Senior Fund Accountant

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

Job summary

Apex Group is seeking a Senior Associate 1 in Navi Mumbai to oversee end-to-end fund accounting and NAV for AIF Category II funds (GIFT/IFSC). The role involves regulatory compliance, client communication, and team leadership to ensure timely delivery and accurate reporting.

Responsibilities include NAV preparation, pricing oversight, audit support, and process improvements; candidates should have strong knowledge of fund accounting, NAV processes, and SEBI/IFSCA guidelines.

Qualifications

• Experience with AIF Category II structures and GIFT City/IFSC funds.
• Understanding of fund accounting and NAV processes.
• Knowledge of SEBI/IFSCA valuation guidelines.

Responsibilities

• Plan, schedule, and manage daily workflows for client deliverables.
• Review, prepare, and reconcile NAVs for AIF Category II funds.
• Finalize month-end NAVs and investor reports; ensure fee calculations.
• Review portfolio pricing in line with SEBI/IFSCA guidelines; resolve pricing exceptions.
• Support audits and participate in process improvements and migrations.
• Lead and mentor team members; manage priorities during reporting cycles.

Skills

AIF Category II funds

Fund accounting

General ledger

NAV processes

Valuation guidelines

Fees & waterfall

Education

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

Tools

Efront

Allvue

Paxus

MS Excel

Job description

Senior Associate 1 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

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

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.

Experience Level

Mid Level