Fund Finance, Private Capital - Associate
About this role
About the Role
iCapital is looking for an Associate to join its Fund Finance Private Capital team to focus on Private Capital Fund Accounting and Administration duties. This individual will work closely with other team members, vendors, senior management, and clients on a variety of accounting and reporting processes. This role will report to a Vice President, Fund Finance Private Equity.
Responsibilities
- Work with iCapital’s implementation teams with regards to new business and fund launches.
- Review feeder fund draft documents (LPA/PPM) as well as underlying fund operational questionnaires prior to fund launch. Provide feedback to internal legal or fund origination teams if there is anything that should be considered from a fund finance perspective.
- Determine commitment sizes to underlying funds and conduct analysis on feeder fund expenses.
- Oversee quarterly feeder fund NAV and partners’ capital account statement issuance by the team and track KPIs.
- Review and sign-off on capital call and distribution cash analysis, investor allocation files and notices prepared by third party admins and Associate or AVP members of the Fund Finance team.
- Participate in management-level meetings internally and externally.
- Attend prospective clients’ on-site due diligence.
- Approve and release quarterly management fee payment wires.
- Facilitate and work with iCapital Technology and Product teams to drive process automation and efficiency.
- Monitor fund’s compliance with the partnership operating agreement terms.
- Oversee the funds’ progress on preparation of annual fund financial statements in accordance with US GAAP.
Qualifications
- Bachelor’s degree in accounting or finance
- 3 to 6 years of financial services or asset management accounting and operations experience
- Alternative investments fund administration and operations is a plus
- Advanced degree and/or credentials, or progress towards MBA, CPA, CFA, or CAIA designation is a plus
- Passion for the application of innovative technology
- Proven ability to multi-task and work both independently and as a team player in a fast-paced, demanding environment
- Strong verbal, written, and interpersonal communication skills
- Willingness to learn new topics and work in an evolving business environment
- Organized and detail oriented with big picture capability
We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office 4 days a week with the flexibility to work remotely 1 day ( Friday).
Benefits
iCapital offers a comprehensive benefits package that includes a total compensation program consisting of competitive salary, annual performance bonus, and equity for all full-time employees; healthcare with 100% employer-paid health and dental insurance.
For additional information on iCapital Network, please visit https://www.icapitalnetwork.com/about-us Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc
Company at a glance
Innovating at the intersection of technology and investment opportunity, iCapital streamlines the integration of alternative investment strategies into client portfolios. For asset managers seeking to capture private wealth assets and advisors looking to diversify through private market investing, iCapital provides the means to grow and scale efficiently.
At the forefront of the digital transformation in alternative investing, iCapital’s secure platform delivers a complete portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment lifecycle. With $880 billion of global volume activity on platform, inclusive of $220 billion in global alternative assets, the iCapital operating system automates and streamlines the complex process of private market investing and seamlessly integrates with clients’ existing infrastructure platform and tools.
iCapital employs more than 1,750 people globally and has 16 offices worldwide, including New York, Greenwich, Zurich, Lisbon, London, Hong Kong, Singapore, Tokyo, and Toronto. iCapital has consistently been recognized for its outstanding innovation, fintech industry leadership, and performance, including CNBC World Top Fintech Companies for 2024, and Forbes Fintech 50 for seven consecutive years since 2018.
Top Benefits
- Competitive Salary
- Annual Performance Bonus
- Equity
- Health Insurance
- Dental Insurance
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