SIRA ALTERNATIVES · SEBI CATEGORY II AIF

nFund Accounting & Compliance

nManager / Senior Manager · Mid-to-Senior

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nAbout 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 solid 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.

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nPosition:

nManager / Senior Manager – Fund Accounting & Compliance

nFunction:

nFinance · Fund Accounting · Regulatory Compliance

nLevel :

nMid-to-Senior individual contributor (with scope to build a team)

nReporting to:

nFinance leadership / Managing Partner

nLocation :

nBandra Kurla Complex (BKC), Mumbai

nQualification :

nChartered Accountant (ICAI), qualified. Additional qualification of CS preferable

nExperience:

nMinimum 7 years in fund accounting of AIFs in India

nCompensation :

nCompetitive; commensurate with experience

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nTHE ROLE

nAs 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.

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nKEY RESPONSIBILITIES:

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nFund Accounting & NAV

n• 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.

n• Prepare, review and finalize periodic NAV computations; validate portfolio valuations, income and interest accruals,



fee accruals and expense allocations.

n• Maintain investment registers, investor capital accounts and capital-account statements; account for drawdowns, investments and distributions across instruments (structured credit and growth).

n• Compute and review management fees, hurdle/carry and performance-fee mechanics, and distribution waterfalls.

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nFinancial Reporting & Audit

n• Prepare quarterly and annual financial statements of the fund and trust, and supporting schedules and management MIS/dashboards.

n• Own the annual PPM compliance audit and coordinate statutory, internal and tax audits; act as primary liaison with auditors and close observations.

n• Prepare Quarterly Compliance Reports (QCR), trustee reports and periodic returns with accuracy and on time.

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nRegulatory & SEBI Compliance

n• Ensure ongoing compliance with the SEBI (AIF) Regulations, 2012, the PPM, Trust Deed, Investment Management and Contribution Agreements and other fund documents.

n• Maintain the compliance calendar and prepare/file periodic regulatory reporting and filings with SEBI and other authorities as applicable.

n• Monitor investment conditions and restrictions (investment limits, concentration, tenure, leverage) and proactively flag potential breaches.

n• Support KYC / AML / CFT obligations for investors and coordinate with legal counsel and compliance advisors on regulatory developments.

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nTaxation

n• 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).

n• Coordinate income-tax filings, TDS and GST compliance as applicable to the fund and manager.

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nInvestor Operations & Reporting

n• Support capital calls and drawdown notices,



distribution computations and periodic investor statements and reporting.

n• Respond to LP and investor queries on accounting, tax and compliance matters with accuracy and professionalism.

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nService Providers, Controls & Process

n• Manage relationships with fund administrators, custodians, RTAs, bankers, tax advisors and auditors; oversee outsourced deliverables and controls.

n• Establish and continuously improve accounting processes, SOPs and internal controls; drive automation of NAV, reconciliation and reporting workflows.

n• Support new scheme/fund launch — account opening, service-provider onboarding and design of operational flows and controls.

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nQUALIFICATIONS & EXPERIENCE:

n• Chartered Accountant (ICAI), qualified — strong academic record preferred. Company Secretary as an additional qualification (preferable).

n• Minimum 7 years' experience in fund accounting of Alternative Investment Funds (AIFs) in India, ideally across Category I and/or II funds.

n• Hands-on experience with NAV computation, fund financial statements, SEBI AIF regulatory reporting and audit coordination.

n• Working knowledge of Ind AS, the SEBI (AIF) Regulations and income-tax provisions relevant to AIFs (including the section 115UB pass-through regime).

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nTECHNICAL SKILLS:

n• Strong command of fund-accounting principles, Ind AS and the AIF regulatory framework.

n• Proficiency with fund administration / accounting systems (e.g., Geneva or equivalent) and advanced MS Excel; familiarity with reporting automation an advantage.

n• Sound understanding of capital calls, drawdowns, distribution waterfalls, and management- and performance-fee computation.

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nWHAT WE'RE LOOKING FOR:

n• High ownership, precision and a control mindset — comfortable being accountable for the numbers.

n• Strong stakeholder management and clear written and verbal communication.

n• Adaptable and hands-on, able to thrive in a lean, entrepreneurial fund-launch environment.

n• A builder — able to set up processes now and mentor a small team as the fund scales.

📌 Senior Manager - Fund Accounting & Compliance (Mumbai)
🏢 Sira Alternatives
📍 Mumbai