MSFS Fund Accountant

Location
Glasgow, UK
Salary
Not disclosed
Posted
14 Jun 2021
Closes
25 Jun 2021
Ref
3174817
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant
Description

A major Investment Bank providing Fund Accounting services to Hedge Fund clients.

The Fund Accountants will 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 position requires strong communication, and accounting skills and general security operations knowledge.

Principal Duties:

  • 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 non standard 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 year end Financial Statements and provision of data to auditors
  • Identify and implement process changes to enhance efficiency
Organization
  • Qualified/ Part Qualified ACCA/CIMA/CA accountant or qualified by experience
  • Previous Fund Accounting experience preferable
  • 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
  • Experience gained from asset manager, fund administrator, public accounting firm, prime brokerage or securities servicing firm preferable;
  • Proficiency with Microsoft Office
For further information, and to apply, please visit our website via the “Apply” button below.

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