Assistant Vice President

Apex Group; Mumbai, Gandhinagar; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

Apex Group is seeking an experienced Fund Accounting professional in Mumbai to lead NAV production for AIF Category III and domestic mutual funds. You will manage daily workflows, ensure regulatory adherence, and drive client servicing and operational excellence.

The role requires strong expertise in valuation methodologies, fee calculations, and GL accounting, with leadership responsibilities across a global team.

Qualifications

• 8+ years of experience in Fund Accounting with exposure to AIF Category III and Domestic Mutual Funds.
• Valuation methodologies for equities, derivatives, debt instruments, bonds, debentures and unlisted securities.
• Strong knowledge of SEBI and IFSCA regulations and valuation guidelines.

Responsibilities

• Plan, schedule, and manage daily workflows and client deliverables within the Fund Accounting team.
• Review NAV calculations for AIF Category III funds and mutual funds.
• Perform reconciliations (Cash, Position, Market Value) and resolve breaks.
• Liaise with clients and Client Service Managers on reconciliation breaks and resolution.
• Review portfolio pricing per SEBI/IFSCA guidelines and analyze pricing exceptions.
• Oversee corporate actions processing and ensure correct accounting treatment.
• Perform and reconcile dividend and interest payments with broker/custodian reports.
• Accrue and amortize management fees and other expenses.
• Process non-standard transactions including OTC derivatives and cash movements.
• Be the primary client contact for daily reporting, NAV delivery and inquiries.
• Book and monitor fund capital activity and month-end NAVs.

Skills

Fund Accounting

AIF Category III

Domestic Mutual Funds

Valuation Methodologies

SEBI/IFSCA Regulations

Performance Fee Calculations

Series Accounting

Equalization Accounting

GL Accounting

Excel Proficiency

Client Interaction

Education

CA

CFA

MBA (Finance)

M.Com

Tools

Paxus

Job description

We are seeking an experienced Fund Accounting professional with strong expertise in Alternative Investment Funds (Category III) and Domestic Mutual Funds. The successful candidate will be responsible for managing fund accounting operations, overseeing NAV production, ensuring regulatory compliance, leading client servicing activities, and driving operational excellence across the team.

Key Responsibilities

• Plan, schedule, and manage daily workflows and client deliverables within the Fund Accounting team.
• Review and/or prepare daily and monthly NAV calculations for AIF Category III funds.
• Perform Cash, Position, and Market Value reconciliations and investigate/resolution of breaks.
• Liaise with clients and Client Service Managers regarding reconciliation breaks and ensure timely resolution.
• Review portfolio pricing in accordance with SEBI and IFSCA valuation guidelines and analyze pricing exceptions.
• Review corporate actions processing and ensure accurate accounting treatment in fund books.
• Perform dividend and interest reconciliations against broker and custodian reports.
• Accrue and amortize management fees, financing charges, and other non-security-related expenses.
• Process non-standard transactions, including OTC derivatives and associated cash movements.
• Act as a key point of contact for clients, supporting daily reporting, NAV delivery, and query resolution.
• Book and monitor fund capital activity transactions.
• Finalize month-end NAVs and prepare investor allocation reports.
• Perform and review performance fee calculations, including Series Accounting and Equalization methodologies.
• Support fund regulatory reporting and compliance activities in line with IFSCA guidelines.
• Assist auditors and stakeholders during fund audits and financial statement preparation.
• Participate in automation initiatives, process improvements, work migrations, and system conversions.
• Support implementation of global operational changes and standard operating procedures.
• Coordinate with internal and external stakeholders, including Trading, Securities, Pricing, Reporting, Investor Services, Auditors, Client Service Managers, and Clients.
• Monitor team deliverables to ensure SLA compliance and high-quality standards.
• Lead, mentor, and develop team members, including performance management and career development activities.

Required Skills & Experience

• 8+ years of experience in Fund Accounting with strong exposure to Alternative Investment Funds (Category III) and Domestic Mutual Funds.
• Comprehensive understanding of valuation methodologies for:
• Equities
• Derivatives
• Debt Instruments
• Bonds
• Debentures
• Unlisted Securities
• Strong knowledge of SEBI and IFSCA regulations and valuation guidelines.
• Hands‑on experience in Performance Fee Calculations, Series Accounting, and Equalization Accounting.
• Educational qualification such as:
• CA
• CFA
• MBA (Finance)
• M.Com
• Experience with Paxus will be a significant advantage.
• Strong understanding of General Ledger Accounting and Fund Accounting principles.
• Advanced Microsoft Excel proficiency.
• Exceptional analytical, problem-solving, and organizational skills.
• Excellent written and verbal communication skills with direct client interaction experience.
• Ability to manage multiple priorities and work additional hours during peak periods.
• Demonstrated leadership experience in team management, performance appraisal, and talent development.

What We Offer

• Opportunity to join a rapidly growing global organization.
• Exposure to complex alternative investment structures and international markets.
• Direct interaction with senior leadership and global stakeholders.
• Collaborative and high-performance work environment.
• Career growth opportunities across jurisdictions and business lines.
• Participation in strategic transformation, automation, and operational excellence initiatives.