Specialist - Middle Office

CO_AFATI Apex Fund Services LLP; Pune District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Apex Group in Pune is seeking an experienced reconciliation professional to manage cash, positions and P&L for hedge/fund operations. You will ensure accuracy against ledgers, coordinate with clients and internal teams, and price investment positions daily.

The role requires 5+ years in hedge/mutual fund reconciliation, strong Excel skills, and familiarity with Calypso, Paxus or Enfusion. Remote work not specified; hybrid options may be considered.

Qualifications

• Graduate or postgraduate in commerce or finance with relevant certification.
• Minimum 5 years in hedge/mutual fund reconciliation and break resolution.
• Experience in investment management firms and balancing ledgers.

Responsibilities

• Prepare cash/position reconciliations and resolve breaks.
• Review P&L and balance sheet, ensure accuracy against ledgers.
• Coordinate with vendors, clients, and internal teams on reconciliations.
• Price investment positions daily and monitor accruals.
• Support automation projects and process improvements.

Skills

Investment management

Hedge fund accounting

Calypso familiarity

Enfusion familiarity

Excel proficiency

Education

MBA Finance

CA/CMA/CFAMinimum

Tools

Calypso

Paxus

Enfusion

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

Key duties and responsibilities

• Prepare Cash/Position/Market Value Reconciliations and resolving breaks.
• Notify Clients/CSMs of valid breaks.
• If any breaks are due to an erroneous or missing transaction in accounting system, then make necessary adjustments.
• Researching, following up and clearing outstanding items within deadlines
• Submitting information for adjusting entries via email to the processing departments
• Identifying missing and / or inaccurate information in vendor database
• Review and clearing daily / Monthly cash and positions and provide sign off to client.
• Ensuring that a company’s financial balances match with the figures in its account ledgers
• Examining the company’s accounting records, reviewing them with banking documentation, and reporting any discrepancies in the reports
• 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
• Independently price the Investment positions on a daily & monthly basis.
• Responsible for accruing/amortizing daily or monthly non-security related Fee accruals
• Review the PNL before delivering the report to client.
• Process non-automated transactions including OTC derivatives and their related cash movements.
• Effective communication with clients on daily reporting of Reconciliation/Query resolutions.
• Checking that all OTC products traded by the client have been booked correctly.
• 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, Client Service Managers and Clients.
• Ensure to get cross trained within process and transfer the Knowledge between the team.

Skills required

• Experience working with an investment management or finance-related firm.
• Good knowledge of the investment industry with 5+ Years in Hedge/Mutual Fund administration or related industry experience.
• Familiarity with Calypso/Paxus/ Enfusion will be an added advantage.
• An ability to think critically and objectively.
• Experience in Hedge Fund accounting, booking accruals, tying back P&L, Balance sheet will be an added advantageExperience with reconciliation and break resolution 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.
• Work additional hours as needed.

Qualification and Experience

Graduate / Postgraduate in Commerce, MBA Finance, CA/CMA/CFAMinimum 5 years of Hedge/Mutual Fund reconciliation and break resolution experience.

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.

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. Find out more about us