iCapital Networks mission is to power the worlds alternative investment marketplace. Our financial technology platform has transformed the way alternative investments are bought & sold through the development of tech-based solutions for advisors, their high-net-worth client base, asset managers & banks. Our flagship platform offers advisors & their clients access to a curated menu of private equity & hedge funds at lower minimums with a full suite of due diligence & administrative support in a secure digital environment. Asset managers & banks leverage iCapital Networks tech-enabled services to streamline & scale their private investments operational infrastructure. iCapital was recognized in the 2018, 2019 & 2020 Forbes FinTech 50 which highlights the top 50 innovative financial technology companies that are transforming finance through technology. As of December 31, 2019, iCapital Network services more than $46.6 billion in invested capital across more than 100,000 underlying accounts. Visit www.icapitalnetwork.com for more information.
The Companys founders & executive management team are highly accomplished industry executives who have raised billions of dollars, with proven track records in investing, building companies & managing rapid growth. The Company is well-capitalized, backed by its founders & a prominent group of strategic partners.
The Companys culture is highly entrepreneurial, requiring high energy & commitment, & focused on building a best-in-class Company that is highly scalable. See the Company website at http://www.icapitalnetwork.com for more information & bios of our entire team. iCapital has a collaborative culture emphasizing teamwork & is committed to being a great place to work & build a career.
Location: NYC, Princeton, NJ, Greenwich , CT
Role & Responsibilities
This position is a hands-on role with operational responsibility for servicing hedge & private equity fund of fund & access fund vehicles (the funds) in conjunction with third-party administrators, managing all fund accounting & financial reporting to investors, including capital activity, partner capital statements, annual audited financials, & tax deliverables.
- Build & maintain relationships with underlying fund managers, fund administrator & 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, set up & 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 process
- 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
- Ad-hoc activities as required by the team & different parts of the organization
- Bachelors degree in Accounting, Finance, Economics, Statistics or another business-related field
- 5-10 years of fund accounting, fund administration or finance operations experience (prefer a focus on alternative investment funds including fund-of-funds & feeder funds, but not necessary).
- Passion for the application of innovative technology
- Advanced accounting skills, with a preference for experience within an audit framework
- Advanced Excel skills
- Demonstrated capacity & willingness to work within a close team structure on all tasks
- Excellent organizational skills & attention to detail
- Proven ability to multi-task & work both independently & as a team player in a fast-paced, demanding environment
- Strong verbal, written & interpersonal communication skills
- High level of integrity
- Willingness to learn new topics & work in an evolving business environment
- Organized & detail-oriented with ability to see the big picture
iCapital Network 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.