Fund Accountant

About Vivriti Group

Vivriti Group is a trailblazer in the mid-market lending space, offering customized debt solutions to mid-sized enterprises. The group operates through two core businesses:

• Vivriti Capital Limited : A systematically important Non-Banking Financial Company (NBFC ND-SI) regulated by the Reserve Bank of India (RBI). Vivriti Capital has disbursed over USD 3 billion to 300+ enterprise borrowers and holds a CRISIL rating of A+.
• Vivriti Asset Management : A fixed-income fund manager, managing multiple Alternative Investment Funds (AIFs). With over USD 550 million in commitments from 900+ institutional and private contributors, Vivriti AMC has invested more than USD 600 million across 90+ entities.

Role Summary:

We are seeking an experienced and detail-oriented Fund Accounting Lead to manage the accounting and financial operations of our Alternative Investment Funds (AIFs), particularly focused on debt-based strategies across Category II and Category III funds . The role requires deep knowledge of fund structures, investment life cycles, SEBI regulations, and hands-on expertise in fund operations, NAV calculation, investor reporting, and regulatory compliance.

Key Responsibilities:

1. Fund Accounting & Reporting

• Maintain books of accounts for multiple AIF schemes (Cat II and Cat III) under IGAAP.
• Ensure accurate and timely calculation of Net Asset Value (NAV) on a periodic basis (monthly/quarterly as per fund terms).
• Track and record income accruals from structured debt instruments (NCDs, CPs, PTCs, securitized receipts, etc.).
• Post and reconcile investment transactions , including purchases, redemptions, amortization, mark-ups, and capital gains/losses.
• Monitor coupon income , redemption premiums, purchase discounts, and variable cash flows for PTCs and securitized assets.

2. Investor-Level Accounting

• Maintain detailed investor books including capital contributions, units, class-wise allocations , and fee/waterfall tracking .
• Ensure time-weighted allocation of daily income and expenses to investors based on their class and contribution timing.
• Process investor calls, distributions, and generate Capital Account Statements .
• Handle fee calculations (management fees, performance fees, hurdle, catch-up, etc.) per PPM terms.
• Handle expense allocations and calculations as per PPM terms.

3. Compliance & Regulatory Filings

• Ensure timely and accurate filing of:
• SEBI monthly/quarterly reports (AIF templates)
• Form 64D & 64C under Income Tax
• Annual PPM compliance report, valuation reports, and statutory audit disclosures
• Other applicable compliances
• Liaise with compliance teams and custodians to ensure adherence to SEBI AIF Regulations and FEMA guidelines , if applicable.

4. Audit, Taxation & Controls

• Coordinate with statutory auditors, internal auditors, and tax advisors for fund-level audits and filings.
• Ensure correct TDS computation and filing (Form 26Q, Form 15CA/CB where required).
• Reconcile books with custodian/bank statements and investment manager records regularly.
• Implement and maintain strong internal controls to ensure accuracy and compliance.

5. Systems, Process & Team Management

• Lead or support automation initiatives including fund accounting software , Excel-based models, macros, and reconciliation tools.
• Manage or mentor junior accountants or outsourced service providers.
• Prepare dashboards and analytics for the Investment Manager / Fund Manager / Board.

Key Skills & Requirements:

• M.Com/CMA /MBA Finance with 8+ years of experience in fund accounting, preferably in an AIF, PMS, or AMC.
• Sound understanding of:
• SEBI AIF Regulations (2012)
• Indian accounting standards (IGAAP)
• Debt instruments and cash flow-based valuation
• NAV computation and investor-level unit accounting
• Strong Excel and Zohobooks/ERP/specialized fund accounting tools knowledge.
• Experience in audit, taxation, and regulatory reporting for AIFs.
• Excellent analytical, communication, and team management skills.

Preferred Experience:

• Prior exposure to Category III AIFs with leverage, complex fee structures , or frequent trading .
• Experience handling multiple funds across different investor classes with varying fee and distribution structures.