Senior Fund Accountant

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

Summary of the position

The successful applicant will be responsible for overseeing and managing the accounting requirements of our private Equity (SA) clients in line with service level agreements.

This includes managing a small team of accountants, client service management, and providing support to the onboarding team.

The roles and responsibilities of the successful candidate are as follows:    

1. ACCOUNTING

• Act as the accounting specialist within the Private Equity (SA) business.

• Supervise and control the timely and accurate delivery of net asset valuations, consolidated partner

capital accounts, quarterly statements, financial statements, and supporting schedules.

• Manage the preparation of performance fee, internal Rate of Return (IRR), and equalization

calculations as required by Fund documents.

2. STAFF AND TRAINING

• Play a pivotal role in the development and training of direct reports.

• Set KPIs for direct reports and manage performance both formally and informally.

• Train, manage, and supervise team members.

3. TEAM MANAGEMENT

• Oversee the preparation and delivery of accounting services as per fund documentation and service

level agreements.

• Review team deliverables and ensure timely staffing to meet client requirements.

4. CLIENT MANAGEMENT

• Conduct quarterly client service review calls for an allocated portfolio and provide client feedback to

management and the team.

• Manage client responsibilities to meet agreed deadlines and best practices.

5. CLIENT ONBOARDING

• Provide feedback to the onboarding team and Private Equity (SA) management regarding operational

requirements versus system capabilities and identify gaps.

• Contribute to SLA timeframes and requirements.

6. PROCESSES AND SYSTEM UPDATES

• Assist with the ongoing development of the Private Equity IT platform and maintenance of reporting

templates.

• Ensure compliance with Closed Ended (SA) processes and identify potential efficiencies.

7. REGULATORY

• Assist with regulatory and reporting requirements as they arise.

8. OTHER TASKS

• Act as authorized signatory on client bank accounts, and reviewer of payment.

• Build relationships with internal teams to ensure seamless service delivery to clients.

• Perform any additional tasks to support the ongoing management and development of the division.

Skills requirement:  

• A good understanding of various Private Equity Fund structures and the administration and accounting of

these structures.

• A sound working knowledge of fund valuations and accounting practices and standards, particularly IFRS,

and ILPA.

• Sound knowledge and understanding of back-office systems. Investran, eFront and Paxus is beneficial.

• Demonstrated ability to work in a pressurised environment.

• Be familiar with Funds services controls and procedures to ensure compliance and minimise risk.

• Have had exposure to managing a team; and

• An ability to constantly challenge and look to improve the daily operation.

• Have a confident, professional and an enthusiastic approach when dealing with clients and intermediaries of

the business.

• Management capability with a practical hands-on approach and the ability to ‘get things done’. 

• Leads by example

• Be able to communicate clearly with staff and senior management; and

• Work collaboratively and effectively within the Closed Ended (SA) team as well as other departments within

APEX.  

Personal characteristics:

• A real ‘can do’ attitude and thrives in an environment of opportunity, confidence and hunger for growth.

• Sets and achieves very high levels of performance and continually strives for personal improvement in all

that they do.

• Has the ability to challenge decisions and frameworks, but also the ability to accept and implement

decisions as instructed from a higher authority and to work within established frameworks to achieve desired

results; and

• Will take accountability for their actions.

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.