Isg Operations - Senior Associate, Fund Accounting (Bengaluru)

Morgan Stanley; Karnataka; On-site; INR 1,100,000 - 1,400,000; Full time

Job summary

Morgan Stanley is seeking a Senior Associate in Fund Services to ensure accurate NAV calculations for hedge fund clients and to manage portfolio updates in MSPA. You will interact with Account Managers to review accounting and performance issues and will work within a global team providing fund accounting and reporting services.

The role involves calculating daily NAV, reconciling MSPA to custodians, performing middle office tasks, validating journals, pricing analysis, and supporting audits and

Qualifications

• 2 to 4 years prior work experience in financial services.
• Strong accuracy and attention to detail.
• Ability to work under pressure and cope with month-end workloads.
• Experience working in a virtual team spread across time zones and geographies.
• Familiarity with hedge fund processing and financial systems/IT tools.

Responsibilities

• Provide accounting solutions to hedge funds for valuation transparency and regulatory compliance.
• Calculate daily NAV for hedge funds.
• Review MSPA to custodian reconciliations and adjust breaks with Account Manager notification.
• Perform middle office tasks including P&L analysis, daily cash projections, FX transfer calculations, and contributions/redemptions checks.
• Review general ledger exceptions and make necessary adjustments.
• Verify performance by analyzing large P&L swings and income/expense journals.
• Accrue daily or monthly non-security related accruals (management and financing).
• Process non-automated transactions including OTC derivatives and related cash movements.
• Daily and monthly securities pricing analysis; validate corporate action data.
• Provide audit support and assist funds with financial statements; assist with compliance.

Skills

Financial systems

Hedge fund processing

Attention to detail

Time management

Team collaboration

Tools

MSPA (Morgan Stanley Portfolio Accounting)

Job description

Fund Accounting, Senior Associate, Fund Services

We’re seeking someone to join our team as Senior Associate who will be responsible in ensuring proper NAV calculation of their hedge fund clients. They will also act on various requests made by the clients to update their portfolios on Morgan Stanley Portfolio Accounting (MSPA). MSPA is the accounting / reporting system of MSFS. The analyst will also interact with the Account Manager to review accounting and performance related issues.

In the Morgan Stanley Fund Services division, we work with a global institutional client base to provide hedge funds, multi-asset class investors, family offices and private equity Firms with innovative product solutions.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you’ll do in the role:

• 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. If break is due to an erroneous or missing transaction in MSPA then make necessary adjustments.

• Perform middle office functions including P&L analysis, daily cash projections, calculations of FX transfers required for funding, checking client’s contributions & redemptions etc.

• Review general ledger exceptions. Identify cause and make necessary adjustments.

• Verify performance by reviewing large P&L swings and analyzing income/expense journals for validity.

• Adjust activity as necessary for performance (MSPM) processing and reporting.

• Responsible for accruing 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.

• Providing audit support and assistance to funds in the preparation on financial statements.

• Assistance with compliance functions.

What you'll bring to the role:

• 2 to 4 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.

• An ability to work under pressure and an ability to cope with increased workloads at month-end.

• An ability to work as part of a virtual team that is spread across different time zones and geographies.

An ability to use key financial systems and other IT tools.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo .