Senior Associate 1

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

Certainly! Here’s a refined and professionally worded version of your message, with a polite tone suitable for sharing internally or on a job board:

• Role: Hedge Fund Accounting
• 📍 Location: Gandhinagar (GIFT City), India
• 🕓 Shift Timings: As per business requirements

We are currently seeking a seasoned professional to join our Fund Services team in the capacity of Assistant Vice President – Hedge Fund Accounting. The successful candidate will collaborate closely with Client Service Managers to support the administration of Alternative Investment Funds (Category III – AIFs) registered with IFSCA.

Candidates should possess at least 9 years of relevant experience in AIF administration, including fund accounting, valuations, and NAV computations in alignment with SEBI and IFSCA guidelines. A strong understanding of performance fee calculations based on series and equalization accounting is essential.

📌 Reporting Line: This position reports directly to the VP – Hedge Fund Accounting.

About Apex Group
The Apex Group is a global financial services provider with over 10,000 employees across 50+ offices worldwide. We pride ourselves on cultivating a culture of excellence and inclusivity. Our employees are instrumental in shaping who we are and how we grow—and we’re committed to helping every team member reach their full potential.

Key Responsibilities:

• Manage daily workflow planning, scheduling, and delivery of client requirements
• Review and prepare daily/monthly NAVs for Category III AIFs
• Perform and reconcile cash, position, and market value activities; resolve discrepancies promptly
• Review portfolio pricing in accordance with SEBI/IFSCA regulations and assess any exceptions
• Ensure accurate booking and reconciliation of corporate actions
• Accrue and amortize non-security related fees, including management and financing expenses
• Process manual transactions including OTC derivatives and associated cash flows
• Communicate effectively with clients to provide reports, estimates, NAVs, and resolve queries
• Book capital activity and finalize month-end NAVs along with investor-level allocation reports
• Support audit processes and the preparation of financial statements
• Assist in compliance with IFSCA regulatory obligations
• Participate in internal projects such as automation initiatives and process migrations
• Liaise with internal and external stakeholders including auditors, pricing teams, and client services
• Monitor deliverables to ensure adherence to SLAs and high-quality standards

Skills & Experience:

• Minimum of 3 years’ experience in Alternative Investment Funds (Category III) and domestic mutual funds
• Strong grasp of asset class valuation: equities, derivatives, fixed income, and unlisted securities
• Hands-on experience with performance fee calculations and series/equalization methodologies
• Educational qualifications: M.Com, CA, MBA (Finance), or CFA preferred
• Familiarity with Paxus is highly advantageous
• Proficiency in general ledger systems and advanced MS Excel functions
• Exceptional attention to detail and problem-solving abilities
• Strong communication and client-facing skills
• Willingness to work extended hours when needed
• Proven leadership abilities in team management and 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.