We are seeking a client facing Account Manager for our NYC office. Principal Duties - Cooperating with the Firm’s offshore operations and clients to resolve daily trade and accounting breaks - Preparing/reviewing monthly account closing procedures and ensuring compliance with established accounting procedures and controls - Ensuring all fund expenses are accrued timely and in accordance with GAAP - Performing monthly master-feeder accounting allocations - Preparing/reviewing investor allocations - Preparing/reviewing accounting journal entries related to standard accruals, management and incentive fees (calculated in accordance with fund documents), deferred compensation payables, derivative contract financing and broker financing - Ensuring monthly valuations are reviewed and approved prior to distribution to clients and reviewed and approved by clients prior to distribution to investors - Reviewing key legal fund offering documents and identifying possible accounting or administrative implementation issues - Assisting client conversion teams with new client set up and accounting conversion implementation - Identifying and implementing solutions to problems (accounting, operations, investor service) - Leveraging firm resources as appropriate to strengthen control environment: - Prepare/review position and cash reconciliations between clients and their custodians - Coordinating year-end audit with client and independent auditors - Preparing/reviewing draft annual financial statements Requirements - Bachelor’s degree - Minimum 3 years prior experience in a client-facing and/or accounting related role - Extensive knowledge of hedge fund investor, accounting concepts including: - Offshore class/series accounting - Partnership accounting - Allocation of new issues - Accounting for complex management and incentive fee terms (hurdle rates) - Offshore fee deferrals - Side-pocket accounting - Strong knowledge of US generally accepted accounting principles (GAAP) - Experience in GAAP financial statement preparation, including strong understanding of hedge fund structures (master-feeder, mini-master, fund-of-funds) - Strong team and interpersonal skills - Strong communication, accounting, industry and relationship management skills Skills Desired - CPA a plus but not required - Prior experience with a Hedge Fund preferred - Sarbanes-Oxley 404 related experience or experience in SSAE 16 preparation a plus - Tax knowledge and experience in tax return preparation a plus - Knowledge of IFRS a plus Expected base pay rates for the role will be between $95,000 and $190,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.