Supervisor - Fund Accounting
Supervisor - Fund Accounting
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Job Description
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 crossjurisdictional services. With our clients at the heart of everything we do our hardworking team has successfully delivered on an unprecedented growth and transformation journey and we are now represented by over circa 13000 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 industrychanging 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 10000 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 nonsecurity related Fee
accruals including management fees and financing accruals.
Process nonautomated 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 monthend & 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/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 interpersonal 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 crossjurisdiction and to working with
senior management directly
For more information on our commitment to Corporate Social Responsibility (CSR) please visit https://apexgroup
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.
Required Experience:
Manager
Employment Type
Full-Time
