Manager - Valuations

Apex group; Cape Town; On-site; ZAR 600 000 - 900 000; Full time

Job summary

Apex Group is seeking an experienced leader in UK Fund Accounting to manage a team of fund accountants in Cape Town. The role involves overseeing daily operations, ensuring compliance with regulations, and driving operational efficiencies. Candidates should possess strong leadership skills and a deep understanding of fund accounting practices.

Qualifications

• Extensive experience in fund accounting and team management.
• Strong understanding of UK fund regulations and compliance.
• Proven track record in operational efficiency and quality assurance.

Responsibilities

• Manage a team of fund accountants and oversee daily operations.
• Ensure compliance with client SLAs and regulatory standards.
• Drive continuous improvement and operational efficiencies.

Skills

Leadership

Fund Accounting

Operational Management

Client Relationship Management

Education

Relevant degree in Finance or Accounting

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

Summary of the position

The successful candidate will manage a team of fund accountants who will perform the accounting and administration for all UK funds serviced from South Africa on InvestOne. The individual will be required to oversee the fund accountings teams daily tasks to ensure all deliverables are produced and dispatched on time in accordance with client service level agreements (SLA) and in line with Apex operational and risk quality standards.

To manage the teams and all functional deliverables under the UK Fund Accounting business unit, the role will be focused, but not limited to, the following supervisory responsibilities that include: resource and task planning, recruitment of appropriate experienced staff to effectively discharge functional activities, resolve operational queries, review fund accountants daily/weekly/monthly deliverables, manage various third party expectations, escalate operational issues, while ensuring operational processes are followed and quality standards adhered to.

Apex is looking for a self-motivated and thoughtful, experienced leader in the UK Fund Accounting space to lead, recruit, supervise, appraise, train and coach Fund Accounting teams to maximize this business unit operational efficiencies. To achieve this, the individual will be required to assist with the design, implementation and maintenance of an operating model that continues to meet regulatory standards, obligations under fund prospectuses, client SLA terms, while adhering to quality standards. Apex is seeking an individual with extensive industry experience and UK fund accounting knowledge.

Outline of main duties and responsibilities

The successful candidate will be responsible for the following main functional responsibilities:

• Show thoughtful leadership in the practices and processes of accounting for UK funds;
• Demonstrate a deep understanding of fund valuations for UK open-ended investment funds;
• Motivate staff and identify training and development needs;
• Ensure accurate calculation of fund valuations through oversight reviews of cash and scrip reconciliations, expense accruals and reporting;
• Ensure inaccuracies in fund valuations and NAV errors are identified, remediated and communicated adhering to UK regulations and Apex standard policy;
• Perform valuation quality assurance reviews on a regular basis to ensure consistent quality of product output between teams;
• Ensure fund valuations are administered in line with fund legal documentation.

Operational Management:

• Setting up and maintain a production schedule for all UK Fund Accounting deliverables;
• Plan the team member allocations to ensure all valuation activities and deliverables meet SLA timelines;
• Manage daily output in accordance with daily/weekly/monthly valuations production schedule;
• Monitor service delivery to SLAs and client expectations to ensure timely and accurate NAV calculations and client queries addressed;
• Actively manage issues and risks to resolution for all escalated matters in a timely and efficient manner;
• Co-coordinate and review all processes, checklists and controls to ensure accuracy and completeness of processes and controls followed.
• Review operational processes periodically to ensure a smooth operation, adherence to quality standards and to identify process gaps and documentation requiring updates;
• Identify, design and implement process efficiencies through automation of processes.
• Coordinate performance management of each team member, that includes setting up KPIs that aligns with job descriptions, focus on staff development and provide performance feedback;
• Participate and lead training with the assistance of senior specialists (where needed) to allow knowledge share within the teams;
• Meet with UK oversight managers monthly to discuss operational open items and client satisfaction feedback where operating model includes delegation of services to the South African office.
• Provide mentorship and motivation to staff to drive a high-performance output from teams.

Relationship Management:

• Review SLA to ensure terms of agreements are adhered to with external and internal clients;
• Establish and maintain key relationships, particularly with internal counterparts in other functional units, across offices in the same and in other jurisdictions.
• Establish and maintain strong relationships with external clients to ensure good client satisfaction levels are maintained.
• Drive and coordinate high-performance from the teams and collaborate with other operational team managers to enable effective delivery and resolution of all matters.
• Hold team leaders accountable for delivery and results.
• Ensuring that appropriate operational controls are in place to mitigate risk.
• Log and review incidents to ensure appropriate corrective actions are recorded and implemented to mitigate risk from reoccurring.
• Drive continuous improvement projects in your area with assistance from allocated senior specialists;
• Assess opportunities for improved efficiencies and reduced overhead in existing processes, including new technologies and tools;
• Assess implications of operational controls within the domain on the ISAE 3402.

Project management:

• Manage delivery of all inputs required from UK fund accounting team as part of client onboarding and implementation process to ensure a smooth go-live transition.
• Manage allocation of appropriate resources to support client-implementation and go-live transition.
• Implement checks and controls with assistance of senior specialist after operational take-on of new clients to mitigate risk.
• Provide management assistance on business related projects that can include but are not limited to system migrations, client take-on’s, process improvements as well as the integration of business processes between offices.

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.

Our Story

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.

Working at Apex

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.