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- Tasks: Manage client accounting, including P&L analysis and daily NAV reporting.
- Company: Morgan Stanley is a top global financial services firm with a focus on integrity and excellence.
- Benefits: Enjoy flexible working options, a modern office with great amenities, and opportunities for career growth.
- Why this job: Join a dynamic team, develop new skills, and work with colleagues globally in a supportive culture.
- Qualifications: Ideal candidates are ACCA/CIMA/CA qualified or experienced, with strong communication skills.
- Other info: Work in a vibrant office with an on-site gym, canteen, and Starbucks.
The predicted salary is between 36000 - 60000 £ per year.
Our division provides administration services to Hedge Fund clients. Due to major expansion in our existing hedge fund administration space and through diversification into private equity, family office and quant funds administration, our team has grown significantly during the last two years and continues to grow. This growth and diversification in product and client profile has provided exciting opportunities to join a growing team and develop new skills.
The Fund Accountant will be responsible for the end-to-end process with respect to their client's accounting requirements. This includes overseeing the full P&L and balance sheet and daily net asset value reporting. In addition to this, the successful applicant will develop knowledge of Alternative Investment Funds including knowledge of the products, strategies, hedge fund accounting, fee structures (e.g., incentive and management fees) and investor level accounting. The team operates across global locations and the successful candidate will work with colleagues in Asia, Europe, and the US on a daily basis.
The position requires strong communication and accounting skills. A fund accounting background is preferable but not essential.
What will you be doing?
- Calculation of daily Net Asset Values (NAV's) - this involves P&L analysis, review position and cash reconciliations, reporting any trading issues to our clients.
- Review monthly capital movements and adhoc corp action activity.
- Analyse performance and review income/expense journals for validity.
- Review and finalise month end P&L and balance sheet in preparation for client sign off.
- Produce investor level allocations of income and expenses at valuation points, including calculation of incentive and management fee.
- Work alongside the client relationship manager to support client queries and partner with the client on initiatives.
What we're looking for:
- Qualified/ Part Qualified ACCA/CIMA/CA accountant or qualified by experience.
- Strong interpersonal and communication skills, both written and verbal.
- High degree of accuracy, ability to multitask.
Skills that will help you in the role:
- Ability to work to tight deadlines.
- Execute sound judgment on escalating risk.
- Interest in learning new skills and developing technical knowledge.
Where will you be working?
122 Waterloo Street Glasgow - excellent transport links and amenities nearby. You will work in a recently developed office with excellent tech and facilities. Facilities include on site gym, canteen, break out spaces and Starbucks.
Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Equal opportunities statement:
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.
MSFS Fund Accountant employer: Financial Women’s Association
Contact Detail:
Financial Women’s Association Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land MSFS Fund Accountant
✨Tip Number 1
Familiarise yourself with the specific accounting practices used in hedge funds and alternative investments. Understanding the nuances of P&L analysis, NAV calculations, and fee structures will give you a significant edge during interviews.
✨Tip Number 2
Network with professionals in the fund accounting space, especially those who work at Morgan Stanley or similar firms. Engaging in conversations about their experiences can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your communication skills, both written and verbal. Since the role involves liaising with clients and colleagues across different regions, being able to convey complex information clearly is crucial.
✨Tip Number 4
Stay updated on current trends in the financial services industry, particularly in hedge funds and private equity. Demonstrating knowledge of market developments during your discussions can set you apart from other candidates.
We think you need these skills to ace MSFS Fund Accountant
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Fund Accountant at Morgan Stanley. Familiarise yourself with terms like Net Asset Values (NAV), P&L analysis, and investor level allocations.
Tailor Your CV: Highlight relevant experience in accounting, especially if you have worked with hedge funds or similar financial services. Emphasise your communication skills and any qualifications such as ACCA, CIMA, or CA.
Craft a Compelling Cover Letter: Use your cover letter to express your enthusiasm for the role and the company. Mention specific skills that align with the job description, such as your ability to work under tight deadlines and your interest in learning new skills.
Proofread Your Application: Ensure that your CV and cover letter are free from errors. A high degree of accuracy is crucial in accounting roles, so take the time to double-check your documents before submitting them.
How to prepare for a job interview at Financial Women’s Association
✨Understand Fund Accounting Basics
Make sure you have a solid grasp of fund accounting principles, especially related to hedge funds. Brush up on P&L analysis, balance sheets, and net asset value calculations, as these will be crucial in your role.
✨Showcase Your Communication Skills
Since the role involves working with clients and colleagues across different regions, highlight your strong interpersonal and communication skills. Be prepared to discuss how you've effectively communicated complex information in previous roles.
✨Demonstrate Your Attention to Detail
Accuracy is key in fund accounting. During the interview, provide examples of how you've maintained high standards in your work, particularly when dealing with financial data and reports.
✨Express Your Willingness to Learn
The company values individuals who are eager to develop new skills. Share your enthusiasm for learning about alternative investment funds and any relevant experiences that showcase your adaptability and growth mindset.
