Associate — Investments & Asset Management

Associate — Investments & Asset Management | Vantrock Investment Managers LLP | Mumbai Metropolitan Region
Not a modelling seat with defined edges. The Associate runs the underwriting, diligence and closing of live industrial and logistics land transactions – and then follows the asset into the monthly Asset Review as its Sponsor. Wider than an associate role elsewhere, by design.
ABOUT VANTROCK
Vantrock is an independent real assets platform. Real assets only. We start where we know the ground: logistics, warehousing and industrial parks, across the full chain – first mile, last mile, city-centre, dark-store and self-storage formats, and logistics-anchored mixed-use developments with distribution below and office above. From there, in sequence and only as each is delivered: industrial plots; suburban campuses, GCC and back-office space; strata offices; and, in parallel, data centres and senior living.
Three parts, kept deliberately separate. The founder's own balance sheet takes the first risk: land is acquired, de-risked and approved on his capital before any investor commits. Vantrock Real Assets Private Limited – with its own board, team and governance – is the development manager and operator. Vantrock Investment Managers LLP is the investment manager; its team underwrites every asset independently and answers to an independent Investment Committee, which alone decides what enters a strategy. Assets enter at cost, with no founder premium, and the platform earns only after its investors have. Independent and operator-led – and this team does the underwriting.
Vantrock was founded by Anshul Singhal, Founder & CEO, who has built three institutional platforms from zero and is building the fourth on his own capital. 52 million sq ft delivered (32 million as developer, 20 million as contractor), over 2,000 acres acquired, all litigation-free, more than 200 buildings, and India's largest industrial real estate exit. Delivered across the founder's three prior platforms. We don't hire roles. We build the platform.
WHAT THE TEAM UNDERWRITES
Two decades on this ground and a gap institutional capital left open below the 100-acre logistics park. The first phase: 10-to-50-acre parcels in MMR, Pune, NCR and Bengaluru, taken through approvals quickly on the founder's own capital and turned into 2.5 lakh to 1.2 million sq ft campuses – shovel-ready before an investor commits, each asset underwritten to its own exit. The full chain: Grade-A big-box and build-to-suit, urban multi-storey, first- and last-mile, dark stores and self-storage, branded industrial plots, Grade-B-to-Grade-A refurbishment, logistics-anchored mixed-use. Assets are seeded before a fund is launched, never blind. Pipeline 10 million sq ft; ground breaks on the first 2 million sq ft in January 2027.
THE INVESTMENT TEAM
The investment team is the platform's transaction engine: three seats — Principal, Associate and Analyst — based in the Mumbai Metropolitan Region and working across the four active markets. The team originates, underwrites, structures and closes the platform's investments, and then stays with each asset for its life. Every underwriter becomes the Asset Sponsor of the deals they close and works alongside the Finance & Asset Management team on asset management, investor reporting and asset-level capital. A rounded investments team, not a deal desk that hands over at signing.
THE SEAT
Reports to: Founder & CEO / Head of the Investment Team; day-to-day direction from the Principal
Direct reports: Analyst — Investments & Asset Management (day-to-day direction)
Location: Mumbai Metropolitan Region — in person. Travel to NCR, Pune and Bengaluru.
Experience: 6–10 years, including at least four years hands-on on live real-asset transactions
Team structure, reporting lines, direct reports, seat titles and the hiring entity described here reflect the current plan and may change as the platform builds out. Compensation is confirmed in the offer.
WHY THIS ROLE EXISTS
The Principal owns the book; the Associate is the person who makes it move. The Associate runs the underwriting, diligence and documentation of live transactions, takes smaller transactions end to end under the Principal's oversight, and owns the team's models, Investment Committee memoranda and asset-monitoring packs.
WHAT YOU WILL OWN
1. Own the models. Land acquisition, development cost, leasing, financing, operating cash flows and exit; project and equity IRR, MOIC, yield on cost, development margin; the sensitivities that matter — built, documented and auditable on the platform's dashboards.
2. Own the Investment Committee paper. Screening notes, investment proposals and IC memoranda to the team's standard, with a view you can defend: merits, risks, mitigants, value creation.
3. Run diligence end to end. Commercial, financial, legal, technical, environmental and tax workstreams — commanding the platform's partners, integrating findings into structure and price, tracking conditions precedent to closing.
4. Take smaller transactions end to end. Negotiation support on the large ones; ownership of the small ones, under the Principal's oversight.
5. Own the team's inputs to the monthly Asset Review. Actuals against underwriting, construction cost against spend, leasing, drawdowns and returns, produced with the Financial Controller & Head of Asset Management; the investment content of periodic investor reports for the CFO's sign-off.
6. Sponsor the assets you close and contribute to the annual asset business plan.
7. Direct and train the Analyst on models, memoranda and diligence, and review their work to the team's standard.
WHO WE ARE LOOKING FOR
Warehousing, logistics and industrial at the core – required; office alongside; data-centre exposure valued; residential as background only.
– 6–10 years of relevant experience, including at least four years of hands-on work on live transactions — modelling, valuation, diligence, structuring, IC materials, documentation and closing.
– A Deal Sheet of closed transactions you co-led or supported end to end, at least one of them in warehousing or industrial.
– Strong financial-modelling, valuation and analytical capability; a sound understanding of real-estate cash flows, development economics, capital structures and return metrics.
– Advanced Excel and PowerPoint; fluent with AI tools and comfortable building on dashboards.
– Clear written and verbal communication; able to run several workstreams to tight timelines.
– Not a modelling-only seat. The Associate forms and defends a view.
COMPENSATION
Vantrock benchmarks compensation against the upper quartile for the role and market, weighted toward equity for candidates who want to build with us long-term. We discuss specific numbers in the first conversation rather than anchoring either side prematurely. Wealth creation is part of the engine, not only the salary: performance-linked bonuses and ESOP-linked incentives, priced to the seat and confirmed in the offer.
CULTURAL FIT
We're building Vantrock over a decade, not a funding cycle. We're looking for people who treat technology as the default answer rather than a supplement, who want to be co-builders of the platform rather than employees executing instructions, and who are comfortable saying "I don't know" and "I was wrong." If you want a defined role with defined edges, this isn't the right seat. If you want to help build an institution from zero, it might be.
AI proficiency and partner command are standing requirements in every Vantrock seat: you work fluently with AI tools and build on the platform's dashboards, and you command the institutional partners who execute the transactional work. A supervised AI Proficiency Test is part of the process for every seat, at every level.
HOW WE WILL ASSESS
One email within two working days of applying, with two links: six fixed questions answered by AI interview – about forty minutes, the first work sample, reviewed before the CV – and the Vantrock AI Proficiency Test. Then: The Deal-Sheet conversation: the transactions on your sheet, your workstreams in each, and the diligence finding that changed a price or a structure; A 90-minute case: build the underwriting for a warehousing land parcel from a data pack and write a two-page IC note; Case defence with the Principal and the Financial Controller & Head of Asset Management, then a conversation with the Founder & CEO; References: one former reporting manager and one counterparty or adviser, contacted directly. Once we have your application, interview and test, we reach out with next steps. Your application is confidential – seen only by the Founder's Office and the hiring lead.
TO APPLY
Write to careers@vantrock.com with the subject line "Associate — Investments & Asset Management — [your name]", and attach:
– Your CV. This is mandatory — a LinkedIn profile alone is not an application; we will read your LinkedIn as well.
– Your Deal Sheet — one row per closed transaction: sector, deal, location, transaction type, size, value in ₹ crore, year closed and your role. The template is att

Work arrangement
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