Job Title

Role: Assistant Manager / Deputy Manager (AIF CAT II) Location: Mumbai Experience: 1-3 years (relevant experience in AIF operations) Role Overview The Assistant Manager/ Deputy Manager – AIF Category II will be responsible for managing end-to-end operational activities of Alternative Investment Funds (Category II), ensuring efficient fund administration, regulatory compliance, and seamless coordination with internal and external stakeholders. The role requires knowledge of AIF regulations, fund structures, and operational processes across the fund lifecycle. Key Responsibilities Fund Operations & Administration Manage day-to-day operations of AIF Category II funds, including capital calls, drawdowns, distributions, and expense management. Oversee fund accounting processes, NAV tracking (where applicable), and ensure accurate maintenance of investor records and capital accounts. Coordinate with fund administrators, custodians, and auditors for smooth execution of operational activities. Investor Servicing & Reporting Handle investor onboarding processes including KYC and documentation. Maintain investor records and ensure timely communication of capital calls, distributions, and periodic reports. Support preparation and dissemination of investor reports, including performance updates and financial statements. Regulatory & Compliance Support the Compliance team in ensuring adherence to SEBI regulations for AIF Category II funds, assist in regulatory filings, reporting, and documentation, and provide necessary operational support during audits while ensuring alignment with internal compliance frameworks and governance standards. Transaction & Deal Support Coordinate operational aspects of investment transactions, including fund inflows/outflows, deal documentation, and execution tracking. Work closely with investment, legal, and finance teams to ensure smooth closure and recording of transactions. Banking, Treasury & Cash Management Manage fund bank accounts, monitor cash flows, and ensure timely processing of payments related to investments, expenses, and distributions. Liaise with banks and custodians for transaction execution and reconciliations. Reconciliation & Controls Perform periodic reconciliations of bank accounts, investment records, and investor balances. Establish and maintain strong internal controls to ensure accuracy, transparency, and audit readiness of fund operations. Stakeholder Coordination Act as a key point of contact between internal teams (investment, finance, compliance) and external stakeholders such as fund administrators, custodians, auditors, and legal advisors. Key Skills & Competencies Strong understanding of AIF Category II structures and lifecycle Knowledge of SEBI AIF regulations and compliance requirements Experience in fund accounting and investor reporting Attention to detail and strong reconciliation skills Ability to manage multiple stakeholders and timelines Proficiency in Excel and fund management systems Preferred Qualifications CA Inter / or equivalent qualification with relevant experience in AIF / fund operations Experience with fund administrators or investment firms managing AIFs Familiarity with private equity / credit funds