Conversion, Fund Accounting – Senior Associate/Manager - Fund Services

We’re seeking someone to join our team as Senior Associate/Manager who 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.

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

Transition Management (“TM”) is the heart of client onboarding and fund launches for MSFS.  The team offers the opportunity to make a direct impact on clients and their investors, guiding them through one of their most important transitions.

As a member of the TM team, you’ll be the central liaison between clients and our expert MSFS functional groups. From the moment a prospective client is approved and chooses to partner with us, you’ll coordinate the crucial steps that ensure a seamless setup and launch on the MSFS platform.

If you’re organized, proactive, and thrive in a collaborative setting where you can see the tangible results of your efforts, Transition Management is the place for you. Join us in delivering world-class service and shaping the future of client onboarding at MSFS.

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:

• Conversion of accounting data while client migrating from prior admin to MSFS.
• Liaise with global teams to setup all internal systems / Custody reporting etc.
• Coordinating with different stake holders to manage conversion project effectively.
• Calculation of daily NAV.
• Performing 3 ways reconciliation – MSFS to Custody to Prior Admin.
• 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:

A number of 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.

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 opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.