Manager - Offshore Hedge Fund Accounting

Description

Recruitment for a Manager Offshore Fund Accounting

Apex Group Ltd., established in Bermuda 2003, is a global financial services provider. With 85 offices in 42 countries worldwide and 10,000 employees upon the close of announced acquisitions, Apex delivers and extensive range of services to asset managers, capital markets, privateclientsand family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in theindustry;including fund services, digital onboarding and bank accounts, depository, custody and superManCoservices, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies.

Apex Group includesFundRock, LRI and European Depository Bank. Fund administration is where our business started and the cornerstone of oursingle-source solutionoffering. Our current asset under administration is $3 trillion and continues to grow globally.

An opportunity has arisen for aManager Offshore Fund Accountingto join our Apex Cape Town office, based in the Foreshore.

Summary of the position

To manage the teams and all functional deliverables under the Offshore Fund Accounting business unit, the role will be focused, but not limited to, the following supervisory responsibilities that include: resource and task planning, recruitment of appropriate experienced staff to effectively discharge functional activities, resolve operational queries, review fund accountants daily/weekly/monthly deliverables, manage various third party expectations, escalate operational issues, while ensuring operational processes are followed and quality standards adhered to.

Apexis looking for aself-motivated andthoughtful, experiencedleader in theOffshore Fund Accountingspace tolead, recruit, supervise, appraise, train and coach Offshore Fund Accounting teams to maximize this business unit operational efficiencies. To achieve this, the individual will be required to assist with the design, implementation and maintenance of an operating model that continues to meet regulatory standards, obligations under fund prospectuses, client SLA terms, while adhering to quality standards. Apexis seeking an individual withextensiveindustry experienceand offshore fund accounting knowledge.

The position is a senior, full-time role which will report directly to the Senior Manager Offshore Fund Accounting.

Outline of main duties and responsibilities

Fund Accounting:

- Show thoughtful leadership in the practices and processes ofaccounting for offshore investmentfunds;
- Demonstrate a deep understanding of fund valuationsfor offshore open-ended investmentfunds;
- Motivate staff and identifytraining and developmentneeds;
- Ensure accurate calculation offund valuationsthroughoversight reviewsof cash and scrip reconciliations, expense accruals andreporting;
- Ensure inaccuraciesin fund valuations andNAV errors are identified, administeredinternally and communicated to clients and appropriatelyremediated;
- Perform valuation quality assurance reviews on a regular basis to ensure consistent quality of product outputbetweenteams;
- Ensurefund valuationsare administered in line withfund legal documentation,administrator policies andTCF principles

Operational Management:

- Setting up and maintaining a production schedule that provides for all Offshore Fund Accountingteamsfund valuationdeliverables;
- Plan the team member allocations to ensure all valuation activities and deliverablesforOffshore Fund Accounting teamsmeet SLAtimelines;
- Manage the Offshore Fund Accountingdailyoutput in accordance with daily/weekly/monthly valuations productionschedule;
- Monitor service deliveryofOffshore Fund Accounting teamstoSLAsand client expectations to ensure timely and accurate NAV calculationsare delivered and client queriesaddressed;
- Actively manage issues and risks to resolution for all escalated mattersinOffshore Fund Accountingteamin a timely and efficient manager, keeping theSenior Manager Offshore Fund Accountinginformed at alltimes;
- Co-coordinate and review all processes, checklists and controls pertaining to Offshore Fund Accounting teamsto ensure accuracy and completenessof processes and controls followed.
- Review operational processes periodically to ensurea smooth operation,adherence toqualitystandards and to identify processgaps and documentationrequiringupdates;
- Engage with senior specialists to identify,designand implement process efficiencies through automation of processes.
- Coordinate performance management of each team member,thatincludessettingupKPIsthatalignswithjob descriptions,focus onstaff development andprovideperformancefeedback;
- Participate and lead trainingto teams with the assistance of senior specialists (where needed)to allow knowledge share within theteams;
- Meet with other jurisdictions oversight managers monthly to discuss operational open items and client satis