Senior Alternative Investment Fund Operations Specialist
5 days ago
Job Overview
This is an exciting opportunity to join Monarch Networth Capital Ltd as a Senior Alternative Investment Fund Operations Specialist. The successful candidate will be responsible for overseeing the daily operations, compliance, and portfolio management activities for an Alternative Investment Fund (AIF). This role involves ensuring regulatory compliance, managing investor relations, maintaining portfolio data, coordinating audits, and facilitating smooth operational processes across all aspects of the fund.
About the Role
The AIF Operations Manager will be part of the AIF team and will have a high degree of ownership and responsibility in assisting the Head of the division for fund operations functions. The role is very client servicing-centric and requires the individual to ensure that the funds' constituent investors have a seamless experience in their investment journey with Monarch.
Key Responsibilities
- Daily Trade & Investment Monitoring: Track all daily trades and investment activities for portfolio accuracy. Communicate trade data to Custody and FA teams in required formats.
- Regulatory Filings: Submit necessary filings to SEBI and Trustees monthly, quarterly, and annually.
- Advance Tax Calculation: Coordinate with tax consultants to verify advance tax calculations based on custody and FA reports.
- TDS and Advance Tax Filings: Ensure timely filing of TDS and advance tax returns in compliance with regulatory deadlines.
- Tax & Vendor Payments: Manage and process tax and vendor payments promptly.
- Audit Coordination: Work closely with Compliance, Legal, and external auditors to complete internal, statutory, and Private Placement Memorandum (PPM) audits.
- Portfolio Data Maintenance & Sharing: Monitor AUM and NAV data daily for all schemes. Provide relevant data to aggregators on a monthly or quarterly basis.
- Investor Communications: Share Statements of Account (SOA), Fund Factsheets, and other necessary communications with investors regularly.
- Responding to Investor Queries: Address and respond to investor inquiries, liaising with the RTA/Investor Services team as required.
- Investor Onboarding & Account Modifications: Manage the onboarding process for new investors. Handle modification or change requests for existing investors.
- Redemption Process: Oversee the timely processing of investor redemptions and related activities.
- Report Monitoring: Regularly check reports from the FA and custodian teams for discrepancies and ensure accuracy.
- Broker Empanelment & Brokerage Data Maintenance: Manage broker empanelment and maintain accurate records of brokerage data.
- DP Coordination: Coordinate with Depository Participants (DP) for unit dematerialization and handle related DP activities.
- AIF Portfolio Monitoring & Analysis: Conduct regular reviews to ensure investments meet defined limits and restrictions. Monitor corporate actions (e.g., dividends, stock splits) and exercise voting rights where applicable. Compare portfolio performance against relevant benchmarks and peers.
Functional Competencies
- Excellent vendor management and communication skills. Various tussles and accidents tend to take place in this domain, and the ability to think on his/her feet and resolve those issues is important.
- Excellent analytical skills, a good understanding of alternative fund structures and regulations, ability to work under minimal supervision, and to take ownership/initiative.
Behavioural Competencies
- Excellent writing and verbal communication skills.
- Strong client-centric mindset and approach.
- Positive attitude with problem-solving ethic and relationship-building goal in mind.
Salary Range: ₹20-30 Lakh per annum
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