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 explicit 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.

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