Senior Manager/Assistant Vice President – Finance

Key responsibilities:

1. Finance, accounting and reporting:

– Own the accounting function fully, including timely monthly, quarterly and annual closes and preparation of financial statements.

– Prepare and review portfolio and consolidated MIS: P&L, balance sheet, cash flows, investment valuations, asset-wise yield and IRR, and portfolio value or NAV-style reporting.

– Own the monthly and quarterly business updates to the Chairman, Board and stakeholders, covering portfolio, financials, pipeline and operations. This includes the monthly financial MIS and the quarterly stakeholder MIS.

– Set annual budgets and cash-flow forecasts, and monitor actual performance, expenses and funding needs against approved plans.

– Oversee investment accounting, income recognition (including InvIT and AIF distributions split into interest, dividend and capital repayment), tax provisions, reconciliations, and fee and expense allocations.

– Coordinate periodic valuations with the investment team and external valuers, ensuring consistent methods and supporting documents.

– Provide financial analysis, dashboards, and Board and Investment Committee materials to support decisions.

2. Treasury and investment operations:

– Manage liquidity, fund movements, payments, banking and demat operations, reconciliations and custody instructions.

– Execute investment and divestment settlements in listed and unlisted securities, bonds, InvITs and AIFs. Manage AIF commitments, drawdowns and distributions, and the related KYC and onboarding.

– Oversee the operational execution of investments, capital contributions, distributions and exits, including checking approvals and payment conditions.

– Maintain investment and portfolio trackers.

– Monitor asset and SPV cash flows, capital expenditure and debt servicing with the investment team.

3. Capital raising: debt and equity:

– Lead debt raising from banks, NBFCs and other lenders, from start to finish: work out the funding need and structure, prepare the information memorandum and financial model, approach and shortlist lenders, and manage term sheets and negotiation.

– Take each debt proposal through lender appraisal, credit queries, due diligence, rating, sanction, documentation and disbursement.

– Negotiate commercial and legal terms with lenders and counsel: pricing, tenor, repayment profile, security and guarantees, covenants and conditions precedent and subsequent.

– Track and satisfy all conditions precedent before drawdown and all conditions subsequent after it, including security creation, charge filings, insurance endorsements and other documentation.

– Monitor financial covenants (e.g. leverage, DSCR, LTV) and non-financial covenants on an ongoing basis. Prepare compliance certificates and periodic lender reporting, give early warning of any potential breach, and manage waivers and consents.

– Manage the debt book: repayment and interest schedules, rate resets, prepayment and refinancing opportunities, and lender relationships.

– Support the CEO on equity raises from investors and co-investors: data rooms, financial models, investor presentations and Q&A, due diligence coordination, and term sheet and shareholder agreement documentation.

– Run post-closing for equity raises: share or unit allotments, regulatory filings (including FEMA where relevant), investor onboarding and KYC, and ongoing investor reporting and rights tracking.

4. Board meetings and corporate governance:

– Act as the governance lead for the Board and its committees, including the Investment Committee.

– Appoint, coordinate and oversee the external Company Secretary. Review their output and ensure all secretarial work is complete, accurate and on time.

– Plan the annual board calendar. Prepare agendas, notices and board packs, and circulate them on time.

– Draft minutes, resolutions and action-taken reports, and track decisions through to closure.

– Onboard independent directors and support them on an ongoing basis: induction, information requests, disclosures, declarations of independence and interest, sitting fees and D&O insurance.

– Maintain statutory registers, records and the related-party and conflict-of-interest registers.

– Coordinate shareholder meetings, filings and secretarial audit where applicable.

5. Compliance, taxation and audit:

– Own corporate, tax and regulatory compliance across platform entities: Companies Act and LLP requirements, ROC filings, income tax, TDS, GST and RBI/FEMA requirements, and SEBI requirements where relevant.

– Maintain a single compliance calendar covering filings, payments, board and partner meetings, disclosures and contractual deadlines.

– Manage statutory and internal audits: schedules, query resolution, finalising financial statements and closing audit observations.

– Coordinate tax planning and transaction tax advice with external specialists, and manage tax notices, assessments and disputes.

– Track regulatory changes affecting the platform and lead the required implementation.

6. Legal coordination and transaction documentation:

– Own coordination with external legal counsel on investment documents, financing, and corporate and commercial matters.

– Coordinate financial, tax and legal due diligence, ensuring material findings are addressed before completion.

– Work with the CEO and counsel on investment agreements, shareholder agreements, loan and security documents, and other material contracts.

– Track conditions precedent and subsequent, contractual obligations, covenants, consent requirements, and investor and shareholder rights.

– Maintain a central, organised repository of executed agreements, approvals, investment records and security documents.

– Coordinate legal notices, disputes and litigation with external counsel, and monitor them through to resolution.

7. Operations, controls and administration:

– Set up accounting systems, SOPs, reporting formats and delegation-of-authority arrangements suited to a growing investment platform.

– Run practical controls over payments, reconciliations, valuations, documents and approvals, including maker-checker controls.

– Monitor related-party transactions, conflicts of interest and the allocation of costs between entities, including any service arrangements with the parent group after the demerger.

– Manage office administration, vendors and service providers, payroll and HR administration, insurance, and data and document security.

– Act as the main point of contact for banks, auditors, regulators, custodians, registrars and other service providers.

– Maintain an exception tracker and promptly escalate material financial, compliance, contractual or operational issues to the CEO and Board.