Account Manager

Apex; Abu Dhabi; On-site; AED 535,680 - 669,600; Full time

Job summary

Apex in Abu Dhabi is looking for a skilled professional with 7-10 years of experience in hedge fund accounting, including team leadership. The successful candidate will ensure the accuracy of the hedge fund's records and compliance with industry standards.

Key responsibilities include providing technical support, developing a team, and performing risk assessments. A degree in Accounting/Finance and strong leadership skills are required. Join Apex to be part of a dynamic team within a growing environment.

Qualifications

• 7-10 years of experience in hedge fund accounting, including team leadership and NAV review.

Responsibilities

• Provide technical support to ensure hedge fund's books and records meet standards.
• Perform risk assessments for client base and growth support.
• Develop and manage a team of fund accountants.
• Assist in developing controls and procedures for fund accounting.

Skills

Technical fund accounting

Client management

Auditor management

People leadership

Education

Degree in Accounting/Finance

ACCA or ACA

Job description

Responsibilities

• Provide technical support to the Fund Accounting team to ensure all aspects of the hedge fund’s books and records are accurate and meet industry and regulatory standards.
• Perform risk assessment to ensure resourcing for the support of both the current client base and potential future growth is adequate.
• Assess knowledge and skill set of the team to set coverage ensuring that there is a match of technical and client knowledge.
• Act as a partner to the client to develop their business in a controlled way and meet all industry and regulatory requirements.
• Develop and manage a team of fund accountants, including knowledge development, performance review and control.
• Assist in developing the controls and procedures of the fund accounting group.
• Provide accounting solutions to hedge funds for independent valuation, investor transparency and regulatory compliance.
• Review calculation of daily Net Asset Values (NAVs).
• Review accounting functions including P&L analysis, daily cash projections, calculations of FX transfers required for funding, and checking client contributions and redemptions.
• Verify performance by reviewing large P&L swings and analysing income‑expense journals for validity.
• Adjust activity as necessary for performance processing and reporting.
• Perform and review position and value reconciliations, identifying and resolving all breaks.
• Review and reconcile general ledger exceptions.
• Ensure accuracy of non‑security related income and expenditure.
• Account for non‑standard transactions including OTC derivatives.
• Ensure corporate actions are accounted for accurately.
• Perform month‑end control processes, producing a month‑end control pack and signing off, including review of control packs prepared by members of the team.
• Review investor‑level allocations of income and expenses.
• Develop relationships with auditors for the preparation of year‑end financial statements and provision of data to auditors.
• Identify and implement process changes to enhance efficiency.

Requirements

• Experience: 7–10 years in hedge fund accounting, including team leadership and NAV review.
• Qualifications: Degree in Accounting/Finance; ACCA or ACA preferred.
• Skills: Strong technical fund accounting, controls, client and auditor management, and people leadership.