Job Description

Overview Fund Services - Hedge Fund/Private Equity Accounting Manager — Morgan Stanley Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm serves clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. Fund Services is a wholly owned subsidiary of Morgan Stanley administering over $600 billion of hedge fund assets. Using the Firm’s proprietary technology platform, the business provides a full range of fund administration services, including daily accounting and financial reporting; transfer agency and investor services; middle and back-office support; and integrated portfolio analytics. Morgan Stanley Fund Services is supported by 1,350 professionals based in New York, London, Hong Kong, Dublin, Glasgow, Bangalore and Mumbai. We are seeking a client facing Account Manager for our NYC and Purchase, NY office. Responsibilities Managing approximately 1-5 client relationships Cooperating with the Firm’s offshore operations and clients to resolve daily trade and accounting breaks Preparing/reviewing monthly account closing procedures and ensuring compliance with established accounting procedures and controls Ensuring all fund expenses are accrued timely and in accordance with GAAP Performing monthly master-feeder accounting allocations Preparing/reviewing investor allocations Preparing/reviewing accounting journal entries related to standard accruals, management and incentive fees (calculated in accordance with fund documents), deferred compensation payables, derivative contract financing and broker financing Ensuring monthly valuations are reviewed and approved prior to distribution to clients and reviewed and approved by clients prior to distribution to investors Reviewing key legal fund offering documents and identifying possible accounting or administrative implementation issues Assisting client conversion teams with new client set up and accounting conversion implementation Identifying and implementing solutions to problems (accounting, operations, investor service) Leveraging firm resources to strengthen control environment Prepare/review position and cash reconciliations between clients and their custodians. Coordinate year-end audit with client and independent auditors. Prepare/review draft annual financial statements. Requirements Bachelor’s degree Minimum 7 years prior experience in a client-facing and/or accounting related role Extensive knowledge of hedge fund investor accounting concepts, including offshore class/series accounting, partnership accounting, allocation of new issues, and accounting for complex management and incentive fee terms (hurdle rates), offshore fee deferrals, side-pocket accounting Strong knowledge of US GAAP Experience in GAAP financial statement preparation, including strong understanding of hedge fund structures (master-feeder, mini-master, fund-of-funds) Strong team and interpersonal skills Strong communication, accounting, industry and relationship management skills Skills Desired CPA a plus but not required Prior experience with a Hedge Fund preferred SOX 404 related experience or SSAE 16 preparation a plus Tax knowledge and experience in tax return preparation a plus Knowledge of IFRS a plus Location Purchase, NY (Hybrid) What You Can Expect From Morgan Stanley We are committed to maintaining a first-class service and high standard of excellence. Our values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — guide the decisions we make every day. Our goal is to build and maintain a workforce that is diverse in experience and background but uniform in integrity and excellence. We offer attractive and comprehensive employee benefits and opportunities to move within the business for those who show passion and grit in their work. If you would like to learn more about our offices, please visit: Equal employment opportunity statement: Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). Seniority level Mid-Senior level Employment type Contract Job function Finance and Sales Referrals increase your chances of interviewing at Morgan Stanley. #J-18808-Ljbffr Morgan Stanley

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