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 duties and responsibilities
- Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks. If any breaks are due to an erroneous or missing transaction in accounting system, then make necessary adjustments.
- Researching, following up and clearing outstanding items within deadlines
- Submitting information for adjusting entries via email to the processing departments
- Identifying missing and / or inaccurate information in vendor database
- Review and clearing daily / Monthly cash and positions and provide sign off to client.
- Ensuring that a company’s financial balances match with the figures in its account ledgers
- Examining the company’s accounting records, reviewing them with banking documentation, and reporting any discrepancies in the reports
- 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
- Independently price the Investment positions on a daily & monthly basis.
- Responsible for accruing/amortizing daily or monthly non-security related Fee accruals
- Review the PNL before delivering the report to client.
- Process non-automated transactions including OTC derivatives and their related cash movements.
- Effective communication with clients on daily reporting of Reconciliation/Query resolutions.
- Checking that all OTC products traded by the client have been booked correctly.
- 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, Client Service Managers and Clients.
- Ensure to get cross trained within process and transfer the Knowledge between the team.
Skills Required
- Experience working with an investment management or finance-related firm.
- Good knowledge of the investment industry with 5+ Years in Hedge/Mutual Fund administration or related industry experience.
- Familiarity with Calypso/Paxus/ Enfusion will be an added advantage.
- An ability to think critically and objectively.
- Experience in Hedge Fund accounting, booking accruals, tying back P&L, Balance sheet will be an added advantage
- Experience with reconciliation and break resolution 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.
- Work additional hours as needed.
Qualification and Experience:
- Graduate / Postgraduate in Commerce, MBA Finance, CA/CMA/CFA
- Minimum 5 years of Hedge/Mutual Fund reconciliation and break resolution experience.
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.
