Associate/Sr Associate Fund Accountant - Hedge Funds

Theapexgroup; Pune District; On-site; INR 900,000 - 1,500,000; Full time

Job summary

The Apex Group is hiring an Associate / Senior Associate - Hedge Fund Accounting in India (Bangalore/Pune). The role involves reviewing NAVs, reconciliations, pricing checks and supporting month-end close for hedge fund clients.

You will work with global client service managers and stakeholders, perform complex calculations, ensure accuracy, and participate in audits and process improvements while adhering to strict deadlines.

Qualifications

• Minimum 2–8 years in hedge fund administration or related field.
• Experience with investment management or finance firms is required.
• Strong Excel proficiency and financial analysis skills.
• Ability to think critically, with attention to detail and accuracy.

Responsibilities

• Review and prepare NAVs for hedge fund clients daily/monthly.
• Prepare cash/position/market value reconciliations and resolve breaks.
• Review pricing and pricing exceptions; verify corporate actions.
• Accrue/ amortize daily/monthly management and financing fees.
• Process non-automated transactions including OTC derivatives.
• Communicate with clients on estimates, NAVs, and query resolutions.
• Ensure OTC products are booked correctly; manage capital activities.
• Finalize month-end NAV and investor-level allocations; support audits.
• Assist with automation projects and global process changes.
• Coordinate with internal/external stakeholders and clients.

Skills

Hedge fund administration

Advanced Excel

Investment management experience

Analytical thinking

Communication skills

Attention to detail

General ledger accounting

Problem solving

Willing to work extra hours

Education

M.Com / CA / MBA - Finance

CFA

Tools

Paxus

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 / Senior Associate - Hedge Fund Accounting

Bangalore/Pune / - India

Shift Timings- Based on Business Requirements

The successful candidate will join the Fund Services team as a Hedge Fund Accountant and will be closely working with Client Service Managers based in Asia/Europe/US regions in connection with the performance of duties related to the administration of Alternative Funds. Candidate should have around 5 plus years of relevant experience in the Administration of Hedge Funds and NAV calculations.

Reporting

The position reports to AVP - Hedge Fund Accounting

About Apex

The Apex Group is a global financial services provider with 3,000 staff across 40+ offices globally. We look to recruit bright, articulate and numerate employees who are not afraid of a challenge and are prepared to work hard and love what they 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 provides a global platform to allow you to thrive.

Job Specification

• Responsible to review/prepare the NAVs of the hedge fund clients on a daily/Monthly basis.
• Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks. If break are due to an erroneous or missing transaction in Accounting system, then make necessary adjustments
• Reviewing pricing of the portfolio and analysing the pricing exceptions if any.
• Reviewing the corporate actions booked in the system and ensuring that the same is correctly reflected in the books. Dividends/Interest Reconciliation with Broker reports
• Responsible for accruing/amortizing daily or monthly non-security related Fee accruals including management fees and financing accruals.
• Process non-automated transactions including OTC derivatives and their related cash movements.
• Effective communication with clients on daily reporting of Estimates/NAVs/Query resolutions.
• Checking that all OTC products traded by the client have been booked correctly.
• Booking of Capital Activities of the fund.
• Finalizing the month end NAV of the client and providing Investor Level Allocation reports at month-end.
• Providing support in Audits for funds in the preparation on financial statements. Complete audit reviews and ensure identified issues are documented and tracked to closure.
• Support operations on projects related to Automations/Work migrations/Conversions etc.
• Support global changes in Key operating procedures and implementation.
• Coordinating with Internal/External Stake holders such as Securities/Trades and Pricing Team, Reporting Team, Investor Services team, Auditors, Client Service Managers and Clients.

Skills Required

• Experience working with an investment management or finance-related firm.
• Good knowledge of the investment industry with 2-8 Years in Hedge Fund administration or related industry experience.
• M.com/CA/MBA - Finance/CFA
• Familiarity with Paxus is a major plus.
• An ability to think critically and objectively.
• Experience with general ledger accounting and, with demonstrated attention to detail and accuracy, analytical, technical, organizational, and problem solving skills.
• Proficiency in advanced Excel functions.
• Excellent communication and inter-personal skills.
• Work additional hours as needed.

What you will get in return:

A genuinely unique opportunity to be part of an expanding large global business

Exposure to all aspects of the business, cross-jurisdiction and to working with senior management directly