Financial Reporting, Associate, Fund Services (Glasgow)

Morgan Stanley; Glasgow; On-site; GBP 42,000 - 68,000; Full time

Job summary

Morgan Stanley in Glasgow is seeking a Financial Reporting Associate to join the Financial Reporting Team, working with client-facing managers and fund accountants to prepare statutory accounts and audit packs for hedge funds under US GAAP/IFRS.

You will help ensure timely delivery, support interim and annual audits, and maintain compliance with internal controls while developing accounting expertise within a leading global financial services firm.

Qualifications

• Qualified accountant with ACCA/ICAS or relevant accounting degree.
• Experience with accounting firms, asset managers or hedge fund administrators is preferred.
• Experience preparing financial statements under US GAAP/IFRS.

Responsibilities

• Prepare financial statements and notes for hedge funds under US GAAP/IFRS.
• Support timely delivery of statements for interim and annual audits.
• Assist auditors with backup data for disclosures in the financial statements.
• Ensure statements are produced within deadlines and comply with internal controls.
• Follow internal control policies and procedures.

Skills

Prepare financial statements

US GAAP/IFRS knowledge

Multi-tasking

Attention to detail

Interpersonal & communication

Client-focused under pressure

Education

ACCA/ICAS or accounting degree

Qualified accountant

Job description

Job Description

Financial Reporting, Associate, Fund Services (Glasgow)

Morgan Stanley are looking for a Financial Reporting Associate to join their Financial Reporting Team.

The Financial Reporting Team works with the Client Facing Account Managers and the accountants responsible for the fund to prepare the annual statutory accounts along with the pack of information requested by the client’s auditor. The position requires strong communication, and accounting skills and an understanding of financial statements in the financial services industry.

The Associate will report to the Financial Reporting Manager and will prepare the financial statements under US GAAP/IFRS and complete other regulatory reporting of hedge funds. The Associate will work with the team in providing timely deliverables, for the interim and annual audits. The position requires strong knowledge of the preparation of financial statements under accounting standards such as US GAAP/IFRS, accountancy/numeracy skills.

This wholly owned subsidiary of Morgan Stanley administers over $600 billion of hedge fund assets. Using the Firm’s proprietary, globally accessible 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 over 1,300 professionals based in New York, London, Hong Kong, Dublin, Glasgow, Mumbai, and Bangalore.

The Financial Reporting Team is responsible for the preparation of financial statements and audit packs for the hedge fund clients and their nominated auditors.

Principal Duties:

• Work efficiently with financial reporting team to support them in timely delivery of financial statements to the hedge fund clients of MSFS, which will comply with US GAAP/ IFRS, for both annual audits, and interim deliverables.
• Preparing financial statements including all main statements and supporting schedules and notes.
• Assisting auditors and ensuring the smooth audit of the financial statements by providing backup data for all disclosures presented in the financial statements.
• Ensuring the financial statements are provided within the deadlines.
• Following internal control policies and procedures.

Skill Requirements:

• Ability to prepare financial statements under US GAAP/IFRS.
• Ability to multi-task and be able to identify and escalation issues on a timely basis.
• Good organizational skills and attention to detail.
• Knowledge of different products such as securities, derivatives and fixed income
• Client focused, with the ability to work under pressure and meet deadlines.
• Strong interpersonal and communication skills, both written and verbal.

Background Requirements:

• Qualified accountant with ACCA/ICAS or relevant professional accounting degree.
• Experience with accounting firm, asset manager or hedge fund administrator is preferable.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. 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. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. 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.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Certified Persons Regulatory Requirements:

If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.