Fund Accounting Associate - Alternative Investment Funds

Apex Group; Mumbai; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Apex Group in Mumbai is seeking an Associate 2 to support NAV workflows and client reporting for AIF Category II funds. You will handle reconciliations, pricing review, and regulatory reporting, working closely with a client-facing team.

The ideal candidate holds CA/CFA/MBA (Finance) or M.Com with fund accounting experience, strong Excel skills, and familiarity with SEBI/IFSCA regulations. Exposure to EFront/Allvue is a plus. This role offers growth and leadership exposure.

Qualifications

• CA/CFA/MBA (Finance) or M.Com with fund accounting experience.
• Strong knowledge of valuation methods for equity, debt, bonds, derivatives and unlisted securities.
• Experience in AIF Category II fund accounting and NAV preparation.
• Advanced Excel skills; experience with EFront, Allvue or Paxus preferred.
• Excellent analytical, communication, and client management skills.
• Relevant experience in fund accounting and team leadership.

Responsibilities

• Manage and oversee daily workflows, NAV preparation, reconciliations, and client deliverables for AIF Category II funds.
• Review and finalize Daily/Monthly/Quarterly NAV calculations and investor allocation reporting.
• Perform and review management fee, performance fee, equalization, series accounting, and waterfall calculations.
• Ensure accurate booking of journal entries, capital activities, valuations, accruals, and financial reporting.
• Review portfolio pricing and valuation in line with SEBI and IFSCA regulations.
• Prepare and review investor reports, financial statements, and ad hoc client reporting.
• Ensure compliance with regulatory requirements and adherence to all service level agreements (SLAs).
• Liaise directly with clients for NAV reporting, query resolution, and ongoing operational support.
• Support audits, regulatory filings, process improvements, automation initiatives, and work migrations.
• Lead, mentor, and develop team members while driving performance and operational excellence.

Skills

NAV prep

AIF II

Valuation methods

Fee calculations

SEBI/IFSCA rules

Excel pro

Client management

Team leadership

Education

CA / CFA / MBA (Finance) / M.Com.

Tools

EFront

Allvue

Paxus

Job description

Associate 2 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

Key Responsibilities

• Manage and oversee daily workflows, NAV preparation, reconciliations, and client deliverables for AIF Category II funds.
• Review and finalize Daily/Monthly/Quarterly NAV calculations and investor allocation reporting.
• Perform and review management fee, performance fee, equalization, series accounting, and waterfall calculations.
• Ensure accurate booking of journal entries, capital activities, valuations, accruals, and financial reporting.
• Review portfolio pricing and valuation in line with SEBI and IFSCA regulations.
• Prepare and review investor reports, financial statements, and ad hoc client reporting.
• Ensure compliance with regulatory requirements and adherence to all service level agreements (SLAs).
• Liaise directly with clients for NAV reporting, query resolution, and ongoing operational support.
• Support audits, regulatory filings, process improvements, automation initiatives, and work migrations.
• Lead, mentor, and develop team members while driving performance and operational excellence.

Required Skills & Experience

• Strong experience in Alternative Investment Funds (AIF Category II) and GIFT Fund Accounting .
• In-depth knowledge of valuation methodologies for equity, debt, bonds, debentures, derivatives, and unlisted securities.
• Expertise in performance fee, management fee, equalization accounting, and waterfall calculations.
• Sound understanding of SEBI and IFSCA regulations applicable to close-ended funds.
• Experience in fund accounting, NAV preparation, financial reporting and general ledger accounting.
• Advanced proficiency in Microsoft Excel.
• Knowledge of EFront, Allvue, or Paxus is preferred.
• Excellent analytical, communication, and client management skills.
• Qualification CA / CFA / MBA (Finance) / M.Com.
• Relevant experience in AIF Fund Accounting and team management.

Why Join Us?

• Opportunity to work with complex alternative investment structures.
• Direct client exposure and leadership responsibilities.
• Involvement in automation, transformation, and strategic initiatives within fund operations.

Experience Level Mid Level