Institutional Equity Division - Associate, Fund Accounting (Bangalore)

Morgan Stanley•Campus, IL

About The Position

Morgan Stanley Fund Services (MSFS), part of the Institutional Equities Division, provides fund administration services to hedge funds, private equity firms, and family offices. The Associate, Fund Accounting supports hedge fund clients by ensuring accurate NAV calculations and maintaining portfolio records in Morgan Stanley Portfolio Accounting (MSPA). The role also involves working with Account Managers on accounting and performance-related issues. The MSFS Accounting group provides portfolio accounting services, including daily reconciliations, NAV calculations, and daily or weekly return estimates. The role operates in a client-focused, fast-paced environment involving complex financial products, data, fund structures, and incentive arrangements. It supports accurate and timely service to clients and their investors through collaboration with colleagues across global teams.

Requirements

0 to 2 years of prior work experience; financial services experience is preferred.
Good administrative and organizational skills, with 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 across different time zones and geographies.
Ability to use key financial systems and other IT tools.

Nice To Haves

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

Responsibilities

Provide accounting solutions to hedge funds for independent valuation, investor transparency, and regulatory compliance.
Calculate daily NAV.
Review MSPA-to-custodian reconciliations, investigate 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, FX transfer calculations for funding, and checking client contributions and redemptions.
Review general ledger exceptions, identify their 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 items, 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.
Interact with Account Managers to review accounting and performance-related issues.
Process client requests to update portfolios on MSPA.