Senior Fund Accountant-Close Ended

CO_TSLLP Apex Fincore LLP; Gandhinagar; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Apex Group in India seeks an experienced Fund Accounting professional to oversee NAV delivery for AIF Category II funds and ensure regulatory compliance across IFSCA/SEBI guidelines. The role includes team leadership, process improvements, and collaboration with clients on reporting.

You will manage daily workflows, finalize NAVs, and contribute to automation initiatives while maintaining high-quality financial statements and disclosures for complex asset classes.

Qualifications

• Strong experience with AIF Category II structures and GIFT/IFSC funds.
• In-depth fund accounting, NAV processes, and valuation per SEBI/IFSCA guidelines.
• Proficient with NAV calculations, performance/management fees, and waterfall models.

Responsibilities

• Plan, schedule, and manage daily workflows for client NAV deliverables.
• Review and reconcile NAVs for AIF Category II funds; finalize month-end NAVs.
• Ensure compliance with IFSCA/SEBI regulations; support regulatory filings.
• Lead and mentor team; drive process improvements and automation initiatives.
• Maintain clear client communications and report on estimates and NAVs.

Skills

AIF Category II experience

NAV oversight

GIFT/IFSC funds

Regulatory knowledge

Client communication

Team leadership

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, and 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, 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.

About Apex Group

We are dedicated to driving positive change in financial services while fuelling the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the asset serving industry through our investment in innovation and talent. Today, we set the pace in asset servicing and stand out for our unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals. We’re a people-powered business, and our people are full of ambition. Together, we’re inspired to lead the new era of data and tech enabled service. Bringing new products and services to market. Sharpening our client focus. Disrupting the market to exceed expectations. Innovating across a range of specialisms. With our focus on making a difference to our people, our planet and our society, you’ll experience more here than you would at most other companies. Prepare to accelerate. We’re a people-powered business with a vision to inspire a new era of service-led FinTech. We’re expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We’ll make sure the time and effort you put in takes you further, faster. Positive change starts with you. We’re a people-powered business with a vision to inspire a new era of service-led FinTech. We’re expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We’ll make sure the time and effort you put in takes you further, faster. The journey is yours to own. When you stretch yourself, you grow. We want you to explore ways of working that will see you thrive as part of something bigger. We’ll help you with a solid structure, challenging projects, vibrant networks, supportive colleagues and approachable leaders. All the things you need to own your unique journey.