Account Manager

The Apex Group

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.

List of duties include the following:

• Provide technical support to the Fund Accounting team to ensure all aspects of the hedge fund's books and records are accurate and meet industry and regulatory standards.
• Perform risk assessment to ensure resourcing for the support of both the current client base and potential future growth is adequate.
• Assess knowledge and skill set of the team to set coverage ensuring that there is a match of technical and client knowledge.
• Act as a partner to the client to develop their business in a controlled way and meet all industry and regulatory requirements.
• Develop and manage a team of fund accountants. This will include knowledge development, performance review, and control.
• Assist in developing the controls and procedures of the fund accounting group.
• Provide accounting solutions to hedge funds for independent valuation, investor transparency, and regulatory compliance.
• Review calculation of daily net asset values (NAVs).
• Review accounting functions including profit and loss analysis, daily cash projections, calculations of foreign exchange transfers required for funding, checking client's contributions and redemptions.
• Verify performance by reviewing large profit and loss swings and analysing income/expense journals for validity.
• Adjust activity as necessary for performance processing and reporting.
• Perform and review position and value reconciliations. Identify and resolve all breaks.
• Review and reconcile general ledger exceptions.
• Responsible for ensuring accuracy of non-security related income and expenditure.
• Account for non-standard transactions including over-the-counter derivatives.
• Ensure corporate actions are accounted for accurately.
• Perform month-end control processes, producing a month-end control pack and sign off including review of control packs prepared by members of the team.
• Review investor level allocations of income and expenses.
• Develop relationship with auditors for the preparation of year-end financial statements and provision of data to auditors.
• Identify and implement process changes to enhance efficiency.

Role requirements:

• Experience: 7-10+ years in hedge fund accounting, including team leadership and NAV review.
• Qualifications: Degree in accounting/finance; ACCA or ACA preferred.
• Skills: Strong technical fund accounting, controls, client and auditor management, people leadership.

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.