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Assistant Vice President - Real Assets Fund Accounting

Apex Group Ltd

Apex Group Ltd

Accounting & Finance
Bengaluru, Karnataka, India
Posted on Wednesday, July 3, 2024


Associate Real Estate Fund Accounting

Bangalore - India

The successful candidate will join the Fund Services team as a Senior Associate and will be closely working with Clients and Client Service Managers based in Asia/UK/US region in connection with the performance of duties related to the administration of Real Estate Funds. Candidate should have 0-4 years of relevant experience in the Real Estate Fund Accounting and NAV calculations. Candidate preferred to have Yardi experience and should have relevant experience in Property Accounting, Client relationship management, Preparing Financials and other Client reporting.


The position reports to AVP – RE Fund Accounting

About Apex

The Apex Group is a global financial services provider with 3,500 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

  • Performs Fund Accounting/Property Accounting related activities of Real Estate Funds/Properties.
  • Performs Net Assets Value calculations and Financials of the Real Estate Funds / Properties for verity of client needs as well as different fund structures.
  • Perform Management Accounts and various client reporting that include booking journal entries/accruals/adjustments and various fund level fee calculations.
  • Perform and sign off Interim/Annual NAV packs/Financials for Real Estate Funds/Properties including the consolidated accounts/financials for SPVs and Properties.
  • Perform Fund/Property/Lease set-up, Accounts Payable and Accounts Receivable related activities in accounting platform (Yardi).
  • Verifies complex fund transactions, audit comments within scheduled timeframes and resolves exceptions on a timely basis.
  • Ensure that you comply with all controls, checklists and general company policies.
  • Collection/verification of relevant information for Fund/Property/Lease set-up and to facilitate the Net Assets Value calculation and preparation of NAV pack.
  • Prepare Cash/Position/Market Value/Inter-company Reconciliations.
  • Ensure all scheduled work is completed by agreed deadlines and flag any service delivery issues to Management as early as possible.
  • Identify and implement process improvement techniques to improve the process efficiency and team productivity.
  • Support in migration of Real Estate Funds from onshore location independently and ensure SLA targets are met.
  • Support conversion of Real Estate Funds from other accounting applications to Yardi.
  • Managing the client relationships for the Funds and individually handle the deliverable requirements on daily/weekly/monthly/Quarterly basis.
  • Liaising with Onshore team, clients and Auditors on various requirements and ensure all supports are provided to the auditors to get the financials approved on the agreed timeline.
  • Support operations on projects related to Automations / Work migrations / Conversions etc.

Skills Required

  • Experience working in Fund Accounting, Property Accounting, NAV calculation and Financial Statement preparation of Real Estate Funds.
  • Experience in Transition of Real Estate Funds from onshore locations.
  • Worked on on-boarding new clients and develop reporting templates for the clients
  • Good Experience in handling the client relationships and should be good in written and oral communication.
  • Good conceptual knowledge in accounting principles and financial statement preparation.
  • Experience in handling audit requirements and ad hoc client requirements in Real Estate Fund accounting.
  • Good experience working on Yardi Voyager, MS Office and Macro enabled workbooks.
Relevant Experience – 0-4 years of experience preferably into Real Estate Fund Accounting and Property Accounting.Post graduate in Commerce, MBA Finance, CA/CMA/CFA

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 experiences.

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.

For more information on our commitment to Corporate Social Responsibility (CSR)) please visit https://theapexgroup.com/csr-policy/