Senior Associate- Hedge Fund accounting

Apex Group; United States; Remote; USD 80,000 - 110,000; Full time

Job summary

Apex Group seeks a Senior Associate in Hedge Fund Accounting to join the Fund Services team. This role requires expertise in hedge fund NAV preparation, client communication, and significant experience in hedge fund administration. Candidates should hold advanced finance degrees and demonstrate strong analytical and Excel skills. Join a global leader and enjoy career growth opportunities.

Benefits

Unique opportunity in a global business

Exposure to all business aspects and senior management

Qualifications

• 5+ years in Hedge Fund administration or related experience.
• M.com/CA/MBA Finance/CFA required.
• Strong Excel proficiency and communication skills.

Responsibilities

• Prepare daily/monthly NAVs of hedge fund clients.
• Review cash/position/market value reconciliations.
• Ensure accurate booking of all OTC products.

Skills

Attention to detail

Analytical skills

Communication

Problem solving

Critical thinking

Organizational skills

Advanced Excel functions

Education

M.com/CA/MBA Finance/CFA

Tools

Paxus

Invest One

Job description

Senior Associate - Hedge Fund Accounting

Bangalore/Pune/Mumbai/Hyderabad/Kolkata - India (Remote)

Shift timings- 12am- 9am (New Zealand shift) / 2am-11am (Australia shift)

The successful candidate will join the Fund Services team as a Hedge Fund Accountant and will be closely working with Client Service Managers based in Asia/Europe/US regions in connection with the performance of duties related to the administration of Alternative Funds. Candidate should have around 5 plus years of relevant experience in the Administration of Hedge Funds and NAV calculations.

Reporting
The position reports to AVP Hedge Fund Accounting

About Apex
The Apex Group is a global financial services provider with 3,000 staff across 40+ offices globally. We look to recruit bright, articulate and numerate employees who are not afraid of a challenge and are prepared to work hard and love what they do.
Every employee plays a part in making Apex who we are today and the more that we grow, the more important that becomes. Whatever your career path or specialism Apex provides a global platform to allow you to thrive.

Job Specification

• Responsible to review/prepare the NAVs of the hedge fund clients on a daily/Monthly basis.
• Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks. If break are due to an erroneous or missing transaction in Accounting system, then make necessary adjustments
• Reviewing pricing of the portfolio and analysing the pricing exceptions if any.
• 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
• Responsible for accruing/amortizing daily or monthly non-security related Fee accruals including management fees and financing accruals.
• Process non-automated transactions including OTC derivatives and their related cash movements.
• Effective communication with clients on daily reporting of Estimates/NAVs/Query resolutions.
• Checking that all OTC products traded by the client have been booked correctly.
• Booking of Capital Activities of the fund.
• Finalizing the month end NAV of the client and providing Investor Level Allocation reports at month-end.
• Providing support in Audits for funds in the preparation on financial statements. Complete audit reviews and ensure identified issues are documented and tracked to closure.
• 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, Investor Services team, Auditors, Client Service Managers and Clients.

Skills Required

• Experience working with an investment management or finance-related firm.
• Good knowledge of the investment industry with 4+ Years in Hedge Fund administration or related industry experience.
• M.com/CA/MBA Finance/CFA
• Familiarity with Paxus is a major plus.
• An ability to think critically and objectively.
• Experience with general ledger accounting 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.
• Working knowledge of Invest one software is a major plus

What you will get in return:

• A genuinely unique opportunity to be part of an expanding large global business
• Exposure to all aspects of the business, cross-jurisdiction and to working with senior management directly