Manager Fund Accounting

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 uniquely reaches globally, serves locally, and delivers cross‑jurisdictional services. With our clients at the heart of everything we do, our dedicated team has driven unprecedented growth, represented by over 13,000 employees in 112 offices worldwide.

Your career with us should reflect your energy and passion.

The Manager Fund Accounting will work as part of a client‑servicing team, acting as an extension to the client’s finance organization and maintaining direct communication with clients.

• Prepare work paper files including investment activity, management fee calculations, IRR calculation, unrealized/realized waterfall calculations, etc.
• Review fund reimbursable expenses.
• Prepare capital call and distribution calculations, sources/uses of cash, allocations, and investor notices.
• Prepare fund financial statements with footnotes and supporting schedules.
• Prepare partner allocations and capital account statements.
• Understand and review LPAs, purchase/sales agreements, side letters, etc.
• Coordinate and support audit for both SSAE 16 and fund audits.
• Support the tax team with information to prepare tax compliance reports.
• Assist with other regulatory reporting.
• Responsible for investor and partner queries (e.g., audit confirmations, investor cash flow, IRR analysis).

• Responsible for bank and brokerage reconciliations.
• Assist with ad‑hoc financial analysis for clients.
• Assist with credit facility drawdowns for the fund.

• Track portfolio company transactions (purchases, income, liquidity).
• Understand complex investment structures (hold companies, blockers, tax withholding, etc.).
• Calculate investment IRR.
• Account for holding companies and blocker entities.

• Bachelor’s degree in accounting/finance required.
• 6‑10 years of professional experience (private and audit preferred).
• Minimum 3‑6 years of direct private equity experience (hedge funds do not count).
• CPA preferred.
• Strong fund and partner accounting knowledge.
• Credit funds exposure.
• Portfolio accounting and complex investment structures preferred.
• Supervisory experience.
• Strong written and verbal communication skills.
• Highly motivated with the ability to multitask.
• Special skills include:
  • Experience in fund accounting with a focus on private equity.
  • Knowledge of LPAs or other governing documents.
  • Experience with waterfall calculations.
  • Basic knowledge of Level 3 valuation methodologies.
  • Experience with audit process, including internal control and test of details.
  • Knowledge of US GAAP with an emphasis on investment partnerships.

Salary ranges from USD $90,000–$110,000, with additional market‑competitive variable, uncapped compensation based on performance. Compensation within this range depends on individual skills, experience, and qualifications.

We pride ourselves on fostering a connected and inclusive culture; all our opportunities at Apex require four (4) days in office per week.

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.