Director, Fund Services Valuation – Quality Assurance

Morgan Stanley

. Ensure terms of exotic trades are captured correctly and use vendor systems to provide end-of-day valuations to hedge fund clients .

Posted 10/7/2026full-timeNew York City • New York • United StatesLead💰 $95,000 - $190,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in hedge fund administration, including valuation and accounting practices, with a strong understanding of US GAAP and the ability to lead quality assurance initiatives. Proven capability in developing analytical tools and enhancing processes to improve operational efficiency and client service.

Highest-signal resume keywords

Hedge Fund AdministrationUS GAAP KnowledgeValuation Systems ExperienceQuality Assurance LeadershipAccounting Qualification

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Fixed Income ProductsCredit ProductsInterest Rate ProductsDerivatives ProductsValuation MethodologiesAccounting PracticesAnalytical Tool DevelopmentMiddleware SystemsHybrid StructuresIFRS Knowledge

Soft Skills

Interpersonal SkillsStrategic ThinkingPlanning SkillsTeam Player CapabilityAbility to Handle Pressure

Tools & Technologies

MarkItSuperDBloomberg

Certifications & Qualifications

CPACAACCACIMACFA

Industry Keywords

NAV DeliveryClient Portfolio ManagementUCITSAIF StructuresRegulated Funds Administration

About the role

Key responsibilities & impact

Ensure terms of exotic trades are captured correctly and use vendor systems to provide end-of-day valuations to hedge fund clients
Improve and refine processes by understanding requirements, prototyping, and working with developers to enhance in-house systems for systematic term capture and pricing
Review terms against client communications, trade confirmations, and middleware systems
Obtain valuations for client positions after market close and ensure accurate capture within client portfolios
Resolve queries and price challenges with hedge funds and internal colleagues
Assist with final accounting reviews of NAVs completed in the same or other MSFS locations within defined delivery schedules
Develop analytical tools and review procedures to enhance NAV deliveries and provide innovative solutions
Lead quality assurance initiatives and projects within accounting and valuation
Provide exception reporting to senior management and functional groups regarding adherence to valuation and fund accounting policies and procedures
Design, implement, and enhance policies, procedures, and controls based on observations
Build and manage relationships with senior management and business owners
Integrate with global colleagues to ensure standard operating practices
Maintain current knowledge of GAAP and industry updates and ensure relevant application
Initiate, participate in, and lead valuation and accounting projects and initiatives, including transitions of new clients onto MSFS platforms
Undertake other responsibilities and tasks as reasonably required

Requirements

What you’ll need

Understanding of fixed income, credit, interest rate, and derivatives products
Understanding of middleware and valuation systems such as MarkIt, SuperD, and Bloomberg preferred
Public accounting, private equity, hedge fund administration, or management experience advantageous
Experience with hybrid structures, including calculation methodologies such as waterfalls, advantageous
5 years of post-qualification experience, preferably including public accounting experience supporting investment-related companies
Extensive experience and thorough understanding of industry and accounting practices
Strong technical skills
US GAAP knowledge required, including strong understanding of hedge fund structures
Knowledge of IFRS advantageous
Knowledge of Irish regulatory requirements, particularly UCITS and AIF structures and reporting requirements, advantageous
Proven ability to advise and influence group managers, employees, and senior management
Previous quality assurance experience in a related field advantageous
Excellent oral and written interpersonal skills
Broad and deep understanding of accounting and operational issues related to hedge fund, private equity, and regulated funds administration
Strategic thinking, planning, and prioritization skills
Ability to work effectively across all levels of the firm's support structure
Ability to work independently and as part of a global team
Dynamic leadership and team-player capability
Ability to handle pressure effectively
Sound judgment in escalating risk
Strong work ethic and flexibility for ad hoc projects
Fully completed accounting qualification/certification such as CPA, CA, ACCA, CIMA, or CFA accreditation advantageous

Benefits

Comp & perks

Flexible working arrangements
Supportive and inclusive work environment
Employee benefits and perks
Morgan Stanley-sponsored benefit programs
Commission earnings, incentive compensation, discretionary bonuses, and other short- and long-term incentive packages may be included in total compensation
Opportunities for career development and internal mobility