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 for an Assistant Vice President to join the Fund Finance team. This role will work on & manage an accounting team that services a fast-growing sector of the business. This position will be responsible for overseeing the accounting & investor reporting for hedge fund of funds, private capital fund of funds, & mutual fund trusts (the funds) in conjunction with third-party administrators. The ideal candidate will manage all fund accounting & financial reporting to investors, including capital activity, partner capital statements, annual audited financials, & tax deliverables.  Specifically, this individual will support the accounting lead for Canada based funds including having knowledge of regulatory & operational reporting nuances.

Responsibilities

• Be part of a team that serves iCapitals clients in Canada as the accounting & operational experts.
• Build & maintain relationships with clients, both distributors & underlying fund managers, fund administrators, & other service providers.
• Work closely with Fund Origination, Investor Relations, Legal & Compliance, Technology, Sales, & Marketing teams to support ongoing fund operations.
• Provide the review & control function for NAV packages, capital events, & management fee calculations provided by the fund administrator.
• Monitor cash positions & liquidity of investments, review cash reconciliations, & manage cash reserves.
• Run accounts payable & expense allocation processes.
• Maintain investor & investment data in the iCapital platform using proprietary technology tools.
• Define, update, & maintain operating policies & procedures.
• Liaise with funds custodians & funds banks, as well as other counterparties as needed.
• Fulfill ad-hoc requests as needed.

Qualifications

• Bachelors degree in accounting is preferred
• 5+ years of fund accounting, fund administration, or finance operations experience (a focus on alternative investment funds including fund-of-funds & feeder funds is preferred)
• Proficient accounting skills & experience within an audit framework is preferred
• Experience with Fundserv 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
• High level of integrity
• Passion for the application of innovative technology
• Eager to learn new topics & work in an evolving business environment

Benefits

iCapital offers a comprehensive benefits package that includes a competitive total compensation program consisting of salary, equity for all full-time employees, annual performance bonus; 100% employer paid Group Benefits (including medical, dental, vison, prescription, insurance, virtual telemedicine & mental health counseling, & an employee assistance program) for employees & their dependents, unlimited paid time off (PTO), parental leave, & a corporate gym membership.

iCapital offers most employees the flexibility to work in the office three to four days & remotely for the remainder of the week.  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 support a fair & inclusive workplace, in which all applicants have an opportunity to fulfill their potential & every person has the right to equal treatment with respect to employment without discrimination.  iCapital does not tolerate any discrimination contrary to the Ontario Human Rights Code, including on the grounds of race, ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, gender identity, gender expression, age, record of offences, marital status, family status or disability.