Hedge Fund Accounting

Apex Group Ltd (India Branch); Bengaluru; On-site; INR 2,500,000 - 3,800,000; Full time

Job summary

Apex Group Ltd (India Branch) is seeking an AVP – Fund Accounting in Bengaluru to handle daily NAVs, reconciliations and fund reporting. You will coordinate with Europe/Singapore/US teams and manage workflow for hedge fund clients.

Ideal candidates have 9+ years in hedge fund administration, strong Excel and GL skills, and exposure to OTC derivatives. Shift timings start at 2:30am based on business needs, with a global service delivery mindset.

Qualifications

• 9-12 years in Hedge Fund administration or related industry experience.
• M.Com/CA/MBA – Finance/CFA
• Experience with general ledger accounting and attention to detail and accuracy.
• Proficiency in advanced Excel functions.
• Excellent communication and inter-personal skills.

Responsibilities

• Plan, schedule and manage daily workflows of client deliverables.
• Review/prepare NAVs of hedge fund clients daily/monthly.
• Prepare cash/position/market value reconciliations and resolve breaks; notify clients of valid breaks.
• Review portfolio pricing and analyze pricing exceptions.
• Review corporate actions and ensure correct reflection; reconcile dividends/interest with broker reports.
• Accrue daily/monthly non-security related fees including management and financing accruals.
• Process non-automated transactions including OTC derivatives.
• Communicate with clients on daily reporting of estimates/NAVs.
• Ensure OTC products are booked correctly.
• Close month-end NAV and provide investor-level allocation reports.
• Support audits and complete audit reviews; document and track issues to closure.
• Support automation/work migrations/conversions and global SOP changes.
• Coordinate with internal/external stakeholders to monitor SLA quality.

Skills

Hedge fund admin

NAV calculations

Excel advanced

Client communication

Attention to detail

General ledger

Audit support

Problem solving

Industry knowledge

Paxus familiarity

Education

M.Com/CA/MBA – Finance/CFA

Tools

Paxus

Job description

Shift Timings- 2::30am Based on Business Requirements

The successful candidate will join the Fund Services team as an AVP – Fund Accounting and will be closely working with Client Service Managers based in Europe/Singapore/US regions in connection with the performance of duties related to the administration of Alternative Funds. Candidate should have around 9 plus years of relevant experience in the Administration of Hedge Funds and NAV calculations.

Reporting

The position reports to VP – Hedge Fund Accounting

About Apex

The Apex Group is a global financial services provider with 10,000 staff across 50+ 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

• Planning, scheduling and managing the daily workflows of all client deliverables within the team.
• 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.
• Effectively monitoring deliverables to ensure high SLA compliance within set accuracy standards.

Skills Required

• Experience working with an investment management or finance-related firm.
• Good knowledge of the investment industry with 9-12 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.