Manger, Private Equity (VP level)

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 is unique in its ability to reach globally, service locally, and provide cross-jurisdictional services. With clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, now represented by over 13,000 employees across 112 offices worldwide.

Your career with us should reflect your energy and passion. At Apex Group, we do more than simply ‘empower’ you—we work to supercharge your unique skills and experience. Take the lead, and we’ll give you the support you need to be at the top of your game. We offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities—for our business, for clients, and for you.

About the Role

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

Responsibilities

• Fund and Investor Accounting:
  • 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/review LPAs, purchase/sales agreements, side letters, etc.
  • Coordinate and support the audit for both SSAE 16 audit and fund audit.
  • Support the tax team with information to prepare tax compliance/reports.
  • Assist with other regulatory reporting.
  • Respond to investor and partner queries (e.g., audit confirmation, investor cash flow, IRR analysis, etc.).
• Cash Forecasting and Budgeting:
  • Responsible for bank and brokerage reconciliations.
  • Assist with ad hoc financial analysis for clients.
  • Assist with credit facility drawdowns for the fund.
• Portfolio Accounting:
  • 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.

Requirements

• Bachelor’s degree in accounting/finance required.
• 6–10 years of professional experience (a mix of private and audit preferred).
• Minimum 3–6 years of direct Private Equity experience (Hedge Funds do not count as relevant experience).
• CPA preferred.
• Strong fund and partner accounting knowledge.
• Credit funds exposure.
• Portfolio accounting, complex investment structures preferred.
• Supervisory experience.
• Strong written and verbal communication skills.
• Highly motivated with ability to multitask.

Skills

• Experience in fund accounting with a focus on private equity.
• Knowledge of LPA 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.

Benefits

• A high level of visibility within a large organization on an upward trajectory.
• The ability to define processes to drive innovation and have a tangible impact on the business.
• Be part of a dynamic and fast-paced team that makes a genuine impact on revenue and sales pipeline.
• Exposure to all aspects of the business, cross-jurisdiction, and to working with senior management directly.
• Opportunity to work with a diverse, agile, and global team.
• The opportunity to innovate, bring discipline to brand activity, and make a difference.
• Four (4) days in-office requirement per week.

Pay

Salary ranges from USD $130,000 to USD $140,000. Compensation within this range is dependent on individual skills, experience, and qualifications.