Senior Fund Accountant-Close Ended
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
Role Overview
The role is responsible for end-to-end fund accounting and NAV oversight for AIF Category II (GIFT/IFSC funds). This position ensures accurate NAV calculation, compliance with IFSCA/SEBI regulations, strong client communication, and smooth day-to-day service delivery. The role also includes team leadership, process improvement, audit support, and participation in automation and migration initiatives.
Key Responsibilities
Fund Accounting & NAV Management
Plan, schedule, and manage daily workflows for all client deliverables within the team.
Review, prepare, and reconcile Daily / Monthly / Quarterly NAVs for AIF Category II funds.
Finalize Month-end NAVs and prepare Investor-Level Allocation Reports.
Ensure accurate performance fee and management fee calculations, including:
Series accounting
Equalization accounting
Waterfall model calculations
Oversee and review:
Daily journal entries
Management fee calculations
Investment valuation
Financial and investor reporting
Ad-hoc client reporting
Valuation & Pricing Oversight
Review and analyze portfolio pricing in accordance with IFSCA / SEBI valuation guidelines.
Investigate and resolve pricing exceptions, ensuring proper documentation and approval.
Ensure accurate valuation of:
Listed & unlisted equity
Derivatives
Debt instruments, bonds, and debentures
Fees, Accruals & Capital Activities
Accrue and amortize non-security-related fees (daily/monthly), including:
Management fees
Financing and other operational accruals
Review and book capital activities such as:
Capital calls
Distributions
Transfers
Compliance & Regulatory Support
Ensure compliance with IFSCA / SEBI regulations, particularly for close-ended AIF funds.
Support preparation, review, and completion of regulatory filings as per IFSCA guidelines.
Ensure adherence to all daily, weekly, monthly, and quarterly SLAs.
Create and maintain detailed process checklists to ensure accuracy, completeness, and timeliness.
Client & Stakeholder Communication
Act as a primary point of contact for clients on:
Daily estimates and NAVs
Queries and escalations
Reporting discussions
Build trusted client relationships through clear, timely, and professional communication.
Audit, Projects & Process Improvement
Provide active support during fund audits, including preparation of financial statements.
Partner with operations and technology teams on:
Automation initiatives
Work migrations
System conversions and enhancements
Drive continuous process improvement and operational excellence.
People & Team Management
Manage, mentor, and develop team members.
Conduct performance appraisals and provide structured feedback.
Support people growth, skill development, and succession planning.
Be willing to work additional hours during critical reporting cycles.
Required Skills & Qualifications
Technical & Domain Expertise
Strong experience in AIF Category II structures and GIFT City / IFSC funds.
In-depth understanding of:
Fund accounting
General ledger accounting
NAV processes
Expertise in valuation of diverse asset classes per SEBI / IFSCA guidelines.
Strong knowledge of performance fee, management fee, equalization, and waterfall calculations.
Tools & Systems
Hands-on experience or familiarity with Efront / Allvue / Paxus (strong advantage).
Advanced proficiency in MS Excel (complex formulas, models, reconciliations).
Education
M.Com / CA / MBA (Finance) / CFA
Soft Skills
Excellent analytical and problem-solving skills with strong attention to detail.
Strong organizational and time management capabilities.
Excellent verbal and written communication skills due to direct client interaction.
Ability to manage multiple priorities in a deadline-driven environment.
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.