Vice President - Finance

Location: Mumbai

Role Overview:

Vice President Finance will lead end-to-end fund accounting, NAV management, investor reporting, compliance oversight, and financial governance for SEBI-registered Alternative Investment Funds (Category I & II). The role requires strong expertise in AIF regulations, fund structuring, complex drawdown/distribution mechanisms, and audit coordination.

This is a leadership role requiring strategic oversight, operational excellence, and regulatory precision.

Key Responsibilities:

1. Fund Accounting & NAV Oversight

- Oversee accurate and timely computation of NAVs for AIF schemes.

- Review capital call, drawdown, and distribution workings.

- Ensure proper accounting of investments (equity, CCDs, debt instruments, structured deals).

- Supervise waterfall calculations and carried interest computations.

- Review fair valuation workings in line with valuation policy and regulatory requirements.

2. Financial Reporting

- Finalize quarterly and annual financial statements of AIF schemes.

- Ensure compliance with Indian GAAP / Ind AS (as applicable).

- Coordinate statutory audit, internal audit, and fund audit.

- Oversee preparation of investor financial statements and capital account statements.

- Finalize the books of accounts of AMC.

3. Regulatory & Compliance

- Ensure compliance with Securities and Exchange Board of India (SEBI) AIF Regulations.

- Oversee regulatory filings and reporting requirements.

- Coordinate with trustee, custodian, and compliance officer.

- Ensure alignment with fund documentation (PPM, Contribution Agreements, etc.).

4. Investor Reporting & Stakeholder Management

- Lead preparation of quarterly investor reports.

- Manage investor queries related to fund performance, capital statements, and distributions.

- Interface with Fund Administrator (if outsourced) and ensure SLA adherence.

- Present financial updates to Investment Committee / Board.

5. Treasury & Banking

- Oversee fund bank accounts, capital inflows, and deployment.

- Monitor cash flow planning for drawdowns and exits.

- Review escrow and transaction-related fund flows.

6. Controls & Governance

- Establish and strengthen internal financial controls.

- Drive automation in fund accounting systems.

- Implement best practices for audit trail and documentation.

- Lead risk mitigation for accounting errors or regulatory exposure.

7. Team Leadership

- Lead and mentor fund accounting team.

- Build scalable processes as AUM grows.

- Coordinate cross-functionally with legal, compliance, tax, and investment teams.

Key Skills & Competencies:

- Deep understanding of AIF structures (Category I & II)

Expertise in:

- Capital call & distribution waterfall models

- Carried interest calculations

- Investment fair valuation

- Complex financial instruments accounting

- Strong knowledge of SEBI regulations

- Experience working with Trustees, Custodians & Fund Administrators

- High attention to detail and governance mindset

- Strong leadership and stakeholder management skills

Experience Required:

- 15+ years (with minimum 8-10 years in AIF / PE / VC / Investment Fund Accounting)

Preferred Qualifications:

- CA (Mandatory)

- CFA (Preferred)

- Experience in PE / VC / Real Estate Funds / Credit Funds

- Experience handling funds with AUM - 1000+ Cr

Key Performance Indicators (KPIs):

- 100% regulatory compliance

- Zero material audit qualifications

- Timely NAV and investor reporting

- Process automation & efficiency improvement

- Strong internal control framework