Assistant Manager - Hedge Funds

CO_SANFPL Apex Fund & Corporate Services SA (Pty) Ltd; Cape Town; On-site; ZAR 700,000 - 900,000; Full time

Job summary

Apex Group in Cape Town seeks an experienced fund accounting supervisor to lead a team and ensure accurate NAV calculations, valuation reporting, and timely client communications.

The role focuses on maintaining service levels, mentoring staff, and collaborating with other departments to implement process improvements. Strong Excel skills and hedge fund knowledge are essential.

Qualifications

• Requires a commerce degree or diploma with Financial Accounting 2.
• At least 5 years related experience in fund accounting or similar.
• Proficient in MS Excel and valuation processes.

Responsibilities

• Plan and control team workload and workflow.
• Provide informal on-the-job training for team members.
• Ensure accounting and valuations procedures are followed by the team.
• Prepare Net Asset Value calculations accurately and timely.
• Review valuations up to final sign-off and send reports to clients.

Skills

Team leadership

Communication skills

Problem solving

Attention to detail

Time management

Hedge fund knowledge

Education

Commerce degree or diploma with Financial Accounting 2

Tools

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.

Description

• Identify the training and development needs of his/her team
• Mentor team members
• Perform a thorough review of valuations up to final sign-off stage
• Ensure service levels are maintained and Liaise with clients and assist with the implementation of new processes and procedures

Job specification

The brief description outlined above will involve the following specific duties:

• Planning and controlling team workload and workflow
• Provide informal on the job training for team members
• Liaise with the other departments in respect of issues affecting the output of the supervisor’s team
• Ensure that Accounting and Valuations procedures are correctly followed by the team under their supervision
• Ensure that Net Asset Value calculations are prepared in a timely, efficient and accurate manner
• Review valuations up to final sign-off stage
• Ensure that valuation reports are sent to clients within agreed deadlines
• Resolve client queries timeously
• Provide fund auditors with required information and explanations as requested
• Suggest and implement valuation procedure and process improvements
• Ensure that all filing for the section is kept up to date and is performed in a neat and orderly manner
• Responsible for Fund Accounting
• Pricing
• Manual excel NAV file verification roll forward
• Security position and price review
• Cash and interest reconciliation
• Reporting
• 3rd Party validation
• Calculation of income distribution and Management fee reporting on the Alusi Fund

Skills Required

• Commerce degree or diploma with at least Financial Accounting 2
• At least 5 years related experience
• Proficient in MS Excel
• Hedge fund industry knowledge
• Necessary management and interpersonal skills to manage a team of fund accountants
• Thorough knowledge of the fund valuation process and all elements thereof
• A high level of attention to detail and accuracy in order to review valuations and ensure a high level of quality in the output of the Accounting and Valuations function
• Effective time management skills to achieve deadlines
• A high level of problem-solving skills and Exceptional communication skills

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