Assistant Manager - Hedge Funds

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

Description

The Assistant Manager role involves monitoring and controlling the service as delivered by their team of Senior Fund Accountants and Fund Accountants throughout the contract with the client, to ensure that:

• Identify the training and development needs of his/her team;
• Mentor team members;
• Perform a thorough review of valuations up to final sign-off stage;
• Ensure service levels are maintained and
• Liaise with clients and assist with the implementation of new processes and procedures.

Job specification

The brief description outlined above will involve the following specific duties: The brief description outlined above will involve the following specific duties:

• Planning and controlling team workload and workflow;
• Provide informal on the job training for team members;
• Liaise with the other departments in respect of issues affecting the output of the supervisor’s team;
• Ensure that Accounting and Valuations procedures are correctly followed by the team under their supervision;
• Ensure that Net Asset Value calculations are prepared in a timely, efficient and accurate manner;
• Review valuations up to final sign-off stage;
• Ensure that valuation reports are sent to clients within agreed deadlines;
• Resolve client queries timeously;
• Provide fund auditors with required information and explanations as requested;
• Suggest and implement valuation procedure and process improvements; Ensure that all filing for the section is kept up to date and is performed in a neat and orderly manner.
• Responsible for Fund Accounting;
• Pricing;
• Manual excel NAV file verification roll forward;
• Security position and price review;
• Cash and interest reconciliation;
• Reporting;
• 3rd Party validation;
• Calculation of income distribution and
• Management fee reporting on the Alusi Fund.

Skills Required:

• Commerce degree or diploma with at least Financial Accounting 2;
• At least 5 years related experience;
• Proficient in MS Excel;
• Hedge fund industry knowledge.
• Necessary management and interpersonal skills to manage a team of fund accountants;
• Thorough knowledge of the fund valuation process and all elements thereof;
• A high level of attention to detail and accuracy in order to review valuations and ensure a high level of quality in the output of the Accounting and Valuations function;
• Effective time management skills to achieve deadlines;
• A high level of problem-solving skills and
• Exceptional communication skills.