, investment management and wealthmanagement services.

The Firm's employees serve clients worldwide includingcorporations, governments and individuals from more than 747 offices in 42countries.

As a market leader, the talent and passion of our people is critical to oursuccess. Together, we share a common set of values rooted in integrity,excellence and strong team ethic.

Morgan Stanley can provide a superiorfoundation for building a professional career - a place for people to learn, toachieve and grow.

A philosophy that balances personal lifestyles, perspectivesand needs is an important part of our culture.

Department Profile

Morgan Stanley Fund Services(MSFS) is a whollyowned subsidiary of Morgan Stanley. We provide fund administration services tothe leading hedge funds of the world.

With over $250billion in Assets underAdministration, the division employs over 700 professionals globally, withoffices in New York, Dublin, London, Hong Kong, Mumbai, Glasgow and Bangalore.

PrincipalDuties :

  • Act as primary point of contact for hedge fund clients
  • Manage approximately 1-5 client relationships
  • Review and understand key fund organizational documents and ensure fund setupis consistent with the fund’s documents
  • Assist MSFS conversion teams with new client set up and accounting conversionimplementation
  • Coordinate with MSFS’ offshore operations and clients to resolve trade andaccounting 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 are accrued timely and in accordance with applicableaccounting guidelines
  • Review investor allocations prior to distribution to clients and investors
  • Review accounting journal entries related to standard accruals, managementand incentive fees (calculated in accordance with fund documents), derivativecontract financing and broker financing
  • Coordinate valuation signoff process with relevant accounting colleagues inother
  • Global locations

  • Review and approve portfolio valuations to ensure compliance with Fundgoverning documents prior to distribution to clients and ensure client approvalprior to distribution to investors / third parties
  • Idea generation and ongoing assessment and improvement of the operationalservice 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 environmentand improve service model
  • Act as a conduit between clients and their custodians / prime brokers
  • Coordinate yearend audit with client and their independent auditors
  • Review draft annual financial statements
  • SkillsRequired

  • Undergraduate degree (i.e. Bachelor’s degree or its equivalent)
  • Minimum 5 years prior experience in accounting related role
  • Extensive knowledge of hedge fund and hedge fund investor level accountingconcepts including :
  • Offshore accounting (Class / series)
  • Offshore accounting (Equalization methods)
  • Partnership accounting
  • Accounting for complex management and incentivefee / allocation terms (e.g. hurdle rates, high water mark / loss carry forward,etc.)
  • Side-pocket accounting
  • Allocation of new issues
  • Strong knowledge of U.S. generally accepted accounting principles (GAAP)and / or International Financial Reporting Standards (IFRS), as applicable
  • Experience in GAAP / IFRS financial statement reporting requirements, includingstrong understanding of hedge fund structures (master-feeder, mini-master,fund-of-funds)
  • Strong team and interpersonal skills
  • Strong communication skills (both written and verbal), and relationshipmanagement skills
  • Knowledge of different product types, including but not limited toderivatives (total return swaps, credit default swaps, interest rate swaps,futures, forwards), bonds, options, equity instruments, etc.
  • Ability to handle pressure effectively
  • Exercise sound judgment on escalating risk
  • Ability to communicate effectively across cultures
  • Demonstrate ability to leverage resources across the various other subfunctions (i.e. : Tax, IS, Portfolio Analytics, etc.)
  • Consistently deliver high quality work product
  • Apply sound business judgment
  • Encourage innovative ideas and solutions to problems
  • Controls & Risk Management focus on enhancing control and managingoperational risk
  • Skills Desired

  • CPA / CA / Qualified license a plus but not required
  • Prior experience with an asset manager, fund administrator, or publicaccounting firm, preferred
  • Tax knowledge and experience in tax return preparation a plus
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