Apex Group India | Senior Fund Accountant - Closed Ended

Key responsibilities

• Plan, schedule, and manage daily workflows of all client deliverables within the team.
• Review, prepare, and reconcile NAVs for AIF Category II funds on a daily, monthly, and quarterly basis.
• Ensure smooth execution of all service delivery activities including journal entries, management fee calculations, investment valuations, financial/investor reporting, and ad hoc reporting.
• Review and analyze portfolio pricing in line with IFSCA/SEBI guidelines, addressing pricing exceptions where applicable.
• Communicate effectively with clients regarding daily reporting of estimates, NAVs, and query resolutions.
• Book and review capital activities of the fund.
• Ensure compliance with IFSCA/SEBI guidelines for close-ended funds.
• Create and maintain checklists to ensure completeness, accuracy, and timeliness of processes.
• Support preparation, review, and completion of regulatory requirements per IFSCA guidelines.
• Assist in audits and preparation of financial statements for funds.
• Contribute to operational projects including automation, work migrations, and conversions.
• Lead and manage team performance, appraisals, and professional development.
• Accrue/amortize daily or monthly non-security related fee accruals including management fees and financing accruals.

Skills & qualifications

• Strong experience and knowledge in Alternative Investment Funds (Category II) and GIFT funds.
• Expertise in valuation of multiple asset classes including equity, derivatives, debt, bonds, debentures, and unlisted securities as per SEBI/IFSCA guidelines.
• Solid understanding of performance fee and management fee calculations, equalization, and waterfall model accounting.
• Familiarity with fund accounting systems such as Efront, Allvue, or Paxus (preferred).
• Experience in general ledger accounting with demonstrated attention to detail, accuracy, and analytical skills.
• Proficiency in advanced Excel functions.
• Excellent communication and interpersonal skills with direct client interaction experience.
• Ability to work extended hours when required.
• Strong leadership skills with a focus on team management, performance appraisal, and people development.

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)