Apex Group India | Fund Accountant - Private Equity / Real Asset Fund Accounting

Key responsibilities

• We are seeking professionals with strong fund accounting expertise to manage Private Equity, Real Assets, and Hybrid Funds.
• The role involves end-to-end fund accounting, financial reporting, NAV preparation, investor reporting, audit support, client management, and process improvement initiatives.
• Perform fund accounting activities for Private Equity and Hybrid Funds, including journal entries, NAV calculations, financial statement preparation, investor reporting, and payment processing.
• Prepare monthly, quarterly, and annual financial reports in accordance with client requirements.
• Manage day-to-day client relationships and ensure timely delivery of all agreed deliverables.
• Coordinate with onshore teams, clients, auditors, and other stakeholders to support audit and reporting requirements.
• Develop and customize reports within Investran to meet client-specific requirements.
• Handle multiple fund structures and client relationships simultaneously.
• Manage fund-related banking transactions and wire payments.
• Prepare cash, position, and market value reconciliations and investigate outstanding breaks.
• Review portfolio pricing and analyze pricing exceptions.
• Calculate and maintain management fee, financing fee, and other non-security-related accruals.
• Communicate with clients regarding NAVs, reporting requirements, estimates, and query resolutions.
• Ensure OTC transactions are accurately recorded and reconciled.
• Book and review fund capital activities.
• Support statutory audits and preparation of financial statements.
• Participate in process improvement, automation, migration, and conversion projects.
• Take the lead and we’ll give you the support you need to be at the top of your game.
• Process capital calls, distributions, and other investor transactions.

Requirements

• Strong knowledge of accounting principles and financial statement preparation.
• Understanding of Private Equity, Real Estate, Real Assets, Hybrid Funds, and Alternative Investments.
• Knowledge of fund structures, capital activity, NAV calculation, and investor allocations.
• Ability to interpret fund documents, partnership agreements, and legal agreements.
• Experience with Investran or similar fund accounting platforms is preferred.
• Strong analytical, problem-solving, and reconciliation skills.
• Excellent communication and stakeholder management abilities.
• Proven experience managing end-to-end fund accounting, financial reporting, and client relationships.
• Exposure to fund launches, migrations, and transitions.
• Ability to manage multiple deadlines in a fast-paced environment.
• Experience working with global stakeholders and auditors.
• 4-10 years of relevant experience in Private Equity or Real Asset Fund Accounting.
• Strong client servicing mindset.

Apex Group

Set up in 2003 with its first office in Bermuda, Apex Group was founded by Peter Hughes and works for allocators, asset managers, family offices, corporates and financial institutions. Its services include fund administration and middle office work, transfer agency, depositary and custody, corporate and management company services, banking, regulatory and compliance support, and ESG services through its Holtara business. The group's India operation was founded in 2008 and has grown to offices in Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Navi Mumbai, Pune and Gandhinagar. In 2021 Apex became one of the first global fund administrators approved to operate in GIFT City, where it now has an office.

Much of Apex's finance work in India is fund accounting for hedge funds, closed-ended funds, private equity and real asset funds, with roles from fund accountant up to supervisor and senior account manager. Other finance roles cover financial reporting from associate to vice president (including Workiva implementation), middle office, corporate accounting, global payments, tax, regulatory services and transfer agency. Postings usually ask for a B.Com, M.Com or MBA (Finance), and many name CA, CMA, CFA, CPA or ACCA; some roles are open to CA or CMA freshers.

• Industry: Financial services for funds and asset managers: fund administration, middle office, transfer agency, depositary, corporate and banking services
• Headquarters: Apex Group Ltd; founded in 2003 in Bermuda, where it opened its first office
• In India: India operation since 2008, with offices in Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Navi Mumbai, Pune and Gandhinagar (including GIFT City)