Assistant Vice President 1 - Fund Administration

About the role

Apex Group, a fund administration and middle office solutions provider founded in Bermuda in 2003, is hiring an Assistant Vice President 1. The role covers the detailed review of periodic net asset value (NAV) calculations, fund account oversight and client reporting, with supervision of fund accountants.

Key responsibilities

• Detailed review of the reconciliation and calculation of periodic (daily, weekly, monthly) NAVs for various funds
• Reconcile investment portfolios, dividends and interest, corporate actions and investor capital activity
• Communicate with the investment manager and investors on all aspects of the accounts operation
• Update accounting and client relationship management systems, verify statistical information, prepare financial statements and work with external auditors
• Provide daily reporting of estimates/NAVs and query resolutions to clients
• Oversight of fund accountants and their assigned relationships, ensuring timely and accurate NAV calculation and client-specific reporting
• Liaise daily with investment managers, brokers, custodians and investors
• Support audits by preparing financial statements, completing audit reviews and tracking issues to closure
• Answer client enquiries to Apex service standards, ensure regulatory and fund specification compliance, and meet internal reporting and MIS deadlines
• Monitor deliverables for SLA and accuracy compliance, ensure accurate internal revenue reporting, and plan and manage daily workflows
• Supervise, train and recruit accounting staff, delegate work effectively and communicate with colleagues and departments

Required profile

• 10 years of relevant experience in hedge fund administration, NAV calculation or a related field
• Good knowledge of the fund industry
• University degree in Accounting, Finance, Business or Economics, or ACCA/ICAEW qualification
• Ability to work additional hours as needed

Required skills

• General ledger accounting
• Advanced Excel functions
• Familiarity with the Paxus accounting system is a major plus
• Team management, critical thinking and excellent communication skills