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

Job Title: Fund Accounting / NAV Specialist – AIF Cat II (GIFT City)

Key Responsibilities

• Plan, schedule, and manage daily workflows for all client deliverables within the team.
• Prepare and review NAV calculations for AIF Category II funds on a daily, monthly, and quarterly basis.
• Finalize month-end NAV and generate Investor-level allocation reports.
• Handle performance fee calculations, including series and equalization accounting.
• Ensure smooth execution of all operational activities including:
  • Daily journal entries
  • Management fee calculations
  • Investment valuation
  • Financial and investor reporting
  • Ad hoc reporting
• Review and analyze portfolio pricing in line with IFSCA/SEBI guidelines and investigate pricing exceptions.
• Manage accruals/amortization for non-security-related items (management fees, financing costs, etc.).
• Communicate effectively with clients on NAVs, estimates, and query resolution.
• Book and review capital activity transactions.
• Ensure compliance with IFSCA/SEBI regulations for close-ended funds.
• Meet all SLAs for daily, weekly, monthly, and quarterly deliverables.
• Design and maintain process checklists to ensure accuracy and timeliness.
• Support regulatory reporting and audit requirements, including financial statement preparation.
• Contribute to projects such as automation, work migrations, and system conversions.
• Lead team activities including performance management, mentoring, and development.

Required Skills & Qualifications

• Strong experience in Alternative Investment Funds (Category II) and GIFT City funds.
• In-depth knowledge of valuation across asset classes: Equity, derivatives, debt, bonds, debentures, and unlisted securities
• Strong understanding of:
  • Performance and management fee calculations
  • Equalization and waterfall models
• Educational background: M.Com / CA / MBA (Finance) / CFA
• Experience with fund accounting systems like Efront, Allvue, or Paxus (preferred).
• Solid knowledge of general ledger accounting with attention to detail and accuracy.
• Advanced proficiency in MS Excel.
• Excellent communication and interpersonal skills (client-facing role).
• Strong analytical, organizational, and problem-solving abilities.
• Flexible to work extended hours when required.
• Experience in team management and people development.

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.

About Apex Group

We are dedicated to driving positive change in financial services while fuelling the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the asset serving industry through our investment in innovation and talent. Today, we set the pace in asset servicing and stand out for our unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals.

We’re a people-powered business, and our people are full of ambition. Together, we’re inspired to lead the new era of data and tech enabled service. Bringing new products and services to market. Sharpening our client focus. Disrupting the market to exceed expectations. Innovating across a range of specialisms. With our focus on making a difference to our people, our planet and our society, you’ll experience more here than you would at most other companies. Prepare to accelerate.

We’re a people-powered business with a vision to inspire a new era of service-led FinTech. We’re expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We’ll make sure the time and effort you put in takes you further, faster.

Positive change starts with you. We’re a people-powered business with a vision to inspire a new era of service-led FinTech. We’re expanding globally and offering more to our clients. This means you get more opportunities to grow with us. So prepare to accelerate. We’ll make sure the time and effort you put in takes you further, faster.

The journey is yours to own. When you stretch yourself, you grow. We want you to explore ways of working that will see you thrive as part of something bigger. We’ll help you with a solid structure, challenging projects, vibrant networks, supportive colleagues and approachable leaders. All the things you need to own your unique journey.

Find out more about us