Fund Account Manager - Private Equity with Apex in Bahrain

Apex, a leading global provider of fund administration and operational services, is seeking to hire a Fund Account Manager specializing in Private Equity for its office in Manama, Bahrain. This position represents an excellent opportunity for ambitious finance professionals to join a dynamic and evolving work environment at the heart of one of the Gulf region's emerging financial hubs.

Job Description and Key Responsibilities

The Fund Account Manager will be integrated into a specialized team delivering high-quality accounting and administrative services to investment funds, with a particular focus on private equity funds. Core responsibilities will include:

• Full Cycle Fund Accounting: Overseeing all daily, monthly, and annual accounting operations for assigned funds, including journal entries and account reconciliations.
• Financial Reporting: Preparing periodic financial statements (balance sheets, income statements, cash flow statements) for funds and their underlying portfolio companies, ensuring compliance with International Financial Reporting Standards (IFRS) or other applicable standards.
• Investment Valuation: Calculating and tracking the valuation of the fund's portfolio investments in private companies, coordinating with investment managers and external valuation agents.
• Distribution and Capital Call Management: Accurately calculating and processing investor distributions and capital calls in a timely manner.
• Stakeholder Communication: Acting as a primary point of contact for the fund manager, external auditors, investors, and custodial banks, addressing their financial and accounting queries.
• Compliance and Control: Ensuring all processes comply with local and international regulations and the fund's governing legal agreements (LPA).
• Systems and Technology: Working proficiently with specialized fund accounting software (such as eFront, Investran, or similar) and Microsoft Office suite, particularly advanced Excel.

Qualifications and Essential Requirements

To be a successful candidate for this opportunity, you should meet the following criteria:

• Educational Background: A Bachelor's degree in Accounting, Finance, or a related field. Professional qualifications such as CPA, ACCA, or CMA are a significant advantage.
• Work Experience: A minimum of 3 to 5 years of experience in fund accounting, with a strong and clear focus on the Private Equity sector. Previous experience in fund administration companies or major accounting firms serving the fund industry is highly preferred.
• Technical Knowledge: In-depth understanding of International Financial Reporting Standards (IFRS) and accounting principles related to complex investments and financial instruments.
• Soft Skills: Excellent analytical and problem-solving abilities, meticulous attention to detail and accuracy, and the capacity to manage time and work under pressure to meet deadlines. The candidate must possess effective written and verbal communication skills in both Arabic and English.
• Adaptability: Ability to work collaboratively within a team, as well as independently with minimal supervision.

Why Work for Apex in Bahrain?

Apex offers a stimulating work environment that supports professional growth. The Manama office is located in the Bahrain Bay area, a nucleus for financial services in the Kingdom, providing a rich professional network and development opportunities. The company also offers a competitive benefits package for qualified employees.

How to Apply for the Position

Applications for this role are accepted exclusively through the Naukrigulf platform. Please visit the original job listing on the platform and search for the position titled "Fund Account Manager - Private Equity jobs in Apex in Manama - Bahrain". Ensure your Curriculum Vitae (CV) is updated to highlight your specific experience in private equity fund accounting, mentioning relevant achievements and metrics. Attach a concise cover letter outlining your interest in the role and why you are the suitable candidate.

Given the competitive nature of this field, it is advisable to apply as soon as possible after the posting date.