[06/11/2025] 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: 1. 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+. 2. 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. https://www.youtube.com/watch?v=5rGfHVlRX0A 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.