Senior Manager of Closed End Fund Operations

Apex Group • Paramus, NJ

16d • $150,000 - $200,000 • Hybrid

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 Apex Group is seeking an experienced Private Equity Fund Accounting Manager to join our growing team. Fund Accounting Manager play a critical role at Apex’s leading client teams to support day-to-day business processes of various client-sponsored investment funds. This is an exciting opportunity to manage a team, interact with clients and client fund investors, and contribute to the growth of the organization. Private Equity Fund Accounting Manager must have a bachelor’s degree in accounting or a related field, a minimum of six years of investment fund accounting experience inclusive of private equity, and experience managing a team of accounting professionals. Private Equity Fund Accounting Manager must also have exceptional interpersonal and communication skills, a client service orientation, and be able to manage multiple projects simultaneously.

Requirements

• Bachelor’s degree in accounting, finance, or related field; advanced degree and/or CPA are desired
• Minimum of six years of investment fund accounting experience inclusive of private equity, real estate fund administration experience is a plus
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• We pride ourselves in our commitment to fostering a connected and inclusive culture, all our opportunities at Apex have five (5) days in office requirement.

Nice To Haves

• advanced degree and/or CPA are desired
• real estate fund administration experience is a plus

Responsibilities

• Actively manage day-to-day client relationships as the principal liaison with client’s internal finance function or administrative partner
• Supervise a team of Senior Accountants and Staff Accountants, and manage workflow in order to meet established timetables and deadlines
• Ensure team complies with all accounting policies and control procedures
• Review client investment-related legal documents and investment accounting entries for complex transactions including portfolio purchases and sales, portfolio valuation adjustments, waterfall calculations, and recurring investment income accruals
• Maintain knowledge of accounting rules and reporting requirements pertaining to investment funds and registered investment advisors and ensure such rules are appropriately applied
• Review and approve quarterly and annual financial work paper packages, reconciliations of accounting activity, and ensure accurate and timely quarterly and year-end closings; review and approve quarterly and annual financial statements for accuracy and compliance with generally accepted accounting principles
• Oversee new hire training and performance review process
• Review and approve periodic fund calculations including capital calls, management fees, and investor income allocations and distributions
• Coordinate and manage the year-end audit and tax process and serve as primary point of contact with client’s audit and tax firms; review and approve annual tax workpaper packages
• Review and approve drafts of various communications to clients and investment fund investors
• Plan, communicate, and work efficiently with Investor Services Group to ensure deadlines are met
• Provide recommendations to management regarding operating efficiencies and systems development

Benefits

• Salary ranges from USD $150,000.00 – USD $200,000.00 plus additional discretionary yearly bonus based on corporate and individual's performance.
• Compensation within this range is dependent on individual's skills, experience and qualifications.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager