Institutional Equity Division - Associate, Fund Accounting (Bangalore)

Overview

Associate role in Morgan Stanley Fund Services (MSFS) Fund Accounting, 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 cause, and notify the Account Manager of breaks; make necessary adjustments where a break is due to an erroneous or missing transaction in MSPA.
• Perform middle office functions including P&L analysis, daily cash projections, calculations 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 preparing financial statements.
• Assist with compliance functions.

What you'll need

• 0 to 2 years of prior work experience, preferably in financial services.
• Good administrative and organisational 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.

Nice to have

• Knowledge of hedge fund processing is a strong advantage.

Details

• Location: Bengaluru, India.