Specialist- Open Ended

Apex Group Ltd (UK Branch); Gandhinagar; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

Apex Group is seeking an experienced operations professional to manage daily NAV oversight and accounting for AIF Category III funds and Domestic Mutual Funds in India. You will plan workflows, review NAVs, and ensure reconciliations and regulatory compliance under IFSCA guidelines.

The role requires 8+ years of hands-on experience, advanced Excel, and strong client communication skills. Willingness to work extended hours and lead a small team is expected.

Qualifications

• 8+ years of hands-on experience in AIF Category III and Domestic Mutual Funds operations.
• Strong knowledge of valuation across equity, derivatives, debt, bonds, debentures, and unlisted securities.
• Expertise in performance fee calculations, equalization, and series-based accounting.
• Advanced Excel skills with strong analytical and problem-solving abilities.
• Excellent communication and interpersonal skills for direct client interaction.
• Ability to work extended hours during peak periods.
• Experience in team management.

Responsibilities

• Plan, schedule, and manage daily workflows for client deliverables.
• Review and prepare daily/monthly NAVs for AIF Category III funds.
• Prepare and resolve cash, position, and market value reconciliations; communicate breaks to clients/CSMs.
• Pass accounting adjustments for erroneous or missing transactions.
• Review portfolio pricing per IFSCA/SEBI guidelines and pricing exception analysis.
• Review and validate corporate actions; ensure dividends and interest reconcile with broker statements.
• Accrue and amortize management fees, financing accruals, and other non-security-related items.
• Process non-automated transactions including OTC derivatives and related cash movements.
• Record capital activities of the fund.
• Communicate daily estimates/NAV reports and resolve client queries.
• Finalize month-end NAV and prepare investor-level allocation reports.
• Demonstrate understanding of performance fee calculations, series accounting, and equalization.
• Support regulatory reporting as per IFSCA guidelines and assist auditors.
• Contribute to automation, workflow migration, and system conversions.
• Coordinate with internal and external teams (Securities/Trades & Pricing, Reporting, Investor Services, Auditors, Client Service Managers, External Clients).

Skills

AIF Category III

Domestic Mutual Funds

Valuation (equities/derivatives/debt)

Performance fee calculations

Equalization

Series-based accounting

Advanced Excel

Client interaction

Team management

Extended hours

Tools

Paxus

General ledger systems

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

Daily Operations & NAV Oversight

• Plan, schedule, and manage daily workflows for client deliverables within the team.
• Review and prepare daily/monthly NAVs for AIF Category III funds.
• Prepare and resolve cash, position, and market value reconciliations; communicate valid breaks to Clients/CSMs.
• Pass accounting adjustments for erroneous or missing transactions.
• Review portfolio pricing as per IFSCA/SEBI guidelines, including pricing exception analysis.
• Review and validate corporate actions; ensure dividends and interest reconcile with broker statements.

Accounting & Transaction Processing

• Accrue and amortize management fees, financing accruals, and other non‑security-related fee items (daily/monthly).
• Process non‑automated transactions including OTC derivatives and related cash movements.
• Record capital activities of the fund.

Client Communication & Reporting

• Communicate daily estimate/NAV reports and resolve client queries promptly.
• Finalize month‑end NAV and prepare investor‑level allocation reports.
• Demonstrate strong understanding of performance fee calculations, series accounting, and equalization.

Regulatory & Audit Support

• Support regulatory reporting requirements as per IFSCA guidelines.
• Assist auditors by preparing/reviewing financial statements and supporting documentation.

Projects & Process Improvements

• Contribute to initiatives related to automation, workflow migration, and system conversions.
• Support global enhancements in operational procedures and assist with successful implementation.

Stakeholder Management

• Coordinate with multiple internal and external teams, including:
  • Securities/Trades & Pricing
  • Reporting
  • Investor Services
  • Auditors
  • Client Service Managers
  • External Clients

Skills & Qualifications

Must‑Have

• 8+ years of hands‑on experience in AIF Category III and Domestic Mutual Funds operations.
• Strong knowledge of valuation across equity, derivatives, debt, bonds, debentures, and unlisted securities.
• Expertise in performance fee calculations, equalization, and series-based accounting.
• Advanced Excel skills with strong analytical and problem‑solving abilities.
• Excellent communication and interpersonal skills for direct client interaction.
• Ability to work extended hours during peak periods.
• Experience in team management.

Good to Have

• Familiarity with Paxus (major advantage).
• Experience with general ledger accounting platforms.