Institutional Equity Division - Associate, Fund Accounting (Bangalore)

Overview

Associate role in the Fund Accounting team of Morgan Stanley Fund Services (MSFS), responsible for NAV calculation and portfolio accounting for hedge fund clients.

What you'll do

• Provide accounting solutions to hedge funds for independent valuation, investor transparency and regulatory compliance.
• Calculate daily NAV.
• Review MSPA to custodian reconciliations, identify and determine the cause of breaks, notify the Account Manager of breaks, and make necessary adjustments where an erroneous or missing transaction in MSPA is the cause.
• Perform middle office functions including P&L analysis, daily cash projections, calculation of FX transfers required for funding, and checking client contributions and redemptions.
• 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.
• 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.
• Assist with compliance functions.
• Interact with the Account Manager to review accounting and performance related issues.

What you'll need

• 0 to 2 years prior work experience.
• Good administrative and organisational skills with a particular focus on accuracy and attention to detail.
• An ability to work under pressure and cope with increased workloads at month-end.
• An ability to work as part of a virtual team spread across different time zones and geographies.
• An ability to use key financial systems and other IT tools.

Nice to have

• Experience in financial services, preferred.
• Knowledge of hedge fund processing, a strong advantage.

Details

• Location: Bengaluru, Karnataka, India.