Senior Fund Accountant

Apex group; Cape Town; On-site; ZAR 500,000 - 700,000; Full time

Job summary

Apex Group is seeking a Senior Fund Accountant for its UK Fund Accounting team in Cape Town. This role involves ensuring accurate fund valuations, managing accounting tasks, and mentoring team members. Ideal candidates will have a BCom and extensive experience in fund administration. Opportunities for career growth and development within a global leader in fund services.

Qualifications

• Minimum 24 months in asset management portfolio administration.
• Knowledge of offshore investment products preferred.
• Understanding of funds and fee structures needed.

Responsibilities

• Ensure accurate fund valuations and accounting.
• Communicate and resolve accounting queries.
• Review NAV errors and implement controls.

Skills

Proven competence with systems integration

Strong understanding of fund accounting

Excellent Excel skills

Education

BCom or similar in accounting, economics, or investments

Tools

InvestOne

NX Manager

Xceptor

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

The role of the Senior Fund Accountant – UK Fund Accounting will be to perform and provide assurance on UK fund valuations as produced by the UK Fund Accounting Team. The main responsibilities of the role include the management, administration and accounting. The role will necessitate quality standards to be adhered to and will require of the individual to provide ad-hoc supervisory fund valuation review to support the Team Leader – UK Fund Accounting as and when needed.

Job specification

• Ensure accurate calculations of fund valuations and accounting by monitoring cash and scrip reconciliations, expense accruals and exception reporting;
• Communicate and respond to queries originating from internal Fund Services operational teams and/or external from clients, assist team leader/s and managers in resolving all fund accounting queries;
• Ensure material NAV errors are identified, escalated to Team Leader and appropriately remediated;
• Perform review checks within the team (in the absence of the team leader);
• Document and continuously update operational processes, ensure fund valuation checklists are followed and implement controls to reduce valuation error risks;
• Manage Cherwell’s logged to the UK Fund accounting team, and resolve open items;
• Play a key role as part of project implementation of new funds to facilitate a smooth operational handover and monitor daily operational controls and checks to mitigate risk;
• Play a key role in cross training end to end operational functions within the UK Fund Accounting team, this will include, fund accounting, trade integration, corporate actions, custody reconciliations and fund reporting.

Skills Required:

• A BCom or similar, accounting, economics or investments background is preferred;
• The relevant experience includes at least 24 months experience in asset management portfolio administration and pricing of offshore funds;
• Proven competence and an aptitude for working with systems and its integration;
• Knowledge and experience with the use of InvestOne, NX Manager & Xceptor is an advantage;
• Computer literate with an excellent working knowledge of MS office & IT packages (particularly Excel);
• A strong all-round understanding and proven track record of experience in fund accounting and the trade life cycle as part of back office administration;
• Experience with offshore investment products (various fund types including Unit Trusts, Multi-Manager, Segregated Portfolios, ETF’s, Pooled products) will be an advantage; and detailed understanding of funds and fee structures.

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.

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.