Fund Accounting (Private Equity), Associate / Senior Associate, ISG Operations
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/Private Equity funds for independent valuation, investor transparency and regulatory compliance.
calculating accurate daily/month end NAV for the MSFS clients.
Review MSPA to custodian reconciliations. Identify and determine cause. Notify Account Manager of breaks. Make necessary adjustments where required.
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 processing and reporting.
Responsible for accruing daily or monthly non-security related accruals 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.
Accurately calculate PnL allocation, management fee and Incentive fee at investor level during month ends.
The candidate will work closely with client facing account manager to ensure that SLAs of the client(s) assigned to them is delivered on time and with high quality.
What you'll bring to the role:
Candidate must have technical knowledge of hedge fund and alternative strategies, investor allocation concepts and terminologies, implementation of fund terms, with a working knowledge of accountancy principles.
Knowledge of private equity fund structures designs & hierarchies, Special purpose vehicles, standalone funds, master-feeder funds, and the role of each entity in the fund structure.
Should be detailed oriented and must have strong analytical and problem-solving skills.
Ability to work as part of a focused globally distributed team.
MBA Finance/CA preferred with 1 to 5 years of experience in Fund accounting and PE admin.
Needs to be comfortable with Microsoft office: Outlook, Excel, Word, PowerPoint,
Strong communication
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.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo .
