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 forAIF Category II (GIFT/IFSC funds). This position ensures accurate NAV calculation, compliance withIFSCA/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 reconcileDaily / Monthly / Quarterly NAVs for AIF Category II funds.

• FinalizeMonth-end NAVs and prepareInvestor-Level Allocation Reports.

• Ensure accurateperformance 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 withIFSCA / 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 amortizenon-security-related fees (daily/monthly), including:

  • Management fees

  • Financing and other operational accruals

• Review and bookcapital activities such as:

  • Capital calls

  • Distributions

  • Transfers

Compliance & Regulatory Support

• Ensure compliance withIFSCA / SEBI regulations, particularly for close-ended AIF funds.

• Support preparation, review, and completion of regulatory filings as perIFSCA guidelines.

• Ensure adherence to alldaily, weekly, monthly, and quarterly SLAs.

• Create and maintain detailedprocess 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 duringfund 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 inAIF Category II structures andGIFT City / IFSC funds.

• In-depth understanding of:

  • Fund accounting

  • General ledger accounting

  • NAV processes

• Expertise in valuation of diverse asset classes perSEBI / IFSCA guidelines.

• Strong knowledge of performance fee, management fee, equalization, and waterfall calculations.

Tools & Systems

• Hands-on experience or familiarity withEfront / Allvue / Paxus (strong advantage).

• Advanced proficiency inMS 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.