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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, modern office amenities, and opportunities for personal growth.
- Why this job: Join a dynamic team, develop new skills, and collaborate globally in a supportive culture.
- Qualifications: Ideal candidates are ACCA/CIMA/CA qualified or experienced, with strong communication skills.
- Other info: Located in Glasgow with excellent transport links and an on-site gym.
The predicted salary is between 28800 - 48000 £ 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 regarding their client\’s accounting requirements. This includes overseeing the full P&L and balance sheet and daily net asset value reporting. The successful applicant will develop knowledge of Alternative Investment Funds, including 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 daily.
The position requires strong communication and accounting skills. A fund accounting background is preferable but not essential.
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services.
As a market leader, the talent and passion of our people are critical to our success. We share a common set of values rooted in integrity, excellence, and a strong team ethic. We aim to provide a superior foundation for building a professional career— a place for people to learn, achieve, and grow. Our culture values a balance of personal lifestyles, perspectives, and needs.
What will you be doing?
- Calculation of daily Net Asset Values (NAVs) — this involves P&L analysis, reviewing positions and cash reconciliations, and reporting trading issues to clients.
- Reviewing monthly capital movements and ad hoc corporate action activities.
- Analyzing performance and reviewing income/expense journals for validity.
- Reviewing and finalizing month-end P&L and balance sheets for client sign-off.
- Producing investor-level allocations of income and expenses at valuation points, including calculation of incentive and management fees.
- Collaborating with the client relationship manager to support client queries and initiatives.
What we\’re looking for:
- Qualified or part-qualified ACCA/CIMA/CA accountant, or qualified by experience.
- Strong interpersonal and communication skills, both written and verbal.
- A high degree of accuracy and ability to multitask.
Skills that will help you in the role:
- Ability to work to tight deadlines.
- Sound judgment in escalating risks.
- An interest in learning new skills and developing technical knowledge.
Where will you be working?
122 Waterloo Street, Glasgow — excellent transport links and amenities nearby. The office features modern facilities including an on-site gym, canteen, breakout spaces, and Starbucks.
Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley offers flexible arrangements. Contact our recruitment team for more information.
Internal Applicants:
Internal mobility is encouraged. Typically, applicants should be in their current role for at least 18 months and performing satisfactorily. Find more details on career navigation and mobility policies on our employee portal.
Equal opportunities statement:
Morgan Stanley is committed to diversity and inclusion, providing a supportive environment where all individuals can reach their potential. Our workforce reflects a broad cross-section of the global communities we serve, with a focus on skills, talents, and perspectives.
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MSFS Fund Accountant employer: The Institute of Internal Auditors
Contact Detail:
The Institute of Internal Auditors 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 related to 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 industry trends and challenges can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Demonstrate your communication skills by preparing to discuss how you would handle client queries and collaborate with team members across different regions. Highlighting your interpersonal skills can set you apart from other candidates.
✨Tip Number 4
Show your enthusiasm for continuous learning by researching recent developments in fund accounting and investment strategies. Being able to discuss these topics during your interview will showcase your commitment to professional growth.
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 (NAVs), P&L analysis, and investor-level accounting to demonstrate your knowledge in your application.
Tailor Your CV: Highlight relevant experience in accounting or finance, especially if you have worked with hedge funds or similar financial services. Use specific examples that showcase your skills in communication, accuracy, and multitasking, as these are key for the role.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the position and the company. Mention your interest in learning new skills and how your background aligns with the requirements listed in the job description. Be sure to convey your understanding of the financial services industry.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a role in fund accounting.
How to prepare for a job interview at The Institute of Internal Auditors
✨Understand the Role
Make sure you have a solid grasp of what a Fund Accountant does, especially in relation to hedge funds. Familiarise yourself with terms like Net Asset Value (NAV), P&L analysis, and investor-level accounting. This will help you answer questions confidently and show your genuine interest in the role.
✨Brush Up on Accounting Principles
Even if you’re not fully qualified, having a good understanding of accounting principles is crucial. Review key concepts related to hedge fund accounting, fee structures, and financial reporting. This knowledge will be beneficial when discussing your skills and experiences during the interview.
✨Showcase Your Communication Skills
Since the role requires strong interpersonal skills, be prepared to demonstrate your ability to communicate effectively. Think of examples where you've successfully collaborated with others or resolved client queries. This will highlight your suitability for working in a global team.
✨Prepare Questions
Have a few thoughtful questions ready to ask at the end of the interview. Inquire about the team dynamics, opportunities for professional development, or how the company supports work-life balance. This shows that you’re engaged and serious about the position.
