Account Manager - Hedge Fund Accounting

at  LRI Invest

Description
Associate Vice President (AVP)/ Account Manager- Fund Accounting
Segment: Open Ended Hedge Fund Accounting
Location: Dubai, United Arab Emirates
We are currently looking for a Associate Vice President (Account Manager) to support our growing operations in the Fund Administration department. This role requires excellent management of client deliverables.
Responsible for working along with a growing a team of Account Managers, Senior Fund Accountants, Fund accountants involved in the areas of NAV calculation, Shareholder Reporting and Compliance from Dubai office, Apex Global Support Centers or any other Apex location.
The Account Manager/ AVP will be primarily responsible for the planning, scheduling and managing the daily workflows of all client deliverables such as NAV computation, Transfer Agency or Audit. To actively collaborate with the extended team at Global Support Centers.
The candidate will also be heavily involved in the implementation of the take-on process of new clients, which will involve review of PPMs, various agreements, setting up of NAV reporting packages suitable to the client’s requirements, set up on PFS Paxus (and/ or any other system) and initial NAV calculations.
All work carried out will require detailed reviews for correctness and adherence to Apex policies and procedures. To become conversant with PFS Paxus software (or any other software, as required). To maintain the client relationship, take responsibility for co-ordination of regulatory reporting, audit preparation, and due diligence requirements. To prepare and/or review MIS reporting required by Senior Management or Apex Group.
Job Responsibilities:

The role duties and responsibilities will include but not limited to the following:

• Assist in the NAV preparation and review process for our Hedge Fund clients including management of the entire process
• Timely delivery of any other client specific reporting requirements
• Planning, scheduling and managing the daily workflows of all client deliverables within the team
• Responsible for accruing/amortizing daily or monthly non-security related Fee accruals including management fees, performance fees and financing accruals
• Assist in the preparation and review of subscription, redemption pack and ensuring timely communication with investors of the funds
• Assist in the preparation and review of financial statements & liaising with auditor as required and managing the entire audit process
• To ensure timely and accurate preparation of distribution calculations, tax statements and liaising with the tax advisor of the fund
• Monitoring and review of the payments to be initiated for the client
• Ensuring client enquiries are answered in accordance with Apex service standards on an ongoing basis
• Ensuring compliance with regulatory requirements and other requirements of the funds specifications
• Ongoing Implementation and refinement of SSAE 18 controls along with coordination with internal auditors and external SSAE auditors

Additional Responsibilities:

• Actively cross selling our suite of services to our client base
• Assisting in the development of new & existing global client relationships, optimizing service offerings, productivity and profitability
• Ensuring adherence to documented procedures and policies
• Work on the integration of large fund administration mandates
• Working on ad hoc internal and global projects (as required)
• First point of contact for internal and external audit, tax returns and compliance queries
• Facilitate the flow of information between Senior Management and Operations team on a timely basis

Skills Required:

• 7-9 years’ experience in a similar role incorporating the above functions
• An ability to work to and meet agreed deadlines
• Understanding of US GAAP & IFRS reporting standard for various fund structures
• An understanding of complex fund structures and fund accounting to act as subject matter expert
• Strong PC skills including Word, Excel and Macros in Excel (Experience on Paxus an advantage)
• M.com/MBA – Finance/CFA
• An accountancy qualification (such as ACCA, CA) is an advantage
• Knowledge and in-depth understanding of various types of financial securities such as Equity, Bonds, Futures, Options, Sukuks, CDS, CFDs etc. and their accounting treatment.
• A high degree of commercial awareness and client service focus
• Prior experience working in the industry.
• Strong leadership skills and supervisory experience of other professionals
• Excellent organizational and communication skills and the ability to work on own initiative consistently producing accurate and timely work.
• Good interpersonal skills to develop working relationships with colleagues, clients, other functions and professional intermediaries.
• Demonstrated ability to automate processes
• Knowledge of investor KYC and AML requirements
• Familiarity with Paxus is a major plus.
• An ability to think critically and objectively.
• Multi-tasking and problem-solving skills.
• Proficiency in advanced Excel functions is a plus
• Work additional hours as needed.
• Organised, accurate and willing to learn and take on new tasks.

About Apex
The Apex Group is a global financial services provider with 13,000 staff across 80+ 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

The role duties and responsibilities will include but not limited to the following:

• Assist in the NAV preparation and review process for our Hedge Fund clients including management of the entire process
• Timely delivery of any other client specific reporting requirements
• Planning, scheduling and managing the daily workflows of all client deliverables within the team
• Responsible for accruing/amortizing daily or monthly non-security related Fee accruals including management fees, performance fees and financing accruals
• Assist in the preparation and review of subscription, redemption pack and ensuring timely communication with investors of the funds
• Assist in the preparation and review of financial statements & liaising with auditor as required and managing the entire audit process
• To ensure timely and accurate preparation of distribution calculations, tax statements and liaising with the tax advisor of the fund
• Monitoring and review of the payments to be initiated for the client
• Ensuring client enquiries are answered in accordance with Apex service standards on an ongoing basis
• Ensuring compliance with regulatory requirements and other requirements of the funds specifications
• Ongoing Implementation and refinement of SSAE 18 controls along with coordination with internal auditors and external SSAE auditor

Additional Responsibilities:

• Actively cross selling our suite of services to our client base
• Assisting in the development of new & existing global client relationships, optimizing service offerings, productivity and profitability
• Ensuring adherence to documented procedures and policies
• Work on the integration of large fund administration mandates
• Working on ad hoc internal and global projects (as required)
• First point of contact for internal and external audit, tax returns and compliance queries
• Facilitate the flow of information between Senior Management and Operations team on a timely basi