Corporate Finance, Investment Products - Associate / Assistant Vice President

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 $159 billion in global client assets invested in 1,288 funds, as of May 2023.

iCapital has been named to the Forbes Fintech 50 for six consecutive years (2018 – 2023); a back-to-back selection by Forbes to its list of Best Startup Employers; and a two-time winner of MMI/Barron’s Solutions Provider award (See link below).

iCapital is looking to hire a Corporate Accountant to join the Corporate Finance team. This role will involve accounting and reporting responsibilities for iCapital’s Investment Products business, month end close duties, accounts receivable and payable tasks, treasury management, financial reporting consolidations and eliminations as well as ad hoc projects.

• Oversee Private Wealth Solutions sales expense functions relating to various Investment Product business activities:
  • Ensure accuracy of structured investment and alternative investment commission calculations and payables.
  • Communicate with external key contacts and internal Relationship Managers, including Head of SI Distribution and Head of Alternatives Distribution.
  • Liaise with team members for commission tracking, processing, booking, and reporting.
  • Assist with implementation and maintenance of commission software.
• Month End Close:
  • Assist with the month-end closing processes related to the Investment Products business.
    • Prepare revenue calculations and KPIs for structured investments and alternative investments.
    • Calculate and consolidate P&L and Balance Sheet data to prepare and book journal entries for various entities.
    • Assist with the maintenance of invoices and accounting files.
  • Cash Reconciliation:
    • Reconcile cash inflows and outflows between the company’s bank accounts and general ledger.
    • Prepare monthly cash reconciliations.
  • Other:
    • Identify and remediate process gaps and implement effective internal controls; improve documentation of internal control processes.
    • Develop analyses to support strategic initiatives and decision making by management.
    • Provide insight into variances between budget vs actuals, as well as real-time forecasting and trend analysis.
    • Assist in completing special projects as needed such as implementation of new commission software.
    • Coordinate across multiple departments to complete assignments that require collaboration, including providing financial data.

• 4+ years of corporate accounting/public accounting experience within the financial services industry
• Degree in accounting required
• Familiar with Alternative Investments or Structured Investments preferred
• Familiar with CaptivateIQ, Everstage, SalesVista, and/or ZenCentiv sales commission softwares preferred
• CPA license preferred
• Understanding of GAAP reporting
• Familiar with Oracle NetSuite and/or General Ledger systems (i.e., PeopleSoft, Axiom) preferred
• Experience with treasury management, accounts receivable and payable, and cash reconciliations
• Knowledge of booking journal entries and the resulting impact to the financial statements
• Proficient with Microsoft Office Suite (Excel, PowerPoint, Outlook)
• Able to manage large sets of data and implement checks and balances
• Excellent verbal and written communication skills
• Detail-oriented with big picture capability
• Able to interpret legal documents
• Able to take on new, challenging assignments

The base salary range for this role is $85,000 to $140,000.  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.