Description
Morgan Stanley Fund Services is a wholly owned subsidiary of Morgan Stanley, administers over $500 billion of hedge fund assets. Using the firm's proprietary, globally accessible technology platform, the business provides a full range of fund administration services, including daily accounting and financial reporting; transfer agency and investor services; middle and back-office support; and integrated portfolio analytics. Morgan Stanley Fund Services is supported by more than 1300 professionals based in New York, London, Dublin, Glasgow, Mumbai, Bangalore, and Hong Kong.
Position Title
Team: Fund Services Centralized Accounting team (FSCAT).
Employment Type: FTE
Job Designation: Sr. Associate
Position Description
- Provide Accounting solutions to Hedge Funds/Private Equity funds for independent valuation, investor transparency and regulatory compliance.
- calculating accurate daily/month end NAV for the MSFS clients.
- Review MSPA to custodian reconciliations. Identify and determine cause. Notify Account Manager of breaks. Make necessary adjustments where required.
- 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 processing and reporting.
- Responsible for accruing daily or monthly non-security related accruals 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.
- Accurately calculate PnL allocation, management fee and Incentive fee at investor level during month ends.
- The candidate will work closely with client facing account manager to ensure that SLAs of the client(s) assigned to them is delivered on time and with high quality.
Skills Required
- Candidate must have technical knowledge of hedge fund and alternative strategies, investor allocation concepts and terminologies, implementation of fund terms, with a working knowledge of accountancy principles.
- Knowledge of private equity fund structures designs & hierarchies, Special purpose vehicles, standalone funds, master-feeder funds, and the role of each entity in the fund structure.
- Should be detailed oriented and must have strong analytical and problem-solving skills.
- Ability to work as part of a focused globally distributed team.
Skills/Qualifications Desired
- MBA Finance/CA preferred with 3 to 5 years of experience in Fund accounting and PE admin.
- Needs to be comfortable with Microsoft office: Outlook, Excel, Word, PowerPoint,
- Strong communication
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
Posting Date
Apr 25, 2024
Primary Location
Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
Job
Fund Services
Employment Type
Full Time
Job Level
Senior Associate
