Manager - Middle Office (Hedge Funds) at Apex Group

Description

We are seeking a Manager for our Middle Office (Hedge Funds) team. The primary focus of this role is to oversee the Middle Office operations for South African hedge funds, ensuring the creation of Daily Soft NAVs and reconciling funds to the fund accounting and prime broker records. The role will also be responsible for generating SLA reports senior management, managing staff-related matters, and ensuring even distribution of tasks across the team. Additionally, the role includes calculating revenue and managing associated staff and system costs.

Job specification

Operational Oversight:

• Oversee the creation and accuracy of Daily Soft NAVs.
• Ensure thorough reconciliation of fund information from fund managers with prime brokers.
• Supervise end-of-month NAV reconciliation with fund accounting.
• Develop and implement automated solutions to improve efficiency.

Reporting and Analysis:

• Generate SLA reports for Senior Management.
• Calculate revenue and FTE for the Middle Office team.
• Analyse operational metrics to identify areas for improvement.

Team Management and Development:

• Oversee and authorize staff-related matters, including timesheets and performance objectives.
• Ensure tasks are distributed evenly across the team.
• Mentor and train junior team members, with a focus on process improvement and automation.
• Conduct performance reviews and provide feedback to team members.

Client and Stakeholder Interaction:

• Act as a senior point of contact for clients regarding NAV queries and reconciliations.
• Collaborate with fund managers, prime brokers, and fund accountants to resolve discrepancies.
• Ensure all SLAs are met and maintain high standards of client service.

Skills Required:

• Bachelor’s Qualification in Accounting or Finance.
• Minimum of 5 years’ experience in the fund industry.
• Strong knowledge of NAV calculation and reconciliation processes.
• Proven experience in process automation and efficiency improvements.
• Excellent communication and organizational skills.
• Strong analytical and problem-solving skills.
• Ability to mentor and develop team members.
• Ability to prioritize work and meet strict deadlines.
• Motivated and driven with a proactive approach to work.
• Experience in preparing and analyzing operational reportsdin
• Fund-related accounting experience.
• Knowledge of regulatory requirements, including Anti-Money Laundering laws.
• Familiarity with Hedge Funds and fund accounting 

What you will get in return:

• A genuinely unique opportunity to be part of an expanding large global business.
• Competitive remuneration commensurate with skills and experience.
• Training and development opportunities.