Hedge Fund Accounting - Client Facing Manager, Fund Services (Glasgow)

574 Morgan Stanley Employment Services UK Ltd.; Glasgow; On-site; GBP 70,000 - 100,000; Full time

Job summary

Morgan Stanley seeks a Client Facing Manager in Hedge Fund Accounting within Fund Services in Glasgow. You will act as the primary contact for hedge fund clients, manage multiple relationships, and ensure fund setup aligns with governing documents.

You will assist with new client onboarding and accounting conversions, coordinating with offshore teams to resolve breaks. You will review reconciliations, perform year-end signoff, and oversee NAV/valuation reviews before distributions, contributing

Qualifications

• Extensive knowledge of hedge fund and/or private equity accounting.
• Understanding of GAAP/IFRS reporting requirements.
• Knowledge of products including derivatives, fixed income, options and equities.
• Strong communication and relationship management skills.
• Undergraduate degree required.

Responsibilities

• Act as primary point of contact for hedge fund clients and manage ~5 relationships.
• Review fund documents and ensure fund setup aligns with the documents.
• Assist MSFS conversion teams with new client setup and accounting conversion.
• Coordinate with offshore operations and clients to resolve trade and accounting breaks.
• Review position and cash reconciliations between clients and custodians.
• Perform account closing procedures and ensure compliance with accounting procedures and controls.
• Coordinate valuation signoff with accounting colleagues in other global locations.
• Review investor allocations prior to distribution to clients and investors.
• Review and approve portfolio valuations and NAV before distribution.

Skills

Hedge fund accounting

Private equity knowledge

Investor level accounting concepts

Derivatives knowledge

Relationship management

Education

Bachelor's degree or equivalent

Job description

Hedge Fund Accounting - Client Facing Manager, Fund Services (Glasgow) 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
• Review draft annual financial statements and coordinate yearend audit with client and their independent auditors

What we’re looking for?

• 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)

Skills that will help you in the role:

• 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

What 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. Speak to our recruitment team to find out more.

Equal Opportunity Employer

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. For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

About Morgan Stanley

At Morgan Stanley, we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. Morgan Stanley is dedicated to providing first-class service to our clients, in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions—and in the ability of capital to work for the benefit of all society.