Associate - Fund Accounting Private Equity
About The Position
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 The Role & Key Responsibilities: Responsibilities include, but are not limited to performing and coordinating a variety of administrative duties and tasks including: Cash reconciliations & general ledger journal entries Preparation of accounting trial balance work papers and financial statements Maintenance of confidential institutional and high-net worth investor data Client deliverables and investor services including client web portals Develop ad hoc reporting as needed To ensure timely and accurate NAV calculations Processing of investment, cash, accrual, and capital transactions for funds Direct payments for assigned funds Ensuring compliance with regulatory requirements and other requirements of the fund’s specifications Provide guidance, expertise and assistance to fund accountants when needed Communicate with clients to address any questions or concerns Assist team leader with training of new employees Identify and resolve problems in a timely manner Review fund accountants’ funds and NAVs for accuracy and appropriate documentation Maintain a controlled operating environment in conjunction with company’s internal controls
Requirements
- Bachelor’s degree in Accounting/Finance required
- Ability to work towards and meet agreed deadlines
- Highly organized and motivated individual with an acute attention to detail
- Self-starter who volunteers for new opportunities and projects
- Ability to manage complex accounting structures
- Excellent interpersonal and written communications skills
Nice To Haves
- Knowledge of Fund Administration (Private Equity and/or Hedge Fund accounting) a plus
- CPA/MBA/Master’s Degree is an advantage
- Paxus, Geneva, Investran or eFront experience would be an advantage
- Prior experience with incentive fees, waterfall distributions, allocations, financial statements and/or subsequent closes is a plus
Responsibilities
- Cash reconciliations & general ledger journal entries
- Preparation of accounting trial balance work papers and financial statements
- Maintenance of confidential institutional and high-net worth investor data
- Client deliverables and investor services including client web portals
- Develop ad hoc reporting as needed
- To ensure timely and accurate NAV calculations
- Processing of investment, cash, accrual, and capital transactions for funds
- Direct payments for assigned funds
- Ensuring compliance with regulatory requirements and other requirements of the fund’s specifications
- Provide guidance, expertise and assistance to fund accountants when needed
- Communicate with clients to address any questions or concerns
- Assist team leader with training of new employees
- Identify and resolve problems in a timely manner
- Review fund accountants’ funds and NAVs for accuracy and appropriate documentation
- Maintain a controlled operating environment in conjunction with company’s internal controls
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
