Associate - Fund Accounting - CA Fresher

About Morgan Stanley

Since its founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services.

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.

Your role

Position Description: 

Will work very closely with Account Managers of Morgan Stanley Fund Services (MSFS) in ensuring the 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 the cause. Notify the Account Manager of breaks. If the 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 the 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 of financial statements.
• Assistance with compliance functions.
• Validate capital activities and perform investor allocations.   

Training, Development & Rotations

Morgan Stanley values and embraces uniqueness and individuality, and its commitment to diversity permeates all levels of the organization. By fostering a corporate culture that is open and inclusive, employees can achieve their own professional goals. Here, the company focus on enhancing the careers of our employees by offering a variety of educational and professional development programs.

Salary & Benefits

The average annual salary for the Associate - Fund Accounting - CA Fresher role is around INR 3.2 to 5.1 LPA (Source: Ambition Box). Below are the employee benefits at Morgan Stanley:

• Health Care & Insurance
• Life Insurance
• Vacation & Paid Time Off
• Maternity & Paternity Leave
• Work From Home options 
• Student loan refinancing for you, your family, and friends
• An employee offers cash management, securities-based loans, and home financing solutions with options for each stage of your life

Career Progression

A wealth of opportunities for career mobility and a culture that encourages employees to take on new challenges make Morgan Stanley India a hub for professional growth.

Morgan Stanley values and embraces uniqueness and individuality, and its commitment to diversity permeates all levels of the organization. By fostering a corporate culture that is open and inclusive, its employees can achieve their own professional goals. Here, they focus on enhancing the careers of their employees by offering a variety of educational and professional development programs.

• Diversity Training
• Leadership Program 
• Project Career development program
• Project Impact leadership program

Work-Life Balance

They have a good and inclusive work culture where they hugely invest in their employees’ learning and development training. It provides flexible work hours with work-from-home options. The company operates five days a week with an average of 55 working hours.

Culture & Vibe  

Morgan Stanley offers a dynamic and multifaceted environment that requires individuals to work closely with colleagues across various functions and the Business Unit in onshore regions. You will get to work with extremely talented peers in a meritocratic team-oriented culture.

About You

The requirements for the role are as follows:

An Associate is likely to have the following characteristics: 

• Looking for a qualified CA/MBA in Finance/CFA
• Several 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.

How to Apply

To apply for this role, just click on the Apply on employer site button. It will navigate to the career section where the application can be submitted.