Institutional Equity Division - Associate, Fund Accounting (Mumbai)

Overview

Join the Fund Accounting team as an Associate responsible for proper NAV calculation for hedge fund clients and portfolio updates in Morgan Stanley Portfolio Accounting (MSPA). The role includes accounting, performance-related and middle-office activities, as well as interaction with the Account Manager on accounting and performance issues.

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 causes of breaks, notify the Account Manager, and make necessary adjustments for erroneous or missing transactions 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 causes, and make necessary adjustments.
• Verify performance by reviewing large P&L swings and analyzing income and 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 related cash movements.
• Perform daily and monthly securities pricing analysis.
• Validate and process corporate action data.
• Provide audit support and assist funds with preparing financial statements.
• Assist with compliance functions.
• Act on client requests to update portfolios on Morgan Stanley Portfolio Accounting (MSPA).
• 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.
• 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

• Prior work experience in financial services is preferred.
• Knowledge of hedge fund processing is a strong advantage.

Details

• Location: Mumbai, Maharashtra, India.