Associate Director – AUM Business Finance Mumbai (Work from Office) This is an Asset Management Business Finance / FP&A role with AUM domain expertise and data-transformation ownership. It is not a Fund Operations, Middle Office, Fund Accounting, trade-processing, settlement, or reconciliation-only role. Position Overview We are seeking a senior Asset Management Business Finance / FP&A leader with 10+ years of experience who can answer the core management questions: What is our AUM, why did it change, how does it drive revenue, and how do we create one governed enterprise source for that information? The role owns the business-finance view of AUM across public and private markets, including AUM roll-forward, net flows, market/FX movement, Fee-Earning AUM, management-fee revenue, capital raise/capital lifecycle reporting, budgeting, forecasting, variance analysis, profitability and executive management reporting. The successful candidate will also lead transformation of AUM and finance reporting from spreadsheet- and tool-based processes into governed, automated, auditable enterprise reporting supported by modern data platforms, master/reference-data governance and certified data products. Key Responsibilities AUM Business Finance & Revenue • Own end-to-end AUM reporting and monthly/quarterly AUM roll-forward across public and private market investment vehicles. • Explain AUM movement across opening AUM, gross subscriptions/inflows, redemptions/outflows, transfers, distributions, market movement, FX, capital activity and other adjustments through closing AUM. • Own net-flow reporting and attribution by product, strategy, vehicle, client/channel and region; distinguish business flows from market/FX performance. • Calculate, reconcile and explain Fee-Earning AUM and its relationship to reported AUM. • Own Revenue-to-AUM linkage, management-fee revenue analysis, fee-rate/yield analysis, accruals, true-ups and revenue variance commentary. • Support capital raise and alternatives capital-lifecycle reporting, including commitments, subscriptions, calls/drawdowns, distributions and investor activity where applicable. • Produce trusted management, Finance, Distribution, Product and executive AUM/revenue reporting. FP&A & Management Reporting • Lead annual budgeting, rolling forecasts and long-range planning for AUM, net flows, revenue, expenses and profitability. • Build driver-based forecasts linking AUM, flows, market assumptions, fee rates, product mix and revenue. • Perform actual vs budget / forecast / prior-period variance analysis with clear business commentary and root-cause attribution. • Develop financial models and scenario / sensitivity analysis for AUM, flows, pricing, fee compression, market movements, capital activity and business risks. • Prepare executive management packs and KPI dashboards covering AUM, flows, Fee-Earning AUM, revenue, margins and business performance. • Partner with senior Finance and business leaders on performance reviews, risks, opportunities and forward-looking outlook. Data Transformation & Enterprise AUM Model • Lead migration from spreadsheet- and multi-tool AUM/FP&A reporting to a governed enterprise data platform / Lakehouse and certified reporting layer. • Define the target-state AUM/business-finance data model, operating model, ownership, controls and certification process. • Govern Fund Master, Security Master, Investment Vehicle hierarchy, Client hierarchy, Legal Entity structure, currency and benchmark mappings. • Ensure consistent Investment Vehicle and fund/security codes across upstream and downstream systems. • Integrate ABOR, IBOR, market data, ERP and enterprise data platforms to create a single governed AUM and business-finance source. • Establish data-quality rules, lineage, reconciliation, certification, auditability and clear data ownership. • Automate AUM roll-forward, flow attribution, revenue linkage, forecast and management-reporting workflows using Power BI/Tableau and modern data tooling. Stakeholder & Transformation Leadership • Partner closely with Business Finance/FP&A, Distribution, Product, Investment Operations, Fund Accounting, Data and Technology. • Translate finance requirements into business rules, data definitions, source-to-target mappings, reporting logic and acceptance criteria. • Lead transformation governance, cross-functional workstreams, UAT, adoption and operating-model change. • Present AUM, flow, revenue and transformation insights to senior leadership and executive stakeholders. Required Experience & Qualifications • 10+ years of relevant experience in Asset Management / Investment Management Finance, Business Finance, FP&A or closely related financial-management roles. • Recent, direct ownership of AUM/business-finance reporting — not only Fund Operations, Middle Office, Fund Administration or Fund Accounting. • Demonstrated ownership of AUM roll-forward, net flows and movement attribution. • Demonstrated experience linking AUM / Fee-Earning AUM to management-fee or advisory revenue. • Strong FP&A experience across budgeting, forecasting, variance analysis, financial modelling, scenario analysis and management reporting. • Strong understanding of public/private investment vehicles and capital lifecycle; alternatives exposure (Private Equity, Private Credit, Real Estate, Infrastructure) is highly valued. • Experience leading finance-data/reporting transformation, automation or enterprise data initiatives. • Bachelor degree in Finance, Accounting, Business or related field; MBA, CA, CFA, CPA or equivalent preferred. Technical & Functional Skills • ERP / Finance platforms: SAP, Oracle, Workday or equivalent. • Enterprise data platforms / Lakehouse: Databricks, Snowflake, Microsoft Fabric, Azure or AWS preferred. • Data governance, MDM, metadata, lineage, data quality, reconciliation and certified reporting. • Power BI / Tableau; SQL strongly preferred. • Working knowledge of ABOR and IBOR and how accounting/investment data feeds AUM and business-finance reporting. Key Success Measures • One certified enterprise AUM number with transparent roll-forward and flow attribution. • Clear, explainable linkage between AUM / Fee-Earning AUM and revenue. • Improved forecast accuracy and faster, higher-quality management reporting. • Reduced manual spreadsheet dependency and accelerated month-/quarter-end reporting. • Improved data quality, lineage, governance, certification and auditability. • Successful adoption of the target-state AUM Business Finance operating model and reporting platform.