Hedge Fund Accounting - Client Facing Manager - Associate

Hedge Fund Accounting - Client Facing Manager

Associate

London

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

• 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)

• Client focused
• Problem solving skills, collaboration and relationship management ( internal stakeholders and external )
• 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