Open Ended Hedge Fund Accountant, VP

Apex Group Ltd (UK Branch); Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A global financial services provider is seeking an Associate Vice President/Account Manager in Dubai. This role manages client deliverables in the Fund Administration department, requiring 7-9 years of experience. Key responsibilities include NAV computation, client relationship management, and regulatory compliance. The candidate will also collaborate with internal teams and ensure timely reporting to clients. A strong background in fund accounting and leadership skills are essential.

Benefits

Opportunities for personal and professional development

Part of an expanding global business

Qualifications

• 7-9 years’ experience in a similar role.
• Understanding of US GAAP & IFRS reporting standards.
• Knowledge of investor KYC and AML requirements.

Responsibilities

• Assist in the NAV preparation and review process.
• Manage daily workflows of client deliverables.
• Coordinate with support centers of Apex as required.

Skills

Management of client deliverables

Strong PC skills including Word and Excel

Leadership skills

Organizational skills

Problem-solving skills

Knowledge of financial securities

Ability to work under pressure

Education

M.com/MBA in Finance or CFA

Accountancy qualification (ACCA, CA)

Tools

PFS Paxus

Advanced Excel Functions

Job description

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

Associate Vice President (AVP)/ Account Manager- Fund Accounting Segment:

Location: Open Ended Hedge Fund Accounting Dubai, United Arab Emirates

About Apex

The Apex Group is a global financial services provider with 13,000 staff across 110+ offices globally. We look to recruit bright, articulate and numerate personnel who are unafraid of a challenge and are prepared to work hard and love what they do.

We provide an internal training and evaluation programme that will ensure you are equipped with the right experience and qualities to work with Apex's clients.

Life at Apex isn't just about the work you do, it's about embracing the culture and loving what you do. Every employee plays a part in making Apex who we are today and the more that we grow, the more important that becomes.

Whatever your career path or specialism Apex ensures it rewards loyal and dedicated employees. The international nature of our business and global network of offices means that there are opportunities to broaden your life experiences and take both short-term and permanent relocation options.

The Role:

We are currently looking for Associate Vice President (Account Manager) to support our growing operations in the Fund Administration department. This role requires excellent management of client deliverables.

Responsible for working along with a growing a team of Account Managers, Senior Fund Accountants, Fund accountants involved in the areas of NAV calculation, Shareholder Reporting and Compliance from Dubai office, Apex Global Support Centers or any other Apex location.

The Account Manager/ AVP will be primarily responsible for the planning, scheduling and the daily workflows of all client deliverables such as NAV computation, Transfer Agency or Audit. To actively collaborate with the extended team at Global Support Centers.

The candidate will also be heavily involved in the implementation of the take-on process of new clients, which will involve review of PPMs, various agreements, setting up of NAV reporting packages suitable to the client’s requirements, set up on PFS Paxus (and/ or any other system) and initial NAV calculations.

All work carried out will require detailed reviews for correctness and adherence to Apex policies and procedures. To become conversant with PFS Paxus software (or any other software, as required). To maintain the client relationship, take responsibility for co- ordination of regulatory reporting, audit preparation, and due diligence requirements. To prepare and/or review MIS reporting required by Senior Management or Apex Group.

Job Responsibilities:

• Assist in the NAV preparation and review process for our Hedge Fund clients including management of the entire process
• Timely delivery of any other client specific reporting requirements
• Planning, scheduling and managing the daily workflows of all client deliverables within the team
• Reconciliation of investment portfolios, dividends and interest, corporate actions, and investor capital activity
• Good understanding of various types of Performance fee calculation, equalization, Management fee calculations.
• Effective coordination with various support centers of Apex whenever required.
• Responsible for accruing/amortizing daily or monthly non-security related Fee accruals including management fees, performance fees and financing accruals
• Assist in the preparation and review of subscription, redemption pack and ensuring timely communication with investors of the funds
• Assist in the preparation and review of financial statements & liaising with auditor as required and managing the entire audit process
• To ensure timely and accurate preparation of distribution calculations, tax statements and liaising with the tax advisor of the fund
• Monitoring and review of the payments to be initiated for the client
• Ensuring client enquiries are answered in accordance with Apex service standards on an ongoing basis
• Ensuring compliance with regulatory requirements and other requirements of the funds specifications
• Ongoing Implementation and refinement of SSAE 18 controls along with coordination with internal auditors and external SSAE auditors Additional Responsibilities:
• Actively cross selling our suite of services to our client base
• Assisting in the development of new & existing global client relationships, optimizing service offerings, productivity and profitability
• Ensuring adherence to documented procedures and policies
• Work on the integration of large fund administration mandates • Working on ad hoc internal and global projects (as required)
• First point of contact for internal and external audit, tax returns and compliance queries
• Facilitate the flow of information between Senior Management and Operations team on a timely basis

Skills Required:

• 7-9 years’ experience in a similar role incorporating the above functions
• An ability to work to and meet agreed deadlines
• Understanding of US GAAP & IFRS reporting standard for various fund structures
• An understanding of complex fund structures and fund accounting to act as subject matter expert
• Strong PC skills including Word, Excel and Macros in Excel (Experience on Paxus an advantage)
• M.com/MBA – Finance/CFA
• An accountancy qualification (such as ACCA, CA) is an advantage
• Knowledge and in-depth understanding of various types of financial securities such as Equity, Bonds, Futures, Options, Sukuks, CDS, CFDs etc. and their accounting treatment.
• A high degree of commercial awareness and client service focus
• Prior experience of working in the industry.
• Strong leadership skills and supervisory experience of other professionals • Excellent organizational and communication skills and the ability to work on own initiative consistently producing accurate and timely work.
• Good interpersonal skills to develop working relationships with colleagues, clients, other functions and professional intermediaries.
• Demonstrated ability to automate processes
• Knowledge of investor KYC and AML requirements
• Familiarity with Paxus is a major plus.
• An ability to think critically and objectively.
• Multi-tasking and problem-solving skills.
• Proficiency in advanced Excel functions is a plus
• Work additional hours as needed.
• Has ability to work under pressure and meet tight deadlines.
• Organised, accurate and willing to learn and take on new tasks.

What you will get in return:

• A genuinely unique opportunity to be part of an expanding large global business
• Opportunities for personal and professional development

Additional information:

We are an equal opportunity employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnicity, age, sexual orientation, socio-economic.

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.