Apex Group India | Specialist - Middle Office

Key duties and responsibilities

• Independently price the Investment positions on a daily & monthly basis.
• Prepare Cash/Position/Market Value Reconciliations and resolving breaks.
• Researching, following up and clearing outstanding items within deadlines.
• 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.
• Reviewing the corporate actions booked in the system and ensuring that the same is correctly reflected in the books.
• Responsible for accruing/amortizing daily or monthly non-security related Fee accruals.
• Review the PNL before delivering the report to client.
• 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.
• Submitting information for adjusting entries via email to the processing departments
• Examining the company’s accounting records, reviewing them with banking documentation, and reporting any discrepancies in the reports
• Process non-automated transactions including OTC derivatives and their related cash movements.

Requirements

• Effective communication with clients on daily reporting of Reconciliation/Query resolutions.
• 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.
• Proficiency in advanced Excel functions.
• Excellent communication and inter-personal skills.
• Experience:Graduate / Postgraduate in Commerce, MBA Finance, CA/CMA/CFAMinimum 5 years of Hedge/Mutual Fund reconciliation and break resolution experience.

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)