Fund Accounting - Associate - ISG Operations

Job description

We’re seeking someone to join our team as Associate who will be responsible 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.

Established in 2004, Morgan Stanley Fund Services (MSFS) is a global business within the Institutional Equities Division (IED) that provides fund administration services for over $700billion in assets across 350+ hedge funds, private equity and large family offices clients. Our best-in-class offering includes accounting and investors services, portfolio analytics, middle-office functions, regulatory and financial reporting, and tax services. Delivering these services to our clients and their investors is a diverse team of 1,400 highly skilled employees across the globe based in New York, London, Glasgow, Dublin, Mumbai, Bengaluru, and Hong Kong. Joining MSFS, you will discover a dynamic environment where every day offers new opportunities for personal growth and innovation. Here at MSFS your career isn’t just a job, it’s an incredible journey fueled by collaboration, challenge, and the chance to make a meaningful impact to our business, our clients, their investors and the wider Morgan Stanley franchise.

The MSFS Accounting group offers a dynamic, client-focused environment providing comprehensive portfolio accounting services—including daily reconciliations, NAV calculations, and daily/weekly return estimates. We bring together sophisticated systems supporting diverse fund structures and incentive arrangements with a highly specialized team with expertise in hedge funds, private equity, audit, and prime brokers. Collaboration, precision, and innovation define the department, ensuring accuracy and timeliness for clients while fostering professional growth across all levels of our diverse global team. MSFS Accounting provides a fast-paced, intellectually stimulating environment ideal for ambitious individuals looking to engage with complex financial products & data, cutting-edge processes, and high-performing colleagues. Join us to be part of a team where expertise and excellence drive success for our clients and your career.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you’ll do in the role:

• 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.

What you'll bring to the role:

• 0 to 2 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.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.