Account Manager

About Apex Group

Founded in Bermuda in 2003, Apex Group has grown into one of the leading global providers of fund administration and middle office solutions. Our unique business model enables us to deliver cross-jurisdictional services worldwide while maintaining a local client focus. Our team of approximately 13,000 employees across 112 offices exemplifies our commitment to growth and transformation. We aim to foster career paths that resonate with your enthusiasm and skills by empowering and supporting you to innovate and excel at the highest level.

Key Responsibilities

• Deliver technical assistance to the Fund Accounting team, ensuring hedge fund records are accurate and compliant with industry regulations.
• Conduct risk assessments to verify adequate resourcing for current clients and future expansion, while aligning team skills with client and technical demands.
• Collaborate closely with clients to support controlled business growth aligned with regulatory standards.
• Lead and develop a team of fund accountants, focusing on skill enhancement, performance evaluation, and internal control adherence.
• Contribute to refining fund accounting controls and operational procedures.
• Provide tailored accounting services to hedge funds, facilitating independent valuations, investor clarity, and regulatory compliance.
• Oversee the validation of daily Net Asset Values (NAVs) and accounting functions such as profit and loss analysis, cash projections, and foreign exchange transfer calculations.
• Audit significant profit and loss fluctuations and verify income and expense journal entries for accuracy.
• Make necessary adjustments in the performance reporting and processing workflow.
• Perform and supervise position and valuation reconciliations, resolving discrepancies.
• Review and reconcile exceptions within the general ledger.
• Ensure the correctness of income and expenditure items unrelated to securities.
• Manage accounting for complex transactions, including OTC derivatives and accurate handling of corporate actions.
• Execute month-end control procedures, prepare comprehensive control packs, and oversee team members’ control documentation for approvals.
• Examine investor-level allocation of incomes and expenses.
• Build and maintain productive relationships with auditors for annual financial statement preparations and data submissions.
• Identify and implement process improvements to drive operational efficiency.

Qualifications and Requirements

• Professional experience of 7 to 10+ years in hedge fund accounting, including leadership roles and NAV review responsibilities.
• Academic background: Degree in Accounting or Finance; professional qualifications such as ACCA or ACA are preferred.
• Strong expertise in technical fund accounting, internal controls, client and auditor relationship management, and team leadership.

Additional Information

Please note that unsolicited resumes from recruitment agencies will not be entertained. Apex follows a direct sourcing recruitment model and only engages with selected recruitment partners through its Talent Acquisition team.