Supervisor - Fund Accounting

The Apex Group was established in Bermuda in 2003 and is now one of the worlds 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.

Thats 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 well 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

Supervisor - Hedge Fund Accounting

Gandhinagar (Gift City) India

Shift Timings- Based On Business Requirements

The successful candidate will join the Fund Services team as an Assistant Vice President Fund Accounting and will be closely working with Client Service Managers in connection with the performance of duties related to the administration of Alternative Investment Category III Funds (AIF) registered with IFSCA. Candidate should have around 9 plus years of relevant experience in the Administration of AIFs and corresponding Accounting, valuations & NAV calculations as per SEBI & IFSCA guidelines. Good understanding of performance fee calculation based on series & equalization accounting.

Reporting

The position reports to VP Hedge Fund Accounting

About Apex

The Apex Group is a global financial services provider with 10,000 staff across 50 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

• Planning, scheduling, and managing the daily workflows of all client deliverables within the team.
• Responsible to review/prepare of the NAVs for the client for AIF Cat III funds on daily/Monthly basis.
• Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks. If breaks are due to an erroneous or missing transaction in the Accounting system, then make necessary adjustments.
• Reviewing pricing of the portfolio as per the IFSCA/SEBI guidelines 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.
• Booking of Capital Activities of the fund.
• Finalizing the month end NAV of the client and providing Investor Level Allocation reports at month-end & well versed with performance fee calculation & should understand series & equalization accounting.
• Providing support in preparing/ reviewing/ assisting in completing the funds with regulatory requirements per IFSCA guidelines.
• Providing support in Audits for funds in the preparation of financial statements.
• Support operations on projects related to Automations/Work migrations/Conversions etc.
• Support global changes in Key operating procedures and implementation.
• Coordinating with Internal/External Stakeholders such as Securities/Trades and Pricing Team, Reporting Team, Investor Services team, Auditors, Client Service Managers and Clients.
• Effectively monitoring deliverables to ensure high SLA compliance within set accuracy standards.
  
  

Skills Required

• Experience & good knowledge working in Alternative Investment Funds (Category III) & Domestic mutual funds.
• Well versed with valuation of various asset classes such as equity, derivative, debt, bonds, debentures & unlisted securities as per SEBI/IFSCA guidelines.
• Good understanding of performance fee calculation/series based accounting & Equalization.
• Educational background M.com/CA/MBA Finance/CFA.
• Familiarity with Paxus is a major plus.
• Experience with general ledger accounting and, with demonstrated attention to detail and accuracy, analytical, technical, organizational, and problem-solving skills.
• Proficiency in advanced Excel functions.
• Excellent communication and inter-personal skills as the role includes direct client communication.
• Work additional hours as needed.
• Team management, Performance appraisal & People growth and development.
  
  

What You Will Get In Return

• A genuinely unique opportunity to be part of an expanding large global business.
• Exposure to all aspects of the business, cross-jurisdiction and to working with senior management directly.
  
  

Additional Information

We are an equal opportunity employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnicity, age, sexual orientation, socio-economic, responsibilities for dependants, physical or mental disability. Any hiring decision are made on the basis of skills, qualifications and experience.

We measure our success as a business, not only by delivering great products and services and continually increasing our assets under administration and market share, but also by how we positively impact people, society and the planet.

Locations - Gift City, Hiranandani Signature, India