Operation manager-Fund Accounting

Institute of Management Accountants, Inc.; Bengaluru; On-site; INR 3,000,000 - 4,800,000; Full time

Job summary

Institute of Management Accountants, Inc. in Bengaluru seeks an experienced Operation Manager for Fund Accounting to lead regulatory reporting, NAV computations, and investor onboarding compliance.

The role coordinates with Trustees, auditors, and external advisers to ensure timely filings and audit readiness. You will oversee multi-jurisdiction fund structures, drive adoption of the ETON tool, and mentor a dedicated local team across India, UAE, and Singapore.

Qualifications

• 8+ years in fund administration or AIF operations with SEBI/IFSC exposure.
• Hands-on with SEBI AIF Regulations and RBI/FEMA/IFSC requirements where applicable.
• Experience reviewing investor onboarding compliance and contribution agreements.
• Strong understanding of NAV computation, capital accounts, distributions, and expense allocation.
• Proven collaboration with Trustees, auditors, and external advisors across locales.

Responsibilities

• Own regulatory compliance and reporting for India-domiciled AIFs and GIFT City.
• Prepare or review SEBI AIF Activity/Quarterly reports and other filings.
• Monitor SEBI RBI FEMA changes and translate into updated checklists.
• Coordinate with legal, tax, and compliance advisors to close out filings.
• Lead audits end-to-end with regulators and manage onboarding compliance.

Skills

Fund administration experience

AIF regulatory knowledge

Investor onboarding (KYC/AML)

Regulatory liaison with Trustees/aud-

Cross-border / multi-jurisdiction

English communication

Education

Bachelor's degree in Commerce/Finance/Law

CA/CS/CFA or postgraduate degree

Tools

MS Excel

Notion

Fund accounting systems

Job description

Operation manager-Fund Accounting

MANDATORY REQUIREMENTS

• Strong experience in AIF regulatory reporting and SEBI/IFSC compliance.
• Hands-on experience in NAV, fund accounting, investor onboarding and KYC/AML.
• End-to-end fund operations with experience managing Trustees, auditors and regulatory stakeholders.

ABOUT THE CLIENT

Our clients provides services fund administration, fund accounting, investor onboarding, and regulatory compliance services to Alternative Investment Funds (AIFs) and their managers across India, GIFT City, the UAE, Singapore, and Mauritius.

JOB ROLES & RESPONSIBILITIES

• Own regulatory compliance and reporting for India-domiciled AIFs and GIFT City (IFSC)
• structures - SEBI Activity/Asset Reports, Quarterly Activity Reports, IFSCA FME reporting, and other periodic filings - ensuring accurate, on-time submission.
• Track changes in SEBI AIF Regulations, RBI/FEMA requirements, and IFSCA (GIFT City)
• circulars, translating them into updated checklists and filing calendars ahead of deadlines.
• Coordinate with external legal, tax, and compliance advisors and statutory auditors to close out TDS, GST, and other regulatory filings across the fund book, resolving gaps proactively.
• Act as the primary point of contact for fund Trustees, ensuring reporting obligations, consents, and KMP updates are tracked to closure without follow-up chasing.
• Maintain working command of each fund's PPM, trust deed, contribution agreement terms, keeping drawdowns, distributions, and fee calculations consistent with documentation.
• Lead statutory and regulatory audits end-to-end - SEBI, RBI, IFSCA, or any other regulator - from information requests through closure of findings.
• Own investor onboarding compliance: reviewing KYC/AML checks and contribution agreements, so onboarding packs meet regulatory requirements before capital is accepted.
• Manage investor communication - drawdown notices, capital calls, distribution notices, and periodic reporting - keeping content consistent with each fund's PPM commitments.
• Oversee fund accounting across the portfolio - NAV computation, capital account maintenance, distributions, and expense allocation - reviewing trial balances and reconciliations before they reach funds, trustees, or auditors.
• Drive adoption of the fund accounting tool (ETON) and supporting systems, including openingbalance migration and parallel runs against legacy records.
• Supervise and mentor the Bangalore fund administration team, allocating workload across India-Singapore-, and UAE-serviced funds.
• Maintain operations and compliance trackers, run structured reviews, and elevate risks or filing delays early with a clear plan to close them.

QUALIFICATION & EXPERIENCE

• 8+ years in fund administration, fund compliance, or AIF operations, with hands-on exposure to SEBI AIF Regulations and, ideally, RBI/FEMA and IFSCA/GIFT City requirements.
• Proven experience preparing or reviewing SEBI AIF Activity Reports, Quarterly Activity Reports, or equivalent filings, gained at an AIF, fund administrator, custodian, or compliance advisory firm.
• Strong knowledge of investor onboarding compliance - KYC, AML checks, and contribution agreement review.
• Solid grounding in fund accounting, NAV computation, capital accounts, distribution waterfalls, and expense allocation.
• Comfortable applying PPMs, trust deeds, and contribution agreements to daily operations.
• Experience liaising directly with Trustees, RTAs, custodians, auditors, and external legal/compliance advisors.
• Exposure to multi-jurisdiction fund structures, India, GIFT City/IFSC, Singapore, and/or UAE highly valued.
• Bachelor's degree in Commerce, Law, or Finance; CA/CS/CFA or a postgraduate degree is an advantage.
• Proficient in MS Excel; comfortable with fund accounting systems and tools such as Notion.
• Excellent written and verbal English, including experience drafting investor-facing communication.
• Strong ownership mindset, comfortable working across time zones with UAE-and Singapore-based stakeholders.

OTHER DETAILS

Reporting To: Delivery Head - India

Industry Target: Finance

Work Model Arrangement: Onsite