Depositary Manager
Description
Designation - Depositary Manager
About the Company -
The Apex Group, the globally leading financial service provider, is currently seeking senior and junior financial Controllers to join us. At Apex Group, we offer comprehensive private equity services that span the entire fund lifecycle, supporting private equity funds in their business operations. We focus on implementing the highest quality service delivery and aligning that framework with the best technologies in the industry.
What we look for -
Apex Group is looking for a Depositary Manager in Stockholm to build a team delivering depositary services to Real Estate and Private Equity funds. The role requires cash flow monitoring, investment checks, NAV oversight, and client relationship management. Candidates should have 5+ years in a relevant role, strong industry knowledge
The Role & Key Responsibilities
- Build a team of approximately 3-4 Depositary staff, with the scope to grow further
- Manage the delivery of depositary services to a growing portfolio of Real Estate and Private Equity fund clients
- Ensure the daily Cash flow monitoring and reconciliation process is completed on a daily basis to include:
- Reconciliation of subscriptions and redemptions
- Identifying and recording new cash accounts
- Identifying and reconciling all cash flow movements
- Highlighting any significant or inconsistent cash flows
- Ensure that the Investment and Borrowing monitoring checks for assigned funds have been completed
- Ensure that any breaches and NAV errors identified are immediately reported to Depositary Management and logged
- Ensure that certain NAV Oversight reviews are completed as assigned, including: Cash and Stock Reconciliations, Distribution Reviews, TA Reconciliations, Failed Trades Checks, NAV Reviews
- Compile and update KPI and revenue reporting for submission to Management
- Ensure adherence to all policies & procedures and local laws and regulations
- Responsible for the Client relationship management for trustee / depositary clients;
- Responsible for the presentation of Depositary reports to the Board of Directors on a quarterly basis for trustee / depositary clients
- Assist in Sales/Business Development meetings for prospective trustee / depositary clients.
Skills Required and Qualifications -
- Preferably 5+ years of work experience in a depositary, fund accounting, Investment Manager or similar role. Exposure to Investment Compliance Monitoring would be a big advantage;
- Strong industry knowledge and financial services experience, with an understanding of the depositary’s role and responsibilities;
- Strong people management experience, along with hands-on management of driving teams and projects;
- Good interpersonal skills to develop strong working relationships with colleagues;
- Excellent organizational, time management, and communication skills;
- A strong attention to detail;
- Fluent in Swedish and English.