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.
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.
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
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
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)
Accounting for complex management and incentivefee / allocation terms (e.g. hurdle rates, high water mark / loss carry forward,etc.)
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
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