Associate - IM

Job Description

*The AIP (Alternative Investment Partners) business is the Fund of Funds division of MSIM. AIP provides institutions, foundations, endowments and high net worth individuals with access to diversified portfolios of privately placed alternative investment products.The individual in this position will be responsible for operations and portfolio management support activities for the AIP private equity fund of fund vehicles and separately managed accounts. The position includes namely maintaining books and records, Pricing and Valuations, processing of transactions, Client Reporting, Regulatory Reporting and Documentation.Responsibilities in this position will result in detailed knowledge of accounting and operations for the AIP portfolios, including investments in private equity funds, real estate funds, secondary investments, and co-investments as well as derivative investments, such as options and forward currency contractsThis position would require the individual to work closely with the local teams in India as well as the team in the US, also liaise, and interact with various fund houses and their administrators for the valuations, reconciliation and investment information, which is received through different sources and in different, formats emails/websites etc.The process is manual. The team works in a very time sensitive environment with multiple deadlines and involves in-depth analysis of valuations and understanding of market changes and complexities of the funds. Primary Responsibilities Monitoring various mailboxes for notifications of documents Actively monitoring critical investment and investor activity for multiple portfolios and custodian banks, ensuring proper settlement of transactions; developing significant level of expertise of the holdings, terms and transactions of multiple portfolios to provide intuitive and proactive oversight of these portfolios Overseeing third party service providers in posting activity to the portfolios general ledger and maintaining portfolio activity in AIP s parallel portfolio accounting system, Investran Maintenance of agreements and investment documentation in the Document management system. Maintenance of integrity and secrecy of the firm Reconciling transactions, valuations, management fees, carried interest calculations, P&L components, and other activity between Investran and the third party service provider s records on a monthly/quarterly basis to ensure accuracy Verifying accuracy of investor capital account balances, NAV allocations, and capital activity on a monthly/quarterly basis Understanding and interpreting underlying fund investment financial statements for the purpose of preparing and/or calculating their respective fair valuation amounts, which includes documentation based on various sources of investment information and detailed reviews of financial statements and quarterly reports for regular internal fair valuation committee meeting approval Generating cash projections, fund capacity calculations and investor capital calls/distribution calculations for the AIP portfolios Providing support for AIP product, regulatory, and other audits; assisting with review of offering documents for new AIP products and supporting other areas of product development, as needed Signing-off on net asset value and performance based information for AIP on a monthly/quarterly basis; providing regular daily support and responding to numerous ad-hoc requests from investment management, investors and other internal and external stakeholders Working effectively with third party service providers and internal parties to ensure a high level of service for the AIP products; raising service issues in an appropriate manner and following up issues to resolution; creating or enhancing processes to improve the efficiency of the AIP Team Performing quarterly compliance reporting and highlighting instances in which there may be potential noncompliance with the AIP products governing documents Ability to work on complex structures that contain multiple vehicles such as leveraged corporate blockers and AIV s. Develop an understanding of these structures and ensure adequate controls are in place. Prepare various different carried interest calculations for complex structures and also different waterfall types such as specific investment exclusion. Ability to understand carried interest based on terms as defined in Limited Partnership Agreements. Performing other related functions or responsibilities as needed or assigned, * Bachelor s degree, or equivalent, in Accounting, Finance, or related business field A minimum of three years of investment accounting experience Prior experience in private equity/real estate or private equity/real estate fund of funds investment accounting is required. Knowledge of hedge fund accounting and/or derivatives, or experience with Investran, is a plus. Strong organizational and analytical skills and the ability to effectively summarize findings, both verbally and in writing, in a clear and concise manner Should have a keen eye for details and accuracy. Ability to identify and escalate risk issues to stakeholders High degree of computer literacy, including working knowledge of Windows-based applications such as Word and Excel. An ability to work under pressure and an ability to cope with increased workloads at month-end/quarter ends An ability to think outside the box and look for creative solutions Self-starter with the ability to take a proactive approach to projects and tasks in implementing solutions. Demonstrate ability to work effectively in a team-oriented environment and flexibility to adapt to changing needs and requirements. Ability to work effectively with minimal supervision Time management and prioritizing to meet the time sensitive deadlines.

Keyskills :
net asset valuehedge fund accountingfollowing upgeneral ledgerprivate equityfund accountingtime managementclient reportingClient Reporting fund of fundsfunds investment accounting