Morgan Stanley Fund Services

JOB DESCRIPTION
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Job Function : Fund Accounting

Department : Morgan Stanley Fund Services

Designation : Associate/Senior Associate

Reports to : Manager

Experience : Associate (1 to 3 years)

Senior Associate (3 to 6 years)

Position Description : Analysts 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.

Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of
investment banking, securities, investment management and wealth management
services. The Firm's employees serve clients worldwide including corporations,
governments and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success.
Together, we share a common set of values rooted in integrity, excellence and
strong team ethic. Morgan Stanley can provide a superior foundation for building a
professional career - a place for people to learn, to achieve and grow. A philosophy
that balances personal lifestyles, perspectives and needs is an important part of our
culture

Morgan Stanley Fund Services (MSFS), a wholly owned subsidiary of Morgan

Stanley, provides fund administration services to Worlds leading hedge funds. MSFS
has over 700 professional with offices in New York, London, Hong Kong, Dublin,
Mumbai, Bangalore and Glasgow.

Primary 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 clients 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.

Skills required:

An Associate is likely to have the following characteristics:

A number of 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.