Private Capital Fund Finance - 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 $152 billion in global client assets invested in 1,210 funds, as of December 2022.

iCapital has been named to the Forbes Fintech 50 for five consecutive years (2018 – 2022); 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 for an Associate or Assistant Vice President to join the Fund Finance team to focus on Private Capital Fund Accounting and Administration duties. This position will report to a Vice President and work closely with other team members, vendors, and clients on a variety of matters.

• Review third-party administrator prepared trial balances, financial statements, and supporting schedules for accuracy and completeness on a quarterly basis.
• Review third-party administrator prepared management fee schedules for accuracy and completeness and work across teams for fee payment and tracking.
• Assist with audit inquiries and provide support for year-end audited financial statements for each feeder fund.
• Provide support for SOC-1 annual audit.
• Review investor allocations and provide reporting to clients and their investors.
• Provide cash based operational control over the third-party administrator and transfer agent which includes review and approval of all cash movements.
• Calculate feeder fund capital events based on cash activity, cash balances, and cash reserve guidelines, and follow the procedure to communicate decisions with clients and their investors.
• Prepare notices for capital events to be sent to investors and custodians and track subsequent funding activity.
• Provide vendor management of third-party fund administrators including tracking deliverables and escalating inconsistencies.
• Facilitate ad-hoc requests from various teams within the organization including fund data requests, investor requests, and client requests.
• Report Key Performance Indicators (KPIs) on a weekly basis.
• Review of limited partnership agreements, PPMs, and side letter accounts for various arrangements.

• Bachelor’s degree in Accounting
• 5+ years in a similar role, mix of public/private accounting in alternatives, fund admin experience a plus
• Strong organizational skills
• Strong verbal, written, and interpersonal communication skills
• Able to escalate and communicate effectively within a team setting
• High level of integrity
• Passion for the application of innovative technology
• Strong project management skills
• Demonstrated ability to handle high volumes of work under time constraints and pressure
• Able to use creativity around process improvement
• Able to work independently and autonomously

The base salary range for this role is $85,000 to $135,000.  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.