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

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 AIF’s 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 break are due to an erroneous or missing

transaction in 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 on 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 Stake holders 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

• 8+ years’ 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

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

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.