Lead fund accounting for closed-ended AIF Category II and GIFT City funds. Oversee NAVs, valuations, fee and waterfall calculations, regulatory compliance (SEBI/IFSCA), client communications, capital activity, audits, process controls, automation initiatives, and manage a fund accounting team to ensure accurate, timely reporting and operational excellence.
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 ResponsibilitiesFund Accounting & NAV Oversight
- Plan, schedule, and manage daily workflows and client deliverables within the team.
- Review and reconcile fund NAVs for AIF Category II funds on a daily, monthly, and quarterly basis.
- Finalize month-end NAVs and prepare Investor Level Allocation Reports.
- Perform and review performance fee calculations, including series accounting and equalization methodologies.
- Review and oversee:
- Daily journal entries
- Management fee calculations
- Investment valuations
- Financial and investor reporting
- Ad-hoc client reporting
- Review portfolio pricing in accordance with IFSCA and SEBI regulations.
- Analyze and resolve pricing exceptions and valuation discrepancies.
- Accrue and amortize non-security-related expenses, including:
- Management fees
- Financing costs
- Other fund expenses
- Ensure compliance with all applicable IFSCA and SEBI guidelines for closed-ended funds.
- Act as a key point of contact for clients.
- Communicate effectively regarding:
- Daily estimates and NAV reporting
- Fund performance reporting
- Operational and accounting queries
- Issue resolution and escalations
- Review and oversee all fund capital activities.
- Support the preparation and review of regulatory filings and reporting requirements.
- Assist in the preparation of audited financial statements and audit-related deliverables.
- Design and implement operational controls to ensure high-quality service delivery.
- Ensure adherence to all service level agreements (SLAs) across daily, weekly, monthly, and quarterly deliverables.
- Develop and maintain process checklists to ensure accuracy, completeness, and timeliness.
- Review and update process documentation regularly.
- Support automation initiatives, work migrations, system conversions, and operational improvement projects.
- Lead and manage the fund accounting team.
- Conduct performance reviews and appraisals.
- Drive employee development, mentoring, and succession planning.
- Foster a culture of continuous improvement and operational excellence.
- 8+ years of experience in Fund Accounting with strong exposure to:
- Alternative Investment Funds (AIF Category II)
- GIFT City Funds
- Closed-ended fund structures
- Strong understanding of valuation methodologies for:
- Equities
- Derivatives
- Debt instruments
- Bonds and debentures
- Unlisted securities
- Thorough knowledge of SEBI and IFSCA valuation guidelines.
- Expertise in:
- Performance fee calculations
- Management fee calculations
- Equalization methodologies
- Waterfall calculations
- CA / CFA / MBA (Finance) / M.Com or equivalent qualification.
- Proficiency in Advanced Microsoft Excel.
- Experience with fund accounting platforms such as:
- EFront
- Allvue
- Paxus
- Experience with General Ledger Accounting systems.
- Strong analytical and problem-solving skills.
- High attention to detail and accuracy.
- Excellent communication and stakeholder management skills.
- Ability to work effectively under tight deadlines.
- Willingness to work additional hours when required.
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.
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