Assistant Vice President

Apex Group; India; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Apex Group is seeking a senior Loan Services Specialist to join our India-based operations. You will manage asset administration, cash/position reconciliations and support reporting, leveraging strong organisation, communication and attention to detail.

Candidates should have accounting/finance background, deep knowledge of credit funds, loan lifecycles and familiarity with settlement processes. Proficiency in Microsoft Office and related software is essential, with experience in Solvas

Qualifications

• Degree in Accounting/Finance, or a relevant qualification.
• 10+ years’ experience working in Loan Services.
• Extensive knowledge of Credit funds, Reconciliation.
• Understanding of various security types – Private Debt, Syndicated Loans, Bi-Lateral Loans.
• Knowledge and experience with settlements including Clearpar.
• Computer proficiency with advanced knowledge of Microsoft Office Suite, familiarity with Solvas (CDO-Suite) preferred.

Responsibilities

• Asset administration: coordinating a variety of administrative duties including Asset setup, Asset Maintenance and reconciliation; liaising with 3rd party brokers/custodians/agents; processing notices; processing corporate actions; entering and settling trades; preparing reports.
• Cash/Position Reconciliation: daily reconciliation of cash transactions; reconciling Apex/Client positions; addressing breaks; processing data in systems; researching discrepancies; ensuring timely reporting.
• Other Responsibilities: prepare procedural documents; daily/monthly KPI/MIS reporting; support in business improvements; identify efficiency gains.

Skills

Loan Services

Asset admin

Reconciliation

Communication

Education

Degree in Accounting/Finance

Tools

Solvas (CDO-Suite)

Microsoft Office

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.

Candidate

The candidate will have a good working knowledge and experience working with CLOs, CDOs, Credit Funds and the different types of Loans. They will be driven and motivated to achieve excellence through hard work, good organisation skills, excellent communication and attention to detail.

Main Responsibilities

• Asset administration: Responsibilities include, but are not limited to performing and coordinating a variety of administrative duties and tasks including Asset setup Asset Maintenance and reconciliation Liaising with 3rd party brokers/custodians/agents Processing agent notices Processing corporate actions Entering and settling trades as required Preparing and assisting with various reports required by internal teams Other duties assigned by Management
• Cash/Position Reconciliation: Responsibilities include, but are not limited to performing and coordinating a variety of reconciliation duties and tasks including Preparing daily reconciliation of cash transactions Preparing daily reconciliation of Apex/Client positions Ensuring aged breaks ( over 7 days ) are addressed and escalated Processing and reconciling data in various systems Actively researching discrepancies with various agents and internal teams Preparing and ensuring all Reporting is issued within the required timeframes Preparing and assisting with various reports required by internal teams Other duties assigned by Management
• Other Responsibilities include, but are not limited to performing and coordinating a variety of reconciliation duties and tasks including Preparing & Review procedural documents Preparing daily/Monthly KPI / MIS reporting pack Support in Business enhancements and development Raising areas where operational efficiency can be improved Other duties as assigned by Management

Qualifications, Skills and Experience

• Degree in Accounting/Finance, or a relevant qualification
• Candidate should have 10+ years’ experience working in Loan Services
• Extensive knowledge of Credit funds, Reconciliation
• Understanding or knowledge of various security types – Private Debt, Syndicated Loans, Bi-Lateral Loans, Understanding of trade lifecycle
• Knowledge and experience with settlements including Clearpar Knowledge and understanding of securities and other financial instruments
• Computer proficiency with advanced knowledge of Microsoft Office Suite, familiarity with Solvas (CDO-Suite) preferred

About Apex Group

We are dedicated to driving positive change in financial services while fuelling the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the asset serving industry through our investment in innovation and talent. Today, we set the pace in asset servicing and stand out for our unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals. We’re a people-powered business, and our people are full of ambition. Together, we’re inspired to lead the new era of data and tech enabled service. Bringing new products and services to market. Sharpening our client focus. Disrupting the market to exceed expectations. Innovating across a range of specialisms. With our focus on making a difference to our people, our planet and our society, you’ll experience more here than you would at most other companies. Prepare to accelerate. We’re a people-powered business with a vision to inspire a new era of service-led FinTech. We’re expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We’ll make sure the time and effort you put in takes you further, faster. Positive change starts with you. We’re a people-powered business with a vision to inspire a new era of service-led FinTech. We’re expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We’ll make sure the time and effort you put in takes you further, faster. The journey is yours to own. When you stretch yourself, you grow. We want you to explore ways of working that will see you thrive as part of something bigger. We’ll help you with a solid structure, challenging projects, vibrant networks, supportive colleagues and approachable leaders. All the things you need to own your unique journey.