Director, Fund Svcs-Cli Scvs at Morgan Stanley

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

11 Mar, 26

Salary

0.0

Posted On

11 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Client Relationships, Accounting Concepts, Hedge Fund Products, Financial Reporting, Process Improvements, Product Development, Negotiation, Conflict Resolution, Data Presentation, Hedge Fund Accounting, Financial Regulations, Compliance Requirements

Industry

Financial Services

Description

Prepare and review monthly account closing procedures, and ensure compliance with established accounting procedures and controls. Ensure all fund expenses are accrued timely and in accordance with GAAP. Prepare and review investor allocations, accounting journal entries related to standard accruals, management and incentive fees, deferred compensation payables, derivative contract financing, and broker financing. Ensure monthly valuations are reviewed and approved prior to distribution to clients, and reviewed and approved by clients prior to investor distribution. Collaborate with client conversion teams for new client set up and accounting conversion implementation. Prepare and review position and cash reconciliations between clients and their custodians. Coordinate year-end audits with client and independent authors. Prepare and review draft annual financial statements. Requires a Bachelor's degree in Accounting, Finance, or a related field of study and five (5) years of experience in the position offered or five (5) years as an Associate, Analyst, or a closely related occupation. Employer will accept pre- or post-bachelor's experience. Requires five (5) years of experience with: cultivating and maintaining client relationships; accounting concepts including management fee and performance fee structures; hedge fund products and accounting treatment of various asset classes including equities, derivatives, fixed income, and alternative investments; working with auditors to ensure accurate financial reporting and compliance with accounting standards; driving process improvements; liaising with product development teams to eliminate application deficiencies and implement automation; negotiating terms and resolving conflicts; presenting key data to clients, and internal and external stakeholders. Requires two (2) years of experience with: hedge fund specific accounting practices including capital calls and distributions; financial regulations and compliance requirements relevant to hedge funds including 13-F, Annex IV, Form PF, and PQR. Qualified Applicants: To apply, visit us at https://morganstanley.eightfold.ai/careers?source=mscom and enter JR000490 in the search field. No calls please. EOE 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. 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. 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.

Responsibilities

The Director will prepare and review monthly account closing procedures, ensuring compliance with accounting standards. They will also collaborate with client conversion teams and coordinate year-end audits.