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Assistant Manager - Private Equity Fund Accounting

Apex Group Ltd

Apex Group Ltd

Accounting & Finance
Johannesburg, South Africa
Posted on Wednesday, July 3, 2024


We are seeking an Assistant Manager (AM) to be the team leader of a Private Equity Fund Accounting Team, reporting to either a local or offshore Manager. The team will be based in the Johannesburg Global Service Centre (GSC). The AM will be responsible for managing the day-to-day operations of the team and assist his/her manager in delivering terms of the Group’s target operating model and ensuring a proper control environment so as to be able to deliver quality and timely outputs to CSLs offices.

The team as a whole will be responsible for the processing of accounting information from booking stage to the final NAV stages, the preparation of yearly financials as well as the drafting and review of capital calls and distribution notices and CAS. There may also be a requirement to be the point of contact of clients on all accounting-related tasks.

be responsible for is responsible for overseeing the completion of accounting activities and resultant NAV calculation for a portfolio of Private Equity funds. This includes completing first level checks and reviews required for all accounting related tasks, as well as some investor communication and reporting tasks. They will be required to support and report to the Client Sending Location (CSL) office.

Key responsibilities

  • Managing the day-to-day activities of the team in line with internal and external SLA timeframes;
  • Interacting with relevant internal and external stakeholders as required;
  • Reviewing, understanding and discussing fund governing documents with staff and clients;
  • Responsible for overseeing the completion of accounting activities and resultant NAV calculation for a portfolio of Private Equity funds;
  • Completing full first level checks and reviews of NAV and related calculations, yearly financials, quarterly / monthly management accounts, capital calls and distribution calculations and notices and Capital Account Statements;
  • Responding to investor, client and internal enquiries and assisting with the processing of investor requests;
  • Ensuring that all aspects of operations and controls are executed on team;
  • Adhering to Investor Services procedures and policies in line with regulations globally and Apex’s group policy;
  • Providing periodic reports and feedback to senior management;
  • Manage, mentor and develop team members, acting as the subject matter expert for private equity accounting; and
  • Participation in ad hoc projects in addition of day-to-day duties including working as part of a larger global team in the case of outsourced activities.

Skills / experience

  • A background in a fund accounting team (5) years will be advantageous, with an understanding of Private Equity Fund structures, fund administration business and Working Private Equity Fund Administration systems.
  • Up to date accounting standards and fund industry knowledge.
  • Teamwork and management experience, including the ability to self-motivate as well as guide and motivate a growing team.
  • Strong multi-tasking skills and the ability to adapt quickly to challenging and changing priorities.
  • Strong planning and organisational skills.
  • Effective time management and the ability to work to tight deadlines.
  • Strong communication (verbal and written) and problem-solving skills including the ability to identify and act on opportunities for process improvements.
  • Ability to escalate where appropriate.
  • Excellent interpersonal skills to develop working relationships with colleagues at various levels, clients, and other stakeholders.
  • Display high levels of accuracy and attention to detail.
  • Ability to take and give constructive feedback.
  • Strong excel knowledge.
  • BCom Honours in Accounting with a CA(SA) or other relevant professional qualification.