Morgan Stanley Fund Services Client Account Manager, Director, Hong Kong

Hong Kong - Hong Kong

Monthly Salary: Not Disclosed

Posted on: 17 hours ago

Vacancies: 1 Vacancy

Job Summary

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 Firms employees serve clients worldwide including corporations governments and individuals from more than 747 offices in 42 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.

Department Profile

Morgan Stanley Fund Services (MSFS)is a wholly owned subsidiary of Morgan Stanley. We provide fund administration services to the leading hedge funds of the world. The division employs professionals globally with offices in New York Dublin London Hong Kong Mumbai Glasgow and Bangalore.

Principal Duties:

Act as primary point of contact for hedge fund clients

Manage approximately 1-5 client relationships

Review and understand key fund organizational documents and ensure fund setup is consistent with the funds 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 are accrued timely and in accordance with applicable accounting guidelines

Review investor allocations prior to distribution to clients and investors

Review accounting journal entries related to standard accruals management and incentive fees (calculated in accordance with fund documents) derivative contract financing and broker financing

Coordinate valuation signoff process with relevant accounting colleagues in other

Global locations

Review and approve portfolio valuations 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

Act as a conduit between clients and their custodians/prime brokers

Coordinate yearend audit with client and their independent auditors

Review draft annual financial statements

Qualifications - External

Skills Required

Undergraduate degree (i.e. Bachelors degree or its equivalent)

Minimum 5-11 years prior experience in accounting related role

Extensive knowledge of hedge fund and hedge fund investor level accounting concepts including:

- Offshore accounting (Class/series)

- Offshore accounting (Equalization methods)

- Partnership accounting

- Accounting for complex management and incentive fee/allocation terms (e.g. hurdle rates high water mark/loss carry forward etc.)

- Side-pocket accounting

- Allocation of new issues

Strong knowledge of U.S. generally accepted accounting principles (GAAP) and/or International Financial Reporting Standards (IFRS) as applicable

Experience in GAAP/IFRS financial statement reporting requirements including strong understanding of hedge fund structures (master-feeder mini-master fund-of-funds)

Strong team and interpersonal skills

Strong communication skills (both written and verbal) and relationship management skills

Knowledge of different product types including but not limited to derivatives (total return swaps credit default swaps interest rate swaps futures forwards) bonds options equity instruments etc.

Ability to handle pressure effectively

Exercise sound judgment on escalating risk

Ability to communicate effectively across cultures

Demonstrate ability to leverage resources across the various other sub functions (i.e.: Tax IS Portfolio Analytics etc.)

Consistently deliver high quality work product

Apply sound business judgment

Encourage innovative ideas and solutions to problems

Controls & Risk Management focus on enhancing control and managing operational risk

Skills Desired

CPA/CA/Qualified license a plus but not required

Prior experience with an asset manager fund administrator or public accounting firm preferred

Tax knowledge and experience in tax return preparation a plus

WHAT YOU 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 thats differentiated and weve 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 - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres 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 into your browser.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.

Required Experience:

Director

Company ProfileMorgan Stanley is a leading global financial services firm providing a wide range of investment banking securities investment management and wealth management services. The Firms employees serve clients worldwide including corporations governments and individuals from more than 747 of...