Hedge Fund Accounting - Client Facing Manager - Associate

574 Morgan Stanley Employment Services UK Ltd.; Greater London; On-site; GBP 55,000 - 95,000; Full time

Job summary

An established industry player is seeking a Client Facing Manager for Hedge Fund Accounting. In this pivotal role, you will be the primary liaison for hedge fund clients, ensuring seamless communication and compliance with fund structures. Your expertise in hedge fund strategies, coupled with strong problem-solving and interpersonal skills, will be crucial in managing client relationships and enhancing service delivery. This dynamic position offers opportunities for career growth within a supportive environment that values excellence and client focus. Join a team committed to innovative strategies and impactful solutions in the financial sector.

Benefits

Flexible Working Arrangements

Comprehensive Benefits

Career Development Opportunities

Qualifications

• Extensive knowledge of hedge fund strategies and investor accounting concepts.
• Strong interpersonal and relationship management skills.

Responsibilities

• Act as primary contact for hedge fund clients, managing client relationships.
• Review fund documents and ensure compliance with accounting procedures.

Skills

Hedge Fund Accounting

Investor-level Accounting

GAAP/IFRS Reporting

Problem-solving

Communication

Education

Bachelor's Degree

Job description

Hedge Fund Accounting - Client Facing Manager - Associate

Apply locations

London, United Kingdom

Time type

Full time

Posted

Yesterday

Job requisition id

JR010093

Position

Hedge Fund Accounting - Client Facing Manager

Associate

Location

London

Company

Morgan Stanley

Role Overview

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.

Responsibilities

1. Act as primary point of contact for hedge fund clients & manage approximately 5 client relationships.
2. Review and understand key fund organizational documents and ensure fund setup is consistent with the fund’s documents.
3. Assist MSFS conversion teams with new client setup and accounting conversion implementation.
4. Coordinate with MSFS offshore operations and clients to resolve trade and accounting breaks.
5. Review position and cash reconciliations between clients and their custodians.
6. Perform account closing procedures and ensure compliance with MSFS’ established accounting procedures and controls.
7. Ensure all fund expenses, including management and incentive fees, are accrued timely and in accordance with applicable accounting guidelines.
8. Coordinate valuation signoff process with relevant accounting colleagues in other global locations.
9. Review investor allocations prior to distribution to clients and investors.
10. 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.
11. Generate ideas and assess ongoing improvements for the operational service model.
12. Coordinate with global colleagues across various groups to identify and implement solutions to problems, leveraging firm resources to strengthen control environment and improve service.
13. Act as a conduit between clients and their custodians/prime brokers.
14. Review draft annual financial statements and coordinate year-end audits with clients and auditors.

Qualifications

• Extensive knowledge of complex hedge fund and/or private equity strategies and investor-level accounting concepts.
• Knowledge of different product types, including derivatives, fixed income, options, equity instruments, etc.
• Understanding of GAAP and/or IFRS financial statement reporting requirements, including hedge fund and private equity structures.
• Strong team, interpersonal, problem-solving, communication, and relationship management skills.
• Undergraduate degree (Bachelor’s degree or equivalent).

Preferred Skills

• Client-focused approach.
• Problem-solving skills, collaboration, and relationship management with internal and external stakeholders.
• Prior experience in fund accounting roles.
• Experience with asset managers, fund administrators, or public accounting firms.
• CPA/CA or qualified license is a plus but not required.
• Knowledge of US Tax and UK Reporting requirements is a plus but not required.

What Morgan Stanley Offers

We are committed to providing first-class service and maintaining high standards of excellence. Our values—putting clients first, doing the right thing, leading with ideas, promoting diversity and inclusion, and giving back—guide our daily decisions. We offer an environment of support and empowerment, with opportunities for career movement and comprehensive benefits.

Regulatory Requirements

If this role is deemed a Certified role, it may require regulatory qualifications or minimum internal benchmarks.

Flexible Work

We support flexible working arrangements. Contact our recruitment team for more information.

About Us

Morgan Stanley advises, trades, manages, and distributes capital for clients worldwide, committed to excellence and sustainability. We aim to demonstrate transformative thinking, innovative strategies, and solutions that leverage the power of capital for societal benefit.