MSFS Mumbai, Accounting – Associate

Job description

JOB DESCRIPTION

______________________________________________________________________________

Job Function: Accounting team

Department: Morgan Stanley Fund Services

Designation: Associate

Position Description : Associate/Sr. Associate will work to validate and finalize the daily and the month end NAV of the 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.

Morgan Stanley Fund Services (MSFS), a wholly owned subsidiary of Morgan Stanley, provides fund administration services to World's leading hedge funds. MSFS has over 550 professional with offices in New York, London, Hong Kong, Dublin, Mumbai, Bangalore and

Glasgow

Principal Duties:

· Validating the NAV and the Profit & Loss of the hedge fund clients on a daily basis

· Reviewing the corporate actions booked in the system and ensuring that the same is correctly reflected in the books of the client

· Reviewing pricing of the portfolio and analyzing the pricing exceptions if any.
· Review MSPA to custodian/client 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.
· 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.

· Sending Daily Report to the client, which contains details of Fund's Performance & issues where client guidance is required, to enable us record correctly in the books of accounts (E.g. mismatches of trades, wire details, pricing issues etc.)

· Interaction with the Client facing Account Manager in regards to the clients daily report and resolving open issues if any.

· Checking that all OTC products traded by the client have been booked correctly (Interest rate swaps, Credit default swaps, Currency options, Commodity futures etc)

· Booking of Capital Activities of the fund

· Finalizing the month end NAV of the client and providing Investor Level Allocations at month-end

· Providing audit support and assistance to funds in the preparation on financial statements.
· Coordinating with various teams like Centralized Exception Reporting Team (CERT), Risk-Analytics team, Investor Services team, Tax Team etc