Manager - FSCAT (ISG Operations)

Morgan Stanley; Bengaluru; On-site; INR 600,000 - 1,000,000; Full time

Benefits offered by this job

Comprehensive Employee Benefits

Flexible Working Hours

Support for Work-Life Balance

Job summary

An established industry player seeks a diligent Fund Accounting Analyst to support hedge fund clients with NAV calculations and portfolio updates. This role involves close collaboration with Account Managers, ensuring accurate financial reporting and compliance. You will engage in middle office functions, analyze performance, and provide audit support, all while working in a dynamic environment that values integrity and excellence. Join a firm that fosters professional growth and teamwork, offering a comprehensive benefits package to support your career journey.

Qualifications

• Prior experience in financial services, preferably with hedge funds.
• Strong administrative skills with a focus on accuracy.

Responsibilities

• Calculate daily NAV and provide accounting solutions for hedge funds.
• Review reconciliations and adjust erroneous transactions.

Skills

Financial Services Experience

Attention to Detail

Organizational Skills

Ability to Work Under Pressure

Team Collaboration

Use of Financial Systems

Tools

MSPA (Morgan Stanley Portfolio Accounting)

Job description

Job Function: Fund Accounting

Department: Morgan Stanley Fund Services

Position Description:

Will work very closely with Account Managers of Morgan Stanley Fund Services (MSFS) 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.

Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve, and grow. A philosophy that balances personal lifestyles, perspectives, and needs is an important part of our culture.

Morgan Stanley Fund Services (MSFS), a wholly owned subsidiary of Morgan Stanley, provides fund administration services to the World’s leading hedge funds. MSFS has over 700 professionals with offices in New York, London, Hong Kong, Dublin, Mumbai, Bangalore, and Glasgow.

Primary Responsibilities:

1. Provide Accounting solutions to Hedge Funds for independent valuation, investor transparency, and regulatory compliance.
2. Calculation of daily NAV.
3. 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.
4. Perform middle office functions including P&L analysis, daily cash projections, calculations of FX transfers required for funding, checking client’s contributions & redemptions etc.
5. Review general ledger exceptions. Identify cause and make necessary adjustments.
6. Verify performance by reviewing large P&L swings and analyzing income/expense journals for validity.
7. Adjust activity as necessary for performance (MSPM) processing and reporting.
8. Responsible for accruing daily or monthly non-security related accruals including management fees and financing accruals.
9. Process non-automated transactions including OTC derivatives and their related cash movements.
10. Perform daily and monthly securities pricing analysis.
11. Validate and process corporate action data.
12. Providing audit support and assistance to funds in the preparation of financial statements.
13. Assistance with compliance functions.

Skills Required:

An Associate is likely to have the following characteristics:

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

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect, and cross-collaboration.

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.

We're committed to bringing passion and customer focus to the business.

Coverage for Audit Jobs

1. Monday to Friday from 12:00PM to 9:00PM India time with flexibility on standard working hours for time-sensitive matters.
2. Periodic evening calls with US and EMEA Internal Auditors and auditees.