Fund Services - Hedge Fund / Private Equity Accounting Manager

Client Facing Account Manager

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's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

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 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.

Principal Duties

Managing approximately 1-5 client relationships

Coopering 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 as appropriate to strengthen control environment : Prepare / review position and cash reconciliations between clients and their custodians

Coordinating year-end audit with client and independent auditors

Preparing / reviewing 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

Accounting for complex management and incentive fee terms (hurdle rates)

Offshore fee deferrals

Side-pocket accounting

Strong knowledge of US generally accepted accounting principles (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

Sarbanes-Oxley 404 related experience or experience in 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 the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.

Expected base pay rates for the role will be between $95,000 and $190,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership / union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet).