Job Description

Associate - Fund Accounting - CA Fresher


Job Number: 3222907
POSTING DATE: Aug 29, 2022
PRIMARY LOCATION: Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
JOB: Fund Services
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate

DESCRIPTION
Morgan Stanley Morgan Stanley Fund Services


JOB DESCRIPTION


Job Function: Fund Accounting

Department: Morgan Stanley Fund Services

Morgan Stanley Fund Services (MSFS) provides fund administration services to the world’s leading hedge funds. MSFS has around 1300+ professional globally and of which, 700+ employees works out of India. Our offices are spread in New York, Dublin, London, Glasgow, Mumbai, Bangalore and Hong Kong.
MSFS is a wholly owned subsidiary of Morgan Stanley. The parent company, Morgan Stanley, has obtained Financial Holding Company status in the United States. Subsidiaries of Morgan Stanley are subject to the supervision and regulations of the Federal Reserve Bank. MSFS is an independent legal and business venture within Morgan Stanley. It provides services on a stand-alone basis, independently from other Morgan Stanley affiliates.


The services offered by MSFS include:

• 
  Accounting support including financial reporting
  Investor Services
  Tax Services
  Middle Office support
  Analytics
  Corporate Secretary Services
  StratumSM, investor transparency reporting.

Position Description:


Will work very closely with Account Managers of Morgan Stanley Fund Services (MSFS) in ensuring proper NAV calculation of their hedge fund clients. They will also act on various requests made by the clients to update their portfolios on Morgan Stanley Portfolio Accounting (MSPA). MSPA is the accounting / reporting system of MSFS. The analyst will also interact with the Account Manager to review accounting and performance related issues.


Primary Responsibilities: -

• Provide Accounting solutions to Hedge Funds for independent valuation, investor transparency and regulatory compliance.

• Calculation of daily/monthly NAVs.

• 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, incentive 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.

. Validate capital activities and perform investor allocations.

Skills required:

An Associate is likely to have the following characteristics:

• 
  Looking for a qualified CA/MBA in Finance/CFA
  A number of years prior work experience – preferably in financial services. Knowledge of hedge fund processing is a strong advantage.
  Good administrative and organizational 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.