Senior Fund Accountant

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

ob Description

Key duties and responsibilities

• Responsible to review/prepare the NAVs of the hedge fund clients on a daily/Monthly basis.

• Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks. If breaks are due to an erroneous or missing transaction in Accounting system, then make necessary adjustments

• Reviewing pricing of the portfolio 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.

• Handle migration of funds from onshore location independently and ensure SLA targets are met.

• Effective communication with clients on daily reporting of Estimates/NAVs/Query resolutions.

• Understand and complete ad hoc requests from clients.

• Checking that all OTC products traded by the client have been booked correctly.

• Booking of Capital Activities of the fund.

• Finalizing the month end NAV of the client and providing Investor Level Allocation reports at month-end.

• Providing support in Audits for funds in the preparation on financial statements. Complete audit reviews and ensure identified issues are documented and tracked to closure.

• Support operations on projects related to Automations/Work migrations/Conversions etc.

• Identify and implement process improvement techniques to improve the process efficiency and team productivity.

• 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.

Skills Required

• Experience working with an investment management or finance-related firm.

• Around 4+ years of accounting working experience in Fund industry

• ACCA qualified or partly qualified or any equivalent qualification

• Familiarity with Paxus is a major plus.

• An ability to think critically and objectively.

• 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 and Microsoft Office applications.

• Excellent communication and inter-personal skills.

• Work additional hours as needed.

• Team management

• Performance appraisal

• People growth and 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.