About this role
The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers.
Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide.Your career with us should reflect your energy and passion.
That’s why, at Apex Group, we will do more than simply ‘empower’ you. We will work to supercharge your unique skills and experience.
Take the lead and we’ll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities.
For our business, for clients, and for you
Associate - Hedge Fund Accounting
Bangalore/Pune - India
Shift Timings- Based on Business Requirements
The successful candidate will join the Fund Services team as a Hedge Fund Accountant and will be closely working with Client Service Managers based in Middle East/Europe/Singapore/US regions in connection with the performance of duties related to the administration of Alternative Funds. Candidate should possess a good understanding about Capital Market, Derivatives, Corporate Actions, and Hedge Funds. Good knowledge in Accounting concepts and Financial Products are required.
Reporting
The position reports to AVP – Hedge Fund Accounting
About Apex
The Apex Group is a global financial services provider with 3,000 staff across 40+ offices globally. We look to recruit bright, articulate and numerate employees who are not afraid of a challenge and are prepared to work hard and love what they do.
Every employee plays a part in making Apex who we are today and the more that we grow, the more important that becomes. Whatever your career path or specialism Apex provides a global platform to allow you to thrive.
Job Specification
- Responsible to prepare/ validate the NAVs of the hedge fund clients on a daily/Monthly basis.
- Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks. If break are due to an erroneous or missing transaction in Accounting system, then make necessary adjustments
- Reviewing pricing of the portfolio and analysing the pricing exceptions if any.
- Reviewing the corporate actions booked in the system and ensuring that the same is correctly reflected in the books. Dividends/Interest Reconciliation with Broker reports
- Responsible for accruing/amortizing daily or monthly non-security related Fee accruals including management fees and financing accruals.
- Process non-automated transactions including OTC derivatives and their related cash movements.
- Effective communication with clients on daily reporting of Estimates/NAVs/Query resolutions.
- Checking that all OTC products traded by the client have been booked correctly.
- Booking of Capital Activities of the fund.
- Finalizing the month end NAV of the client and providing Investor Level Allocation reports at month-end.
- Providing support in Audits for funds in the preparation on financial statements. Complete audit reviews and ensure identified issues are documented and tracked to closure.
- Support operations on projects related to Automations/Work migrations/Conversions etc.
- Coordinating with Internal/External Stake holders such as Securities/Trades and Pricing Team, Reporting Team, Investor Services team, Auditors, Client Service Managers and Clients.
Skills Required
- Post graduate in Commerce, MBA Finance, CA/CMA/CFA
- 0-4 Years of Fund accounting experience.
Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.
Other facts
About Apex Group Ltd
We are a single-source financial solutions provider dedicated to driving positive change while supporting the growth and ambitions of asset managers, allocators, financial institutions, and family offices around the world.
Established in Bermuda in 2003, we have continually disrupted the industry through our investment in innovation and talent. Today, we set the pace in fund and asset servicing and stand out for our unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals.
As a pioneering data and fintech-enabled company, we are a disruptor driving digital tools into fund and asset servicing. However, our vision to drive positive change extends beyond the industry. The Apex Foundation, a not-for-profit entity, is our passionate commitment to empower sustainable change.
What you'll do
- The Hedge Fund Accountant will prepare and validate the NAVs of hedge fund clients, perform reconciliations, and communicate effectively with clients regarding daily reporting. The role also involves reviewing pricing, corporate actions, and supporting audits for funds.
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