Senior Manager - Fund Accounting & Compliance
Sira Alternatives · Mumbai, India
FULL TIME
Job Description
SIRA ALTERNATIVES · SEBI CATEGORY II AIF Fund Accounting & Compliance Manager / Senior Manager · Mid-to-Senior
About Sira Alternatives : Sira Alternatives is an AI-native alternatives firm establishing a SEBI Category II AIF — target corpus ₹1,250 crore, with a substantial anchor commitment from the founding team — to provide bespoke, high-conviction credit to India’s high-growth mid-market, where traditional financing falls short. We back businesses with strong promoters, clear exit paths and a need for patient, structured capital. Sector agnostic, with a preference for healthcare & pharma, the data center value chain, education, sustainability and industrials. Our DNA is in large, complex transactions where management has to actively create equity value — through operational improvement, strategic consolidation, or a well-executed transition to public markets.
Position: Manager / Senior Manager – Fund Accounting & Compliance Function: Finance · Fund Accounting · Regulatory Compliance Level : Mid-to-Senior individual contributor (with scope to build a team) Reporting to: Finance leadership / Managing Partner Location : Bandra Kurla Complex (BKC), Mumbai Qualification : Chartered Accountant (ICAI), qualified. Additional qualification of CS preferable Experience: Minimum 7 years in fund accounting of AIFs in India Compensation : Competitive; commensurate with experience
THE ROLE As the fund scales, we are seeking a qualified senior individual to own the fund accounting and regulatory compliance function end-to-end — from books and NAV through financial reporting, audit, taxation and SEBI compliance. This is a hands-on, high-ownership role in a lean, fast-moving environment, with clear scope to shape processes and controls and to build a team over time.
KEY RESPONSIBILITIES:
Fund Accounting & NAV •
Own end-to-end fund accounting for the AIF and its schemes, maintaining books of account in line with Ind AS and the fund's accounting policies. •
Prepare, review and finalize periodic NAV computations; validate portfolio valuations, income and interest accruals, fee accruals and expense allocations. •
Maintain investment registers, investor capital accounts and capital-account statements; account for drawdowns, investments and distributions across instruments (structured credit and growth). •
Compute and review management fees, hurdle/carry and performance-fee mechanics, and distribution waterfalls.
Financial Reporting & Audit •
Prepare quarterly and annual financial statements of the fund and trust, and supporting schedules and management MIS/dashboards. •
Own the annual PPM compliance audit and coordinate statutory, internal and tax audits; act as primary liaison with auditors and close observations. •
Prepare Quarterly Compliance Reports (QCR), trustee reports and periodic returns with accuracy and on time.
Regulatory & SEBI Compliance •
Ensure ongoing compliance with the SEBI (AIF) Regulations, 2012, the PPM, Trust Deed, Investment Management and Contribution Agreements and other fund documents. •
Maintain the compliance calendar and prepare/file periodic regulatory reporting and filings with SEBI and other authorities as applicable. •
Monitor investment conditions and restrictions (investment limits, concentration, tenure, leverage) and proactively flag potential breaches. •
Support KYC / AML / CFT obligations for investors and coordinate with legal counsel and compliance advisors on regulatory developments.
Taxation •
Manage fund- and investor-level taxation, including income characterization, withholding-tax and issuance of investor tax statements (Form 64C / 64D, as applicable under the pass-through regime). •
Coordinate income-tax filings, TDS and GST compliance as applicable to the fund and manager.
Investor Operations & Reporting •
Support capital calls and drawdown notices, distribution computations and periodic investor statements and reporting. •
Respond to LP and investor queries on accounting, tax and compliance matters with accuracy and professionalism.
Service Providers, Controls & Process •
Manage relationships with fund administrators, custodians, RTAs, bankers, tax advisors and auditors; oversee outsourced deliverables and controls. •
Establish and continuously improve accounting processes, SOPs and internal controls; drive automation of NAV, reconciliation and reporting workflows. •
Support new scheme/fund launch — account opening, service-provider onboarding and design of operational flows and controls.
QUALIFICATIONS & EXPERIENCE: •
Chartered Accountant (ICAI), qualified
— strong academic record preferred. Company Secretary as an additional qualification (preferable). •
Minimum 7 years' experience
in fund accounting of Alternative Investment Funds (AIFs) in India, ideally across Category I and/or II funds. •
Hands-on experience with NAV computation, fund financial statements, SEBI AIF regulatory reporting and audit coordination. •
Working knowledge of Ind AS, the SEBI (AIF) Regulations and income-tax provisions relevant to AIFs (including the section 115UB pass-through regime).
TECHNICAL SKILLS: •
Strong command of fund-accounting principles, Ind AS and the AIF regulatory framework. •
Proficiency with fund administration / accounting systems (e.g., Geneva or equivalent) and advanced MS Excel; familiarity with reporting automation an advantage. •
Sound understanding of capital calls, drawdowns, distribution waterfalls, and management- and performance-fee computation.
WHAT WE'RE LOOKING FOR: •
High ownership, precision and a control mindset — comfortable being accountable for the numbers. •
Strong stakeholder management and clear written and verbal communication. •
Adaptable and hands-on, able to thrive in a lean, entrepreneurial fund-launch environment. •
A builder — able to set up processes now and mentor a small team as the fund scales.
About Sira Alternatives : Sira Alternatives is an AI-native alternatives firm establishing a SEBI Category II AIF — target corpus ₹1,250 crore, with a substantial anchor commitment from the founding team — to provide bespoke, high-conviction credit to India’s high-growth mid-market, where traditional financing falls short. We back businesses with strong promoters, clear exit paths and a need for patient, structured capital. Sector agnostic, with a preference for healthcare & pharma, the data center value chain, education, sustainability and industrials. Our DNA is in large, complex transactions where management has to actively create equity value — through operational improvement, strategic consolidation, or a well-executed transition to public markets.
Position: Manager / Senior Manager – Fund Accounting & Compliance Function: Finance · Fund Accounting · Regulatory Compliance Level : Mid-to-Senior individual contributor (with scope to build a team) Reporting to: Finance leadership / Managing Partner Location : Bandra Kurla Complex (BKC), Mumbai Qualification : Chartered Accountant (ICAI), qualified. Additional qualification of CS preferable Experience: Minimum 7 years in fund accounting of AIFs in India Compensation : Competitive; commensurate with experience
THE ROLE As the fund scales, we are seeking a qualified senior individual to own the fund accounting and regulatory compliance function end-to-end — from books and NAV through financial reporting, audit, taxation and SEBI compliance. This is a hands-on, high-ownership role in a lean, fast-moving environment, with clear scope to shape processes and controls and to build a team over time.
KEY RESPONSIBILITIES:
Fund Accounting & NAV •
Own end-to-end fund accounting for the AIF and its schemes, maintaining books of account in line with Ind AS and the fund's accounting policies. •
Prepare, review and finalize periodic NAV computations; validate portfolio valuations, income and interest accruals, fee accruals and expense allocations. •
Maintain investment registers, investor capital accounts and capital-account statements; account for drawdowns, investments and distributions across instruments (structured credit and growth). •
Compute and review management fees, hurdle/carry and performance-fee mechanics, and distribution waterfalls.
Financial Reporting & Audit •
Prepare quarterly and annual financial statements of the fund and trust, and supporting schedules and management MIS/dashboards. •
Own the annual PPM compliance audit and coordinate statutory, internal and tax audits; act as primary liaison with auditors and close observations. •
Prepare Quarterly Compliance Reports (QCR), trustee reports and periodic returns with accuracy and on time.
Regulatory & SEBI Compliance •
Ensure ongoing compliance with the SEBI (AIF) Regulations, 2012, the PPM, Trust Deed, Investment Management and Contribution Agreements and other fund documents. •
Maintain the compliance calendar and prepare/file periodic regulatory reporting and filings with SEBI and other authorities as applicable. •
Monitor investment conditions and restrictions (investment limits, concentration, tenure, leverage) and proactively flag potential breaches. •
Support KYC / AML / CFT obligations for investors and coordinate with legal counsel and compliance advisors on regulatory developments.
Taxation •
Manage fund- and investor-level taxation, including income characterization, withholding-tax and issuance of investor tax statements (Form 64C / 64D, as applicable under the pass-through regime). •
Coordinate income-tax filings, TDS and GST compliance as applicable to the fund and manager.
Investor Operations & Reporting •
Support capital calls and drawdown notices, distribution computations and periodic investor statements and reporting. •
Respond to LP and investor queries on accounting, tax and compliance matters with accuracy and professionalism.
Service Providers, Controls & Process •
Manage relationships with fund administrators, custodians, RTAs, bankers, tax advisors and auditors; oversee outsourced deliverables and controls. •
Establish and continuously improve accounting processes, SOPs and internal controls; drive automation of NAV, reconciliation and reporting workflows. •
Support new scheme/fund launch — account opening, service-provider onboarding and design of operational flows and controls.
QUALIFICATIONS & EXPERIENCE: •
Chartered Accountant (ICAI), qualified
— strong academic record preferred. Company Secretary as an additional qualification (preferable). •
Minimum 7 years' experience
in fund accounting of Alternative Investment Funds (AIFs) in India, ideally across Category I and/or II funds. •
Hands-on experience with NAV computation, fund financial statements, SEBI AIF regulatory reporting and audit coordination. •
Working knowledge of Ind AS, the SEBI (AIF) Regulations and income-tax provisions relevant to AIFs (including the section 115UB pass-through regime).
TECHNICAL SKILLS: •
Strong command of fund-accounting principles, Ind AS and the AIF regulatory framework. •
Proficiency with fund administration / accounting systems (e.g., Geneva or equivalent) and advanced MS Excel; familiarity with reporting automation an advantage. •
Sound understanding of capital calls, drawdowns, distribution waterfalls, and management- and performance-fee computation.
WHAT WE'RE LOOKING FOR: •
High ownership, precision and a control mindset — comfortable being accountable for the numbers. •
Strong stakeholder management and clear written and verbal communication. •
Adaptable and hands-on, able to thrive in a lean, entrepreneurial fund-launch environment. •
A builder — able to set up processes now and mentor a small team as the fund scales.
Details
| Company | Sira Alternatives |
| Location | Mumbai, India |
| Type | FULL TIME |
| Niche | general |