Associate, Fund Accounting (Bangalore)

Role: Associate, Fund Accounting

About the Role

Morgan Stanley Fund Services (MSFS) is a global business within the Institutional Equities Division (IED) providing fund administration services. The MSFS Accounting group offers client-focused portfolio accounting services including daily reconciliations, NAV calculations, and daily/weekly return estimates.

Key Responsibilities

• Provide Accounting solutions to Hedge Funds for independent valuation, investor transparency, and regulatory compliance.
• Calculation of daily NAV.
• Review MSPA to custodian reconciliations. Identify and determine cause, notify Account Manager of breaks. Make necessary adjustments for erroneous or missing transactions in MSPA.
• Perform middle office functions including P&L analysis, daily cash projections, calculations of FX transfers, and checking client contributions & redemptions.
• Review general ledger exceptions and make necessary adjustments.
• Verify performance by reviewing large P&L swings and analyzing income/expense journals.
• Adjust activity as necessary for performance (MSPM) processing and reporting.
• Accrue daily or monthly non-security related accruals including management fees and financing accruals.
• Process non-automated transactions including OTC derivatives and their related cash movements.
• Perform daily and monthly securities pricing analysis.
• Validate and process corporate action data.
• Provide audit support and assistance to funds in the preparation of financial statements.
• Assistance with compliance functions.

Requirements & Tech Stack

• Morgan Stanley Portfolio Accounting (MSPA)
• MSPM
• OTC derivatives

Qualifications

• 0 to 2 years prior work experience – preferably in financial services.
• Knowledge of hedge fund processing is a strong advantage.
• Good administrative and organisational skills with a particular focus on accuracy and attention to detail.
• Ability to work under pressure and cope with increased workloads at month-end.
• Ability to work as part of a virtual team spread across different time zones and geographies.
• Ability to use key financial systems and other IT tools.