MSFS Fund Accountant

Ohio Society of CPAs; Glasgow; On-site; GBP 35,000 - 50,000; Full time

Job summary

A leading financial services firm in Glasgow is seeking a Fund Accountant to manage the full accounting cycle for hedge funds and private equity. The role involves daily NAV calculations, investor allocations, and collaborating with client managers. Candidates should possess accounting qualifications (ACCA/CIMA/CA) and strong communication skills, as they will work with international teams.

Benefits

On-site gym

Breakout spaces

Canteen facilities

Starbucks in the office

Flexible working arrangements

Qualifications

• Fund accounting background preferable but not essential.
• Experience or qualifications in accounting required.
• Strong analytical and performance review skills desired.

Responsibilities

• Overseeing the end-to-end client accounting process.
• Preparing daily Net Asset Values (NAVs) including P&L analysis.
• Producing investor-level allocations for income and expenses.

Skills

Interpersonal skills

Communication skills

Accuracy

Multitasking

Education

Qualified or part-qualified ACCA/CIMA/CA

Job description

Our division provides administration services to Hedge Fund clients. Due to major expansion in our existing hedge fund administration space and through diversification into private equity, family office, and quant funds administration, our team has grown significantly during the last two years and continues to grow. This growth and diversification in product and client profile has provided exciting opportunities to join a growing team and develop new skills.

The Fund Accountant will be responsible for the end-to-end process regarding their client's accounting requirements. This includes overseeing the full P&L and balance sheet and daily net asset value reporting. The successful applicant will develop knowledge of Alternative Investment Funds, including products, strategies, hedge fund accounting, fee structures (e.g., incentive and management fees), and investor-level accounting. The team operates across global locations, and the successful candidate will work with colleagues in Asia, Europe, and the US daily.

The position requires strong communication and accounting skills. A fund accounting background is preferable but not essential.

About 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.

As a market leader, the talent and passion of our people are critical to our success. We share a common set of values rooted in integrity, excellence, and a strong team ethic. We aim to provide a superior foundation for building a professional career— a place for people to learn, achieve, and grow. Our culture values a balance of personal lifestyles, perspectives, and needs.

What will you be doing?

1. Calculation of daily Net Asset Values (NAVs) — this involves P&L analysis, reviewing positions and cash reconciliations, and reporting trading issues to clients.
2. Reviewing monthly capital movements and ad hoc corporate action activities.
3. Analyzing performance and reviewing income/expense journals for validity.
4. Reviewing and finalizing month-end P&L and balance sheets for client sign-off.
5. Producing investor-level allocations of income and expenses at valuation points, including calculation of incentive and management fees.
6. Collaborating with the client relationship manager to support client queries and initiatives.

What we're looking for:

• Qualified or part-qualified ACCA/CIMA/CA accountant, or qualified by experience.
• Strong interpersonal and communication skills, both written and verbal.
• A high degree of accuracy and ability to multitask.

Skills that will help you in the role:

• Ability to work to tight deadlines.
• Sound judgment in escalating risks.
• An interest in learning new skills and developing technical knowledge.

Where will you be working?

122 Waterloo Street, Glasgow — excellent transport links and amenities nearby. The office features modern facilities including an on-site gym, canteen, breakout spaces, and Starbucks.

Flexible work statement:

Interested in flexible working opportunities? Morgan Stanley offers flexible arrangements. Contact our recruitment team for more information.

Internal Applicants:

Internal mobility is encouraged. Typically, applicants should be in their current role for at least 18 months and performing satisfactorily. Find more details on career navigation and mobility policies on our employee portal.

Equal opportunities statement:

Morgan Stanley is committed to diversity and inclusion, providing a supportive environment where all individuals can reach their potential. Our workforce reflects a broad cross-section of the global communities we serve, with a focus on skills, talents, and perspectives.