apex group

Hedge Fund Accounting

Navi Mumbai
February 20, 2024
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Job Description

Hedge Fund Accounting

Location: Navi Mumbai, MH, India
Date Posted: Feb 17, 2023

**Description**

**AVP – Hedge Fund Accounting**

**Bangalore/**
**Pune**
**/Hyderabad/Mumbai**
**/Kolkata**
**- India**Reporting**
– The position reports to VP – 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**
– Planning, scheduling and managing the daily workflows of all client deliverables within the team.
– 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.
– Effectively monitoring deliverables to ensure high SLA compliance within set accuracy standards.

**Skills Required**:

– Experience working with an investment management or finance-related firm.
– Good knowledge of the investment industry with 9-12 Years in Hedge Fund administration or related industry experience.
– 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.
– Team management
– Performance appraisal
– People growth and development

**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

**Additional information