Description:
The Apex Group is a global financial services provider with 3,000 staff across 40+ offices globally. We look to recruit bright, articulate and numerate personnel who unafraid of a challenge and are prepared to work hard and love what they do. We provide an internal training and evaluation programme that will ensure you are equipped with the right experience and qualities to work with Apex's clients.
Life at Apex isn't just about the work you do, it's about embracing the culture and loving what you do. Every employee plays a part in making Apex who we are today and the more that we grow, the more important that becomes. Whatever your career path or specialism Apex ensures it rewards loyal and dedicated employees. The international nature of our business and global network of offices means that there are opportunities to broaden your life experiences and take both short-term or permanent relocation options.
Job Specification
- The individual will be responsible for the review of monthly and quarterly net asset value deliverables for various Private Equity and Hybrid funds, including positions and cash reconciliations, accruals, fee calculations, hedging, and structure consolidations.
- Reviewing calculations and accruals related to debt investments, including interest, delayed compensation, and other fee accruals in line with facility agreements.
- Reviewing and creating carried interest and management fee calculations in line with fund LPAs.
- Working with the Managers, person will be responsible for the oversight of and development of junior staff.
- Responsible for the preparation and completion of the audit process for assigned relationships.
- A strong understanding of the systems used and will be responsible for the consistency and accuracy of deliverables to assigned relationships.
- Reviewing partner allocations for consistency with the LPA of the relevant fund.
- Calculation and review of allocations for capital events, including equalisation events at subsequent closings, in line with the LPA of the relevant fund.
- Releasing of Net Asset Value (NAV’s) to public bodies such as Bloomberg and Irish Stock Exchange where required.
- Assist with the training of new colleagues.
- Verification of trades against Investment Manager and Broker references.
- Verification of pricing of all portfolio investment instruments to relevant supporting materials.
- Processing daily cash transactions and activity.
- Cash and Asset reconciliations to Custodial Services, Brokers, and Investment Managers.
- Investigating any discrepancies which may occur and achieving resolutions.
- Ensuring Client concerns and queries are addressed in a timely and efficient manner.
- Receive and respond to Audit queries.
- Ensure effective communication with colleagues and corresponding departments.
Skills Required
- Extensive and proven fund accounting experience.
- Some experience at team lead or supervisory level preferred.
- Experience with general ledger accounting, with demonstrated attention to detail and accuracy, analytical, technical, organisational, and problem solving skills.
- Private Equity fund accounting experience, with demonstrated knowledge of fund types and life-cycle events.
- Experience using the PE accounting system Investran preferred.
- Experience using the Hedge accounting system SS&C/Advent Geneva preferred.
- Strong computer skills, including proficiency with the Microsoft Office suite of programs, particularly Excel, Word, and Outlook.
- Proficiency in advanced Excel functions.
- Excellent communication and inter-personal skills.
- Attention to detail with strong organisational skills.
- An ability to think critically and objectively.
- Experience working with an investment management or finance-related firm preferred.
- A general knowledge of the investment industry and/or fund accounting experience preferred.
- Educated to degree level (or overseas equivalent).
- An excellent communicator with strong inter-personal skills.
- Flexible and willing to work additional hours as needed.