Senior Associate 1

theapexgroup; Mumbai; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

The Apex Group in Mumbai is seeking an experienced professional to lead end-to-end fund accounting and NAV oversight for AIF Category II (GIFT/IFSC funds). You will ensure accurate NAVs, regulatory compliance, and smooth day‑to‑day service.

You will manage client communications, drive process improvements, support audits, and lead a growing team with a focus on automation and efficiency.

Qualifications

• Experience in AIF Category II structures and IFSC funds.
• Strong understanding of fund accounting, NAV processes, and SEBI/IFSCA guidelines.
• Experience with valuation, fees calculations, and reporting.
• Ability to lead a team and manage client communications.

Responsibilities

• Plan, review, and reconcile NAVs for AIF Category II funds.
• Oversee daily/monthly/quarterly valuation and performance fee calculations.
• Ensure compliance with IFSCA/SEBI and maintain valuation documentation.
• Lead audit support, annual statements, and client reporting.
• Drive process improvements, automation, and system migrations.
• Manage, mentor, and develop team members; support critical reporting cycles.

Skills

Fund accounting

NAV processes

IFSC funds

Valuation

Performance fee

Stakeholder communication

Team management

Education

M.Com

CA

MBA (Finance)

CFA

Tools

Efront

Allvue

Paxus

MS Excel

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.

Role Overview

The role is responsible for end‑to‑end fund accounting and NAV oversight for AIF Category II (GIFT/IFSC funds). This position ensures accurate NAV calculation, compliance with IFSCA/SEBI regulations, strong client communication, and smooth day‑to‑day service delivery. The role also includes team leadership, process improvement, audit support, and participation in automation and migration initiatives.

Key Responsibilities

Fund Accounting & NAV Management

• Plan, schedule, and manage daily workflows for all client deliverables within the team.
• Review, prepare, and reconcile Daily / Monthly / Quarterly NAVs for AIF Category II funds.
• Finalize Month‑end NAVs and prepare Investor‑Level Allocation Reports.
• Ensure accurate performance fee and management fee calculations, including: Series accounting, Equalization accounting, Waterfall model calculations.
• Oversee and review: Daily journal entries, Management fee calculations, Investment valuation, Financial and investor reporting, Ad‑hoc client reporting.

Valuation & Pricing Oversight

• Review and analyze portfolio pricing in accordance with IFSCA / SEBI valuation guidelines.
• Investigate and resolve pricing exceptions, ensuring proper documentation and approval.
• Ensure accurate valuation of: Listed & unlisted equity, Derivatives, Debt instruments, bonds, and debentures.

Fees, Accruals & Capital Activities

• Accrue and amortize non‑security‑related fees (daily/monthly), including: Management fees, Financing and other operational accruals.
• Review and book capital activities such as: Capital calls, Distributions, Transfers.

Compliance & Regulatory Support

• Ensure compliance with IFSCA / SEBI regulations, particularly for close‑ended AIF funds.
• Support preparation, review, and completion of regulatory filings as per IFSCA guidelines.
• Ensure adherence to all daily, weekly, monthly, and quarterly SLAs.
• Create and maintain detailed process checklists to ensure accuracy, completeness, and timeliness.

Client & Stakeholder Communication

• Act as a primary point of contact for clients on: Daily estimates and NAVs, Queries and escalations, Reporting discussions.
• Build trusted client relationships through clear, timely, and professional communication.

Audit, Projects & Process Improvement

• Provide active support during fund audits, including preparation of financial statements.
• Partner with operations and technology teams on: Automation initiatives, Work migrations, System conversions and enhancements.
• Drive continuous process improvement and operational excellence.

People & Team Management

• Manage, mentor, and develop team members.
• Conduct performance appraisals and provide structured feedback.
• Support people growth, skill development, and succession planning.
• Be willing to work additional hours during critical reporting cycles.

Required Skills & Qualifications

Technical & Domain Expertise

• Strong experience in AIF Category II structures and GIFT City / IFSC funds.
• In‑depth understanding of: Fund accounting, General ledger accounting, NAV processes.
• Expertise in valuation of diverse asset classes per SEBI / IFSCA guidelines.
• Strong knowledge of performance fee, management fee, equalization, and waterfall calculations.

Tools & Systems

• Hands‑on experience or familiarity with Efront / Allvue / Paxus (strong advantage).
• Advanced proficiency in MS Excel (complex formulas, models, reconciliations).

Education

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

Soft Skills

• Excellent analytical and problem‑solving skills with strong attention to detail.
• Strong organizational and time management capabilities.
• Excellent verbal and written communication skills due to direct client interaction.
• Ability to manage multiple priorities in a deadline‑driven environment.