Institutional Equity Divsion - Manager, Fund Accounting (Bangalore)

Morgan Stanley•Campus, IL

4d•Onsite

About The Position

Morgan Stanley Fund Services (MSFS) is seeking a Manager to join their Institutional Equity Division in Bangalore. This role is responsible for ensuring accurate Net Asset Value (NAV) calculations for hedge fund clients and managing portfolio updates within the Morgan Stanley Portfolio Accounting (MSPA) system. The Manager will also collaborate with Account Managers to resolve accounting and performance-related issues. MSFS, established in 2004, is a global leader in fund administration, overseeing over $700 billion in assets for a diverse client base. The MSFS Accounting group provides comprehensive portfolio accounting services, including daily reconciliations, NAV calculations, and return estimates, utilizing sophisticated systems and a specialized team with expertise in hedge funds, private equity, audit, and prime brokers. This is a fast-paced, intellectually stimulating environment ideal for ambitious individuals.

Requirements

5 to 7 years prior work experience – preferably in financial services.
Knowledge of hedge fund processing is a strong advantage.
Good administrative and organisational skills with a particular focus on accuracy and attention to detail.
An ability to work under pressure and an ability to cope with increased workloads at month-end.
An ability to work as part of a virtual team that is spread across different time zones and geographies.
An ability to use key financial systems and other IT tools.

Responsibilities

Provide Accounting solutions to Hedge Funds for independent valuation, investor transparency and regulatory compliance.
Calculation of daily NAV.
Review MSPA to custodian reconciliations. Identify and determine cause. Notify Account Manager of breaks. If break is due to an erroneous or missing transaction in MSPA then make necessary adjustments.
Perform middle office functions including P&L analysis, daily cash projections, calculations of FX transfers required for funding, checking client’s contributions & redemptions etc.
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.
Responsible for accruing 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.
Providing audit support and assistance to funds in the preparation on financial statements.
Assistance with compliance functions.