Senior Manager - Fund Accounting & Compliance

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…