Fund Accountant (Glasgow) recruitment

Morgan Stanley has earned a worldwide reputation for the excellence of its advice and execution in financial markets. With over 1,200 offices in 37 countries, the firm is truly global- and a market leader in the U.S, Europe and Asia as well as in Emerging Markets.  We provide institutions and individuals with almost every kind of financial product and service across all the world’s major markets.

In 2000 the Institutional Securities division established an operations team in Glasgow with just 6 employees.  Since then our office has grown to over 800 employees across 5 divisions: Global Wealth Management (2001); Finance (2001); Fund Services (2007) and Information Technology (2007).  Our offices are located in Glasgow’s city centre in the heart of the International Financial Services District.

We have built a world class reputation for quality and service and the talent and passion of our people has been critical to our success.  We can provide a superior foundation for building a professional career – a place for people to learn, to achieve and to grow.  Together we share a common set of values rooted in integrity, excellence and a strong team ethic.

Due to our growing business, we have a demand for career minded people to join our teams.   Our opportunities offer unrivalled scope for progression and training within a fast paced, meritocratic and constantly changing environment

Fund Accountant: 

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 PL 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 PL 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

Requirements:
• 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