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Morgan Stanley · 9 hours ago

Director, Fund Svcs-Cli Scvs

New York, NY

Contract

Hybrid

Mid, Senior Level

$157K/yr - $190K/yr

5+ years exp

Morgan Stanley Fund Services Inc. is seeking a Director of Fund Services in New York, NY. The role involves overseeing daily trade and accounting operations, ensuring compliance with accounting procedures, and collaborating with clients to resolve issues and implement solutions.

Asset ManagementFinanceFinancial ServicesLending

Responsibilities

Cooperate with the Firm’s offshore operations and clients to resolve daily trade and accounting breaks

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

Perform monthly master-feeder accounting allocations

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

Review key legal fund offering documents and identify possible accounting or administrative implementation issues

Collaborate with client conversion teams for new client set up and accounting conversion implementation

Identify and implement solutions to client problems including accounting, operations, and investor services

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

Qualification

AccountingClient relationship managementHedge fund accountingFinancial regulations complianceProcess improvementNegotiationPresentation skillsCollaboration

Required

Bachelor's degree in Accounting, Finance, or a related field of study

five (5) years of experience in the position offered or five (5) years as an Associate, Analyst, or a closely related occupation

five (5) years of experience with cultivating and maintaining client relationships

five (5) years of experience with accounting concepts including management fee and performance fee structures

five (5) years of experience with hedge fund products and accounting treatment of various asset classes including equities, derivatives, fixed income, and alternative investments

five (5) years of experience working with auditors to ensure accurate financial reporting and compliance with accounting standards

five (5) years of experience driving process improvements

five (5) years of experience liaising with product development teams to eliminate application deficiencies and implement automation

five (5) years of experience negotiating terms and resolving conflicts

five (5) years of experience presenting key data to clients, and internal and external stakeholders

two (2) years of experience with hedge fund specific accounting practices including capital calls and distributions

two (2) years of experience with financial regulations and compliance requirements relevant to hedge funds including 13-F, Annex IV, Form PF, and PQR