Associate, Fund Accounting (Bangalore)

About the Role

Morgan Stanley Fund Services (MSFS) is seeking an Associate to join our Fund Accounting team. MSFS is a global business within the Institutional Equities Division (IED) providing fund administration services.

Key Responsibilities

• Provide accounting solutions for hedge funds, focusing on independent valuation, investor transparency, and regulatory compliance.
• Calculate daily Net Asset Value (NAV).
• Review MSPA to custodian reconciliations, identify causes of breaks, and notify the Account Manager.
• Make necessary adjustments in MSPA for erroneous or missing transactions.
• Perform middle office functions, including P&L analysis, daily cash projections, calculating FX transfers for funding, and checking client contributions and redemptions.
• Review general ledger exceptions and make necessary adjustments.
• Verify performance by reviewing large P&L swings and analyzing income/expense journals for validity.
• Adjust activity for MSPM processing and reporting.
• Accrue daily or monthly non-security related accruals, including management fees and financing accruals.
• Process non-automated transactions, such as 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 with financial statement preparation.
• Assist with compliance functions.

Requirements & Tech Stack

• Morgan Stanley Portfolio Accounting (MSPA)
• MSPM

Qualifications

• 0 to 2 years of prior work experience, preferably in financial services.
• Knowledge of hedge fund processing is a strong advantage.
• Good administrative and organizational skills with a 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.