Vice President- Alternative Investment Fund (AIF), South Mumbai

Job Description:

DESIGNATION

Vice President – AIF (with functional oversight of Compliance & CFO/Head-Accounts)

REPORTING TO Senior Vice President & Head – Alternate Investment Fund (AIF)

EXPERIENCE RANGE 15+ years in AIF, Private Equity, Venture Capital, Private Debt, or Hedge Fund strategies with a demonstrated track record of closed deals and exits.

CRITICAL EXPERIENCE

To lead the full investment lifecycle—from origination and evaluation to
portfolio monitoring, value creation, and exits. The incumbent will ensure
Investor Relations, robust financial reporting, and strict adherence to the SEBI
AIF framework, including the management of Category I, II, and III specific
constraints (leverage, valuation, custody).

ESSENTIAL QUALIFICATIONS

Post-graduate degree in Finance, Engineering, Economics, (MBA. CA / CFA / FRM is highly preferred).
Mandatory: NISM Series XIX-C – Alternative Investment Fund Managers Certification (valid and compliant with SEBI requirements)

JOB DESCRIPTION / RESPONSIBILITIES

1. Origination & Execution
Origination: Source proprietary deal flow via founders, bankers, incubators, and industry bodies. Build and maintain funnel scorecards and pipeline MIS.
Evaluation: Lead preliminary screening (market sizing, unit economics, governance checks) and direct comprehensive due diligence (financial, tax, legal, ESG, technical).
Valuation & Deal Structuring: Develop investment theses and valuation models (DCF, comps, precedent transactions). Adhere to SEBI’s standardized
valuation framework (MF norms for listed; IPEV guidelines for unlisted).
Negotiate term sheets and definitive documents, ensuring robust protections (liquidation preference, anti-dilution, covenants).
2. Portfolio Monitoring & Value Creation
Post-Investment Management: Establish governance plans, including board representation, KPI tracking, and compliance calendars.
Monitoring: Conduct monthly/quarterly operating reviews to track covenants and identify early-warning triggers.
Reporting: Manage data rooms and investor reporting packs (DPI, RVPI, TVPI, XIRR). Ensure performance benchmarking aligns with IVCA-recognized agencies (NSE/CRISIL/Preqin).

3. Divestments & Exits
Prepare exit memos, manage timelines, and ensure fair value realization and distribution waterfalls strictly per the PPM and fund documents.
4. Investor Relations & Fundraising Support
Fundraising Support: Develop fundraising collateral (PPM, DDQ, track record case studies) and lead diligence Q&A.
PPM Compliance: Ensure the PPM follows the SEBI template and manage the annual PPM audit for submission to the Trustee/SEBI.
Servicing: Manage capital calls, distributions, and investor queries, ensuring consistency with Quarterly Reporting (QAR).
5. Finance, Tax & Accounts Oversight
Financials: Oversee NAV computation, capital account statements, and fee/carry accruals. Coordinate statutory audits and valuation sign-offs.
Tax Compliance: Manage tax compliance and investor communication regarding pass-through status for Category I/II AIFs (Sections 115UB & 10(23FBA)) and business income taxation. Ensure accurate TDS deductions under Section 194LBB.
6. Regulatory Compliance & Governance (SEBI)
Regulatory Adherence: Ensure ongoing compliance with SEBI (AIF) Regulations, 2012 (investor thresholds, corpus, continuing interest).
Reporting: execute quarterly regulatory reporting on the SEBI SI Portal (AIF, schemes, KMPs, leverage limits).
AML/KYC: Implement SEBI’s AML/CFT Master Circular (Client Due Diligence, STR reporting to FIU-IND).
Specific Mandates:
 PPM Audit: File annual PPM audit on the SEBI Intermediary Portal within 6 months of FY-end.
 Valuation Governance: Disclose methodology changes transparently; treat significant changes as "material" where applicable.
Technical Knowledge:
 Deep understanding of SEBI AIF Regulations, PPM requirements, and standardized valuation frameworks (IPEV/MF norms).
 Familiarity with tax pass-through mechanics (Sec 115UB) and withholding tax (Sec 194LBB).
 Proficiency with Custodian/Depository workflows and the SEBI SI Portal.
Skills & Competencies
 Investment Judgement: Strong ability to assess risk/reward and negotiate complex term sheets.
Financial Acumen: Advanced financial modeling, valuation, and scenario/stress testing.

Communication: Executive presence for boardroom discussions and LP reporting.
Process Discipline: Meticulous attention to compliance calendars, audit readiness, and regulatory filings.
KPIs / Success Metrics
Performance: Gross/Net IRR, TVPI, DPI, and RVPI vs. AIF Benchmarks.
Execution: IC hit-rate, cycle time from Term Sheet to Close, and execution of value-creation initiatives.

Compliance: On-time SEBI filings, clean PPM audit outcomes, and zero non- compliance observations.