Assistant vice president (avp) - operations

Meenakshi Alternates · Hyderabad, India

Location: Mumbai, India

Reporting To: Chief Investment Officer (CIO)

About the Role

We are seeking an experienced and detail-oriented Assistant Vice President – Operations to

oversee the end-to-end operational management of our category II Alternative Investment

Fund (AIF) platform. The incumbent will be responsible for investor onboarding, regulatory

compliance, fund accounting, NAV computation, coordination with service providers, and

ensuring seamless day-to-day functioning of the fund.

The ideal candidate must possess a strong understanding of SEBI AIF Regulations, fund

operations, investor servicing, and financial reporting requirements, coupled with the ability

to work cross-functionally with internal teams and external stakeholders.

Key Responsibilities

1. Investor Onboarding & Investor Servicing

• Manage the end-to-end investor onboarding process for new investors, including

collection and verification of documentation.

• Coordinate and oversee KYC, AML, FATCA, and CRS requirements in accordance

with applicable regulations.

• Review subscription agreements, commitment documentation, and investor records to

ensure completeness and compliance.

• Maintain investor registers and ensure accurate record-keeping within the fund

administration system.

• Address investor operational queries and support investor reporting requirements.

2. Regulatory Compliance & SEBI Liaison

• Monitor compliance with the provisions of the SEBI (Alternative Investment Funds)

Regulations and other applicable regulatory requirements.

• Coordinate the preparation and submission of responses to SEBI queries, notices, and

information requests.

• Work closely with compliance consultants, legal advisors, and auditors to ensure

adherence to regulatory obligations.

• Assist in periodic regulatory filings and disclosures required under SEBI regulations.

• Maintain compliance calendars and track key regulatory deadlines.

3. Fund Accounting & Financial Operations

• Oversee fund accounting activities, ensuring accurate recording of all fund

transactions.

• Review capital call calculations, drawdowns, distributions, and carried interest

computations.

• Coordinate the preparation of periodic financial statements and reports.

• Liaise with auditors during statutory and internal audits and facilitate timely closure

of audit requirements.

• Monitor cash flows and ensure reconciliation of bank accounts and investment

transactions.

4. NAV Calculation & Reporting

• Prepare and/or review periodic Net Asset Value (NAV) calculations for the fund in

accordance with applicable valuation policies and regulatory guidelines.

• Coordinate with valuation agencies and investment teams to obtain accurate portfolio

valuations.

• Ensure the integrity and accuracy of investor-level reporting and capital account

statements.

• Support the preparation of quarterly and annual performance reports for investors and

management.

5. Fund Operations Management

• Manage the day-to-day operations of the fund, ensuring operational efficiency and

adherence to established processes.

• Develop and implement standard operating procedures (SOPs) and internal controls

for fund activities.

• Coordinate the execution of capital calls, investment funding, interest distributions,

and redemption-related activities (where applicable).

• Identify process improvement opportunities and drive automation initiatives within

the operations function.

• Support new fund launches and operational setup activities.

6. Stakeholder & Third-Party Management

• Act as the primary point of contact for external service providers, including fund

administrators, custodians, trustees, legal advisors, auditors, compliance consultants,

registrars, and valuation agencies.

• Monitor service delivery standards and ensure timely completion of deliverables by

third-party consultants.

• Facilitate effective communication between internal teams and external stakeholders

to support fund operations.

Qualifications & Experience

• Chartered Accountant (CA), MBA (Finance), CFA, Company Secretary (CS), or

equivalent professional qualification.

• 6–10 years of relevant experience in fund operations, fund accounting, AIF

administration, or financial services.

• Prior experience working with Alternative Investment Funds (AIFs), Private Equity

Funds, Venture Capital Funds, or Real Estate Funds will be preferred.

• Strong understanding of SEBI AIF Regulations, investor onboarding requirements,

and fund accounting principles.

• Experience in handling regulatory correspondence and responding to SEBI queries is

highly desirable.

• Familiarity with NAV computation methodologies and valuation processes.

• Proficiency in Microsoft Excel and financial reporting tools.

Key Competencies

• Strong analytical and problem-solving abilities.

• High attention to detail and accuracy.

• Excellent organizational and project management skills.

• Ability to manage multiple stakeholders and competing priorities.

• Strong written and verbal communication skills.

• Ability to work independently in a fast-paced and evolving environment.

• Integrity, ownership, and a proactive approach to execution.

About the fund:

Meenakshi Real Assets Fund (Registration No. IN/AIF2/25-26/1802) is a SEBI-registered

Category II Alternative Investment Fund sponsored by the Meenakshi Group. The Fund

focuses on real estate investment opportunities across tier 1 cities in India.

The Fund adopts a hybrid investment approach, deploying capital through both debt and

equity structures to capitalize on a broad spectrum opportunities. By leveraging flexible

investment strategies, the Fund seeks to generate attractive risk-adjusted returns while maintaining a disciplined approach to underwriting, risk management, and capital allocation.