Client Account Manager 83 views

Principal Duties:
• Act as primary point of contact for hedge fund clients
• Manage approximately 1-5 client relationships
• Review and understand key fund organizational documents and ensure fund setup is consistent with the fund’s documents
• Assist MSFS conversion teams with new client set up and accounting conversion implementation
• Coordinate with MSFS’ offshore operations and clients to resolve trade and accounting breaks
• Review position and cash reconciliations between clients and their custodians
• Perform account closing procedures and ensure compliance with MSFS’ established accounting procedures and controls
• Ensure all fund expenses are accrued timely and in accordance with applicable accounting guidelines
• Review investor allocations prior to distribution to clients and investors
• Review accounting journal entries related to standard accruals, management and incentive fees (calculated in accordance with fund documents), derivative contract financing and broker financing
• Coordinate valuation signoff process with relevant accounting colleagues in other
Global locations
• Review and approve portfolio valuations to ensure compliance with Fund governing documents prior to distribution to clients and ensure client approval prior to distribution to investors/third parties
• Idea generation and ongoing assessment and improvement of the operational service model
• Coordinate with global colleagues across various groups (accounting, operations, investor services) to identify and implement solutions to problems –and leverage firm resources as appropriate to strengthen control environment and improve service model
• Act as a conduit between clients and their custodians/prime brokers
• Coordinate yearend audit with client and their independent auditors
• Review draft annual financial statements

Qualifications:

Skills Required
• Undergraduate degree (i.e. Bachelor’s degree or its equivalent)
• Minimum 5 years prior experience in accounting related role
• Extensive knowledge of hedge fund and hedge fund investor level accounting concepts including:
– Offshore accounting (Class/series)
– Offshore accounting (Equalization methods)
– Partnership accounting
– Accounting for complex management and incentive fee/allocation terms (e.g. hurdle rates, high water mark/loss carry forward, etc.)
– Side-pocket accounting
– Allocation of new issues
• Strong knowledge of U.S. generally accepted accounting principles (GAAP) and/or International Financial Reporting Standards (IFRS), as applicable
• Experience in GAAP/IFRS financial statement reporting requirements, including strong understanding of hedge fund structures (master-feeder, mini-master, fund-of-funds)
• Strong team and interpersonal skills
• Strong communication skills (both written and verbal), and relationship management skills
• Knowledge of different product types, including but not limited to derivatives (total return swaps, credit default swaps, interest rate swaps, futures, forwards), bonds, options, equity instruments, etc.
• Ability to handle pressure effectively
• Exercise sound judgment on escalating risk
• Ability to communicate effectively across cultures
• Demonstrate ability to leverage resources across the various other sub functions (i.e.: Tax, IS, Portfolio Analytics, etc.)
• Consistently deliver high quality work product
• Apply sound business judgment
• Encourage innovative ideas and solutions to problems
• Controls & Risk Management – focus on enhancing control and managing operational risk

Skills Desired
• CPA/CA/Qualified license a plus but not required
• Prior experience with an asset manager, fund administrator, or public accounting firm, preferred
• Tax knowledge and experience in tax return preparation a plus

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