Fund Services Accountant

Job description

MORGAN STANLEY

If you're looking for a firm that can provide you with a challenging role and long term career development opportunities then read on. We have built a world class reputation for quality and service and the talent and passion of our people has been critical to our success. We provide a strong foundation for building a professional career – a place for people to learn, to achieve and to grow. Together we share a common set of values rooted in integrity, excellence and a strong team ethic.

ABOUT US

Company Profile:
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.

Glasgow Profile:
Morgan Stanley's Glasgow office employs in excess of 1,200 staff across Operations, Technology, Fund Services and Finance. Due to our growing business, we have a demand for career minded people to join our teams. Our opportunities offer unrivalled scope for progression and training within a fast paced, meritocratic and constantly changing environment. Morgan Stanley pride themselves on maintaining a culture which champions diversity, an inclusive environment for all, recognition and an opportunity to give back to our communities through various local charity partnerships. The office is located centrally and enjoys the additional benefits of an onsite gym and restaurant.

Team Profile:
The Fund Accountants work very closely with Client Account Managers of Morgan Stanley Fund Services (MSFS) in ensuring accurate accounts and Net Asset Value calculations of their hedge fund clients and to review technical accounting, operating and performance related issues. Clients will invest in a wide range of securities and derivatives providing the Fund Accountant with exposure to complex investments.

The Financial Reporting Team is a group which prepares the Financial Statements and audit packs for the clients and their nominated auditors. The members of the Financial Reporting team work with the 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.

JOB DESCRIPTION, SKILLS REQUIRED AND SKILLS DESIRED


Specific responsibilities:
- Provide Accounting solutions to Hedge Funds for independent valuation, investor transparency and regulatory compliance
- Calculation of daily Net Asset Values (NAV's)
- Perform accounting functions including P&L analysis, daily cash projections, calculations of FX transfers required for funding, checking client's contributions & redemptions
- Perform daily, weekly and monthly securities pricing analysis
- Verify performance by reviewing large P&L swings and analyzing income/expense journals for validity
- Adjust activity as necessary for performance processing and reporting
- Perform and review position and value reconciliations. Identify and resolve all breaks
- Review and reconcile general ledger exceptions
- Responsible for ensuring accuracy of non-security related income and expenditure
- Account for nonstandard transactions including OTC derivatives
- Ensure corporate actions are accounted for accurately
- Perform month end control processes, producing a month end control pack and sign off
- Perform investor level allocations of income and expenses at month end
- Involvement in preparation of yearend Financial Statements and provision of data to auditors
- Identify and implement process changes to enhance efficiency

Desired profile

Skills required:
- Qualified ACCA/CIMA/CA accountant or qualified by experience
- Strong interpersonal and communication skills, both written and verbal
- Ability to communicate effectively across cultures
- Execute sound judgment on escalating risk
- Ability to adapt to developing business models
- High levels of accuracy and numeracy
- Ability to multi-task
- Applicants should have a record of accomplishment of delivering against tight deadlines
- Proficiency with Microsoft Office

Skills desired:
- Previous Fund Accounting experience preferable
- Experience gained from asset manager, fund administrator, public accounting firm, prime brokerage or securities servicing firm preferable

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents. *LI-EM3