Middle Office Operations - Associate

iCapital is powering the world’s alternative investment marketplace. Our financial technology platform has transformed how advisors, wealth management firms, asset managers, and banks evaluate and recommend bespoke public and private market strategies for their high-net-worth clients. iCapital services approximately $180 billion in global client assets invested in 1,441 funds, as of February 2024.

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); and a three-time winner of MMI/Barron’s Solutions Provider award (See link below). 

About the Role

iCapital is looking to hire a Middle Office Associate to join our Client Operations and Support team. This role will report into the Middle Office team lead and will largely be involved with new fund launch operations and subsequent fund investment closes. The role will involve frequent, proactive communication and coordination with fund managers and their external counsel to ensure successful closing into underlying funds for our feeder fund commitments. The ideal candidate will be responsible for assisting with middle office functions, which entails meeting multiple deadlines and monitoring fluid deliverable timelines as well as actively engaging and collaborating with internal and external parties.

 Responsibilities

• Participate in the new fund pipeline meetings to monitor upcoming funds to ensure investments are executed to the underlying funds.
• Prepare investment trade documents to close into underlying funds for private equity and hedge funds; Assist in the KYC/AML process to onboard iCapital funds with managers.
• Partner with Fund Origination, Legal, Finance, Investor Relations, and external fund administrators to close into underlying funds and monitor and coordinate deliverable deadlines for fund investments.
• Entails frequent communication and coordination with underlying fund managers and their external counsel.
• Provide set-up for international product distribution (ISIN, APIR, and LEI).
• Help with team-wide tech initiatives, including but not limited to, housing fund investment data on Fund Master platform; Build out investment data infrastructure on proprietary platform; involvement in the workflow tool to streamline team processes.
• Assist senior team members in improving processes through enhanced documentation, workflows, and/or automation to improve the scale of capabilities. Team members are expected to be active contributors to new ideas and solutions.
• Assist with any other middle office, operations functions, and projects as required.

Qualifications

• 2-8 years of accounting, finance, and/or operations experience in alternatives is preferred
• Superior organizational skills and attention to detail is required; Able to handle multiple projects and deadlines is critical
• Excellent verbal and written communication skills
• Self-motivation and strong work ethic needed
• Excel proficiency required
• Possess the desire and ability to learn quickly in a fast-paced work environment

Benefits

The base salary range for this role is $85,000 to $110,000. iCapital offers a compensation package which includes salary, equity for all full-time employees, and 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, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).

We believe the best ideas and 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, and 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 and 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.