What are the responsibilities and job description for the Account Manager-Fund Accounting position at Apex Group?
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
Key Responsibilities
- Plan, schedule, and manage daily workflows of all client deliverables within the team.
- Review, prepare, and reconcile NAVs for clients (AIF Category II funds) on a daily, monthly, and quarterly basis.
- Finalize month-end NAV and provide Investor-Level Allocation reports; must be well‑versed in performance fee calculation and understand series & equalization accounting.
- Ensure smooth execution of all service delivery activities — including booking daily journal entries, management fee calculations, valuation of investments, preparation of financial/investor reports, and ad-hoc reporting — while maintaining high service quality.
- Review pricing of the portfolio as per IFSCA/SEBI guidelines and analyze any pricing exceptions.
- Accrue/amortize daily or monthly non-security related fee accruals including management fees and financing accruals.
- Communicate effectively with clients for daily reporting, NAV estimates, and query resolution.
- Book and review capital activities of the fund.
- Ensure compliance with IFSCA/SEBI guidelines for close-ended funds.
- Implement and design process controls to deliver high-quality work.
- Ensure SLAs for daily/weekly/monthly/quarterly activities are consistently met.
- Create process checklists to ensure completeness, accuracy, and timeliness.
- Review and update critical process documentation regularly.
- Provide support in preparing, reviewing, and assisting with regulatory requirements as per IFSCA guidelines.
- Support audits of funds, including preparation of financial statements.
- Support operations in projects related to automation, work migrations, conversions, etc.
Skills Required
- 10 years of experience with strong knowledge of Alternative Investment Funds (Category II) and GIFT City funds.
- Strong understanding of valuation across asset classes: equity, derivatives, debt, bonds, debentures, and unlisted securities as per SEBI/IFSCA guidelines.
- Proficiency in performance/management fee calculations, equalization, and waterfall model computations.
- Educational qualification: M.Com / CA / MBA–Finance / CFA.
- Experience with systems such as Efront, Allvue, or Paxus is a major advantage.
- Strong general ledger accounting knowledge with high attention to detail, analytical ability, and problem‑solving skills.
- Advanced proficiency in Excel.
- Excellent communication and interpersonal skills; role requires direct client interaction.
- Ability to work additional hours when required.
- Experience in team management, performance appraisal, and people development.
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.
Benefits:
Vacation & Paid Time Off