Hedge Fund Accountant

About Apex

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 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 disruptor and turn big ideas into bold, industry-changing realities. For our business, for clients, and for you.

Open Ended Hedge Fund Accounting

Location: Dubai, United Arab Emirates

The Apex Group is a global financial services provider with 13,000 staff across 110+ offices globally. We look to recruit bright, articulate and numerate personnel who are unafraid of a challenge and are prepared to work hard and love what they do. We provide an internal training and evaluation programme that will ensure you are equipped with the right experience and qualities to work with Apex's clients.

Life at Apex isn't just about the work you do, it's about embracing the culture and loving what you 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 ensures it rewards loyal and dedicated employees. The international nature of our business and global network of offices means that there are opportunities to broaden your life experiences and take both short-term or permanent relocation options.

We are currently looking for Associate Vice President (Account Manager) to support our growing operations in the Fund Administration department. This role requires excellent management of client deliverables.

Responsible for working along with a growing team of Account Managers, Senior Fund Accountants, and Fund Accountants involved in the areas of NAV calculation, Shareholder Reporting and Compliance from Dubai office, Apex Global Support Centers or any other Apex location.

The Account Manager/AVP will be primarily responsible for the planning, scheduling and managing the daily workflows of all client deliverables such as NAV computation, Transfer Agency or Audit. To actively collaborate with the extended team at Global Support Centers.

The candidate will also be heavily involved in the implementation of the take-on process of new clients, which will involve review of PPMs, various agreements, setting up of NAV reporting packages suitable to the client's requirements, set up on PFS Paxus (and/or any other system) and initial NAV calculations.

All work carried out will require detailed reviews for correctness and adherence to Apex policies and procedures. To become conversant with PFS Paxus software (or any other software, as required). To maintain the client relationship, take responsibility for coordination of regulatory reporting, audit preparation, and due diligence requirements. To prepare and/or review MIS reporting required by Senior Management or Apex Group.

Job Responsibilities

Assist in the NAV preparation and review process for our hedge fund clients including management of the entire process

Timely delivery of any other client specific reporting requirements

Planning, scheduling and managing the daily workflows of all client deliverables within the team

Reconciliation of investment portfolios, dividends and interest, corporate actions, and investor capital activity

Good understanding of various types of performance fee calculation, equalization, management fee calculations

Effective coordination with various support centers of Apex whenever required

Responsible for accruing/amortizing daily or monthly non-security related fee accruals including management fees, performance fees and financing accruals

Assist in the preparation and review of subscription, redemption packs and ensuring timely communication with investors of the funds

Assist in the preparation and review of financial statements & liaising with auditor as required and managing the entire audit process

Ensure timely and accurate preparation of distribution calculations, tax statements and liaising with the tax advisor of the fund

Monitoring and review of the payments to be initiated for the client

Ensuring client enquiries are answered in accordance with Apex service standards on an ongoing basis

Ensuring compliance with regulatory requirements and other requirements of the funds specifications

Ongoing implementation and refinement of SSAE 18 controls along with coordination with internal auditors and external SSAE auditors

Additional Responsibilities

Actively cross selling our suite of services to our client base

Assisting in the development of new & existing global client relationships, optimizing service offerings, productivity and profitability

Ensuring adherence to documented procedures and policies

Work on the integration of large fund administration mandates

Working on ad hoc internal and global projects (as required)

First point of contact for internal and external audit, tax returns and compliance queries

Facilitate the flow of information between Senior Management and Operations team on a timely basis

Skills Required

7-9 years' experience in a similar role incorporating the above functions

An ability to work to and meet agreed deadlines

Understanding of US GAAP & IFRS reporting standards for various fund structures

An understanding of complex fund structures and fund accounting to act as subject matter expert

Strong PC skills including Word, Excel and Macros in Excel (Experience on Paxus an advantage)

M.Com/MBA - Finance/CFA

An accountancy qualification (such as ACCA, CA) is an advantage

Knowledge and in-depth understanding of various types of financial securities such as equity, bonds, futures, options, sukuks, CDS, CFDs etc. and their accounting treatment

A high degree of commercial awareness and client service focus

Prior experience of working in the industry

Strong leadership skills and supervisory experience of other professionals

Excellent organizational and communication skills and the ability to work on own initiative consistently producing accurate and timely work

Good interpersonal skills to develop working relationships with colleagues, clients, other functions and professional intermediaries

Demonstrated ability to automate processes

Knowledge of investor KYC and AML requirements

Familiarity with Paxus is a major plus

An ability to think critically and objectively

Multi-tasking and problem-solving skills

Proficiency in advanced Excel functions is a plus

Work additional hours as needed

Ability to work under pressure and meet tight deadlines

Organised, accurate and willing to learn and take on new tasks

What you will get in return

A genuinely unique opportunity to be part of an expanding large global business. Opportunities for personal and professional development.

Additional information

We are an equal opportunity employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnicity, age, sexual orientation, socio-economic status, responsibilities for dependants, physical or mental disability. Any hiring decisions are made on the basis of skills, qualifications and experiences.

We measure our success as a business, not only by delivering great products and services and continually increasing our assets under administration and market share, but also by how we positively impact people, society and the planet.

Disclaimer: Unsolicited CVs sent to Apex 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.