Manager -Middle Office Credit

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:

• Asset administration: Responsibilities include, but are not limited to performing and coordinating a variety of administrative duties and tasks including
  • Asset setup in Solvas as per credit agreement and limited information received by client.
  • Asset Maintenance and reconciliation.
  • Experience on Aladdin system booking and navigation is highly preferred.
  • Liaising with 3rd party brokers/custodians/agents for position and cash confirmations.
  • Notice processing and tracking through Digitize enhances operational efficiency by automating workflows, improving visibility, and ensuring accurate end-to-end monitoring of notices.
  • Processing corporate actions.
  • Entering and settling trades received via Alphafuse or through details received via clients directly.
  • Preparing and assisting with various reports required by internal teams.
  • Other duties assigned by Management.

• Cash/Position Reconciliation: Responsibilities include, but are not limited to performing and coordinating a variety of reconciliation duties and tasks including
  • Preparing daily reconciliation of cash transactions.
  • Experience on Aladdin dashboard knowledge is added advantage.
  • Preparing daily reconciliation of Apex/Client/Custody positions.
  • Ensuring aged breaks (over 3 days) are addressed and escalated on timely manner.
  • Processing and reconciling data in various systems. (Aladdin system is preferred and added advantage)
  • Actively researching discrepancies with various agents and internal teams
  • Preparing and ensuring all Reporting is issued within the required timeframes
  • Preparing and assisting with various reports required by internal teams
  • Other duties assigned by Management

• Support Loan Admin - Middle Office Group:
  • Lead and participate in weekly/daily client meetings /new onboards and ensure minutes are noted and follow up items are closed out.
  • Work with the local CRM to ensure monthly operational calls are scheduled and agenda items are monitored and closed out.
  • Ensure all deal procedures and report checklists are completed.
  • Ensure KPI reports are monitored and reviewed regularly to ensure they are adapted/updated in line with the business requirements.
  • Work with the admin team to ensure clients breaks both cash and positions are pushed and assisted where required.
  • Ensure all monthly deliverables are in line with our SLA and if not record and note clearly the reasons,
  • Work closely with senior managers to identify and streamline operations where greater efficiencies can be implemented.
  • Manage the team of analysts and senior analysts supporting in Client service location in Canada
  • Update and Keeping a track of revenue sheet for clients
  • Keeping a track deliverables and SLAs
  • Co-ordinate between various stake holders such as Analytics, Asset admin, Recon and Tableau support team.
  • Primary contact for escalations.

Skills Required:

• Degree in Accounting/Finance, or a relevant qualification
• Candidate should have 10+ years’ experience working in loan administration operations
• Extensive knowledge of Credit Funds
• Understanding or knowledge of various security types – Private Debt, Syndicated Loans, Bonds, Equities, Futures, CDS, CDS Indices, Forwards, ABS, MBS, TRS, etc.
• Understanding of trade lifecycle, and life cycle of events, cash reconciliation.
• Knowledge and experience with settlements including DTCC & Euroclear
• Knowledge and understanding of securities and other financial instruments Computer proficiency with advanced knowledge of Microsoft Office Suite, familiarity with Solvas (CDO-Suite), Geneva, Aladdin preferred

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.