Company Profile:
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).
Job Designation: Sr. Associate
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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..
Qualifications -
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.
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 maximize 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
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 Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.
Coverage for Audit Jobs
• Monday to Friday from 12:00PM to 9:00PM India time with flexibility on standard working hours for time sensitive matters.
• Periodic evening calls with US and EMEA Internal Auditors and auditees.