iCapital is powering the worlds alternative investment marketplace. Our financial technology platform has transformed how advisors, wealth management firms, asset managers, & banks evaluate & recommend bespoke public & private market strategies for their high-net-worth clients. iCapital services approximately $176 billion in global client assets invested in 1,433 funds, as of December 2023.

iCapital has been named to the Forbes Fintech 50 for seven consecutive years (2018-2023); a three-time selection by Forbes to its list of Best Startup Employers (2021-2023); & a three-time winner of MMI/Barrons Solutions Provider award (See link below). 

About the Role

iCapital is looking to hire an Associate or Assistant Vice President to join the Hedge Fund Finance team. This role is hands on with operational responsibility for servicing hedge & private equity fund of fund & access fund vehicles (the funds) in conjunction with third-party administrators. This position will manage all fund accounting & financial reporting to investors, including capital activity, partner capital statements, annual audited financials, & tax deliverables.

Responsibilities

• Build & maintain relationships with underlying fund managers, fund administrators, & distributors.
• Design & implement processes & procedures for servicing the funds. Work in close partnership with the management team to enhance & automate key processes, & to develop & enhance product, management, & other reporting, targeting both efficiency & scale.
• Work closely with Investor Relations, Product, Legal & Compliance, Technology, Sales, & Marketing teams to support fund operations.
• Participate in new fund structuring, setup, & onboarding.
• Provide oversight of fund administrators & other service providers, such as auditors, tax service providers, & custodians.
• Monitor cash positions & liquidity of investments, reconciliations, & manage cash reserves. 
• Run accounts payable & expense allocation processes. 
• Define, update, & maintain operating policies & procedures.
• Liaise with funds custodian & funds bank, as well as other counterparties as needed.
• Work with counsel & CCO to ensure general compliance with fund docs as well as regulatory filings & requirements such as SEC & FINRA.
• Fulfill ad-hoc tasks as required by the team & different parts of the organization.

Qualifications

• Bachelors degree in accounting, finance, economics, statistics, or another business-related field
• 3-8 years of fund accounting, fund administration, or finance operations experience.  A focus on alternative investment funds including fund-of-funds & feeder funds is preferred
• Passion for the application of innovative technology
• Advanced accounting skills & experience within an audit framework is preferred
• Advanced Excel skills
• Demonstrated capacity & willingness to work within a close team structure on all tasks
• Excellent organizational skills & attention to detail with ability to see the big picture
• Proven ability to multi-task & work both independently & as a team player in a fast-paced, demanding environment
• Strong verbal, written, & interpersonal communication skills
• Eager to learn new topics & work in an evolving business environment

Benefits

The base salary range for this role is $90,000 to $140,000.  iCapital offers a compensation package which includes salary, equity for all full-time employees, & an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, & virtual mental health counseling, parental leave, & unlimited paid time off (PTO).

We believe the best ideas & innovation happen when we are together. We offer most employees the flexibility to work in the office three or four days. Every department has different needs, & some positions will be designated in-office jobs, based on their function. 

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us  Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/

iCapital is proud to be an Equal Employment Opportunity & Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.