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

About the Role 

iCapital is looking to hire a Fund Accounts Payable Associate or Assistant Vice President to join the Corporate Finance team. This role will assist mainly in Accounts Payable (AP) functions for the company’s Fund Finance business as well as assist in other month end close responsibilities, treasury operations and ongoing projects, enhancements, and process improvements. 

Responsibilities 

• Process high volumes of invoices into accounts payable system (Coupa); Routing, validating, inputting, coding correctly in Coupa AP System. 
• Manage incoming invoice mailbox for AP and timely responses to internal teams as well as external vendors.  
• Assist with invoicing and bill-out of Corporate Fund Reimbursables. Tracking and collecting receivables in a timely manner.  
• Facilitate and monitor invoice approvals and AP aging, and provide invoice statuses. 
• Reconcile vendor statements and research and resolve payable discrepancies as needed. 
• Generate comprehensive reports for internal stakeholders regarding payments, receivables, and payables for Fund Finance.    
• Manage allocations of shared expenses across multitude of funds and book reclasses accordingly in the general ledger. 
• Assist with preparing journal entries for cash reconciliations as needed and overseeing invoice and fund status changes. 
• Able to take on new, challenging assignments on an ad-hoc basis. 

Qualifications 

• 3-10 years of relevant professional experience 
• Experience with Coupa preferred  
• Degree in Accounting and knowledge of booking journal entries preferred 
• Proficient with Excel and Power Point  
• Able to manage large sets of data and be able to implement checks and balances 
• Excellent verbal and written communication skills, detail-oriented with big picture capability 

Benefits 

The base salary range for this role is $85,000 to $115,000. 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.