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 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 are accrued timely and in accordance with applicable accounting guidelines Review investor allocations prior to distribution to clients and investors Review accounting journal entries related to standard accruals, management and incentive fees (calculated in accordance with fund documents), derivative contract financing and broker financing Coordinate valuation signoff process with relevant accounting colleagues in other 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 Coordinate yearend audit with client and their independent auditors Apply sound business judgment Undergraduate degree (i.e. Bachelor's degree or its equivalent) Minimum 5-11 years prior experience in accounting related role Extensive knowledge of hedge fund and hedge fund investor level accounting concepts including: - Offshore accounting (Class/series) - Offshore accounting (Equalization methods) - Partnership accounting - Accounting for complex management and incentive fee/allocation terms (e.g. hurdle rates, high water mark/loss carry forward, etc.) - Side-pocket accounting Experience in GAAP/IFRS financial statement reporting requirements, including strong understanding of hedge fund structures (master-feeder, mini-master, fund-of-funds) Strong communication skills (both written and verbal), and relationship management skills Knowledge of different product types, including but not limited to derivatives (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 Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There's also ample opportunity to move about the business for those who show passion and grit in their work. 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. Prior experience with an asset manager, fund administrator, or public accounting firm, preferred Tax knowledge and experience in tax return preparation a plus
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