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 $170 billion in global client assets invested in 1,392 funds, as of October 2023.

iCapital has been named to the Forbes Fintech 50 for six 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 a Tax Compliance Associate or Assistant Vice President to join to Fund Finance Central Services team. This position will service hedge & private equity fund of fund & access fund vehicles (the funds) in conjunction with third-party administrators & tax preparers to ensure timely tax reporting & communication, as well as drive continuous improvement throughout the processes.

Responsibilities

• Coordinate & oversee the fund federal & state tax compliance, as well as Schedule K-1 & tax estimate reporting.
• Reconcile & review investor demographics necessary for K-1 preparation & resolve source data discrepancies with third parties.
• Monitor various internal & external calendars for different stakeholders such as investor relations, sales teams, & client relationship managers, & adhere to client service expectations.
• Manage the collection & distribution of tax information from underlying funds.
• Coordinate multiple third-party tax preparers & administrators in the review of the fund investment tax returns & preparation of K-1s.
• Review tax allocations along with tax forms: 1065, 1120/1120-F, 1042/8804, 8821, 8865/5471, 8621, 1099s, & foreign & state withholding calculations.
• Coordinate payments due to taxing authorities with accounts payable team.
• Respond to federal & state tax notices for the funds & coordinate any payment requests.
• Monitor & perform to service level expectations & escalate to keep processes on time.
• Manage client & investor inquiries tax matters.
• Document & maintain procedures, workflows, & metrics.
• Identify opportunities for process improvements.
• Participate in industry regulatory & tax forums.

Qualifications

• Bachelors degree in Accounting or Finance
• 3-8 years of tax experience
• CPA or masters degree in Tax is a plus
• Understand investment partnership taxation
• Strong Excel skills
• Comfortable learning new systems & technology
• Proven ability to multi-task & work both independently & as a team player in a fast-paced, demanding environment
• Strong verbal, written, & interpersonal communication skills
• Willing to learn new topics & work in an evolving business environment
• Organized, self-motivated, & detail-oriented with ability to see the big picture
• Passionate about being a part of our iCapital team & representing our company with integrity, dignity, & pride

Benefits

The base salary range for this role is $80,000 to $130,000.  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 & prioritize office-first four days a week. Most employees have the option to work remotely one day a week while 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.