iCapital Network is the financial technology platform democratizing alternative investments with complete tech-based solutions for investors, advisors and asset managers. The firm’s flagship platform offers high-net-worth investors and independent wealth advisors a curated menu of private equity and hedge funds at lower minimums with a full suite of due diligence and administrative support in a secure digital environment. Banks and asset managers leverage iCapital’s tech-enabled services to streamline and scale their private investments operational infrastructure. iCapital was included in the 2018 Forbes FinTech 50 and as of June 30, 2018 serviced more than $6 billion in invested capital across more than 14,000 underlying accounts.
Job DescriptioniCapital is looking for an Associate to join their Fund Administration and Operations team with a focus on PE fund administration. This position will report to the Senior Vice President, Fund Administration and work closely with various teams across iCapital on a variety of matters with responsibilities to include:
• Define, implement and maintain processes and procedures for servicing private equity feeder and multi-manager funds
• Work in close partnership with product and technology teams to enhance and automate key operational processes, and to develop and enhance product, management, and other reporting, targeting both efficiency and scale
• Participate in new fund structuring, set up and onboarding new products with administrators and custodians
• Operational responsibility for servicing private equity funds in conjunction with third-party administrator:
- Provide oversight of fund administrators and other service providers, such as auditors, tax service providers, and custodians
- Manage all fund accounting and financial reporting to investors, including RIA and DTCC position reporting
- Follow and adhere to procedures for all subscriptions / redemptions / capital calls / distributions
- Oversee quarterly and annual reporting to investors, their advisors and custodians through iCapital’s proprietary reporting platform
- Liaise with custodians as well as other counterparties as needed
- Work with counsel and CCO to resolve problems as it pertains to general fund administration issues in a timely fashion to ensure general compliance with fund docs, SEC and FINRA
- Monitor fund cash positions and reconciliations, manage cash reserves
- Run accounts payable and expense allocation process
- Oversee annual financial audits and tax deliverables
• Ad-hoc activities as required by different parts organization
QualificationsThe ideal candidate may also possess the following critical qualities for success:
• Bachelor’s degree in Finance, Accounting or other business-related field; CPA or other accounting designation a plus
• 2-5 years of accounting and operations experience, with a focus on PE fund administration and operations. Feeder and multimanager fund experience is highly desired
• Passion for the application of innovative technology
• Understanding of product management processes, a plus
• 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
• High level of integrity
• Willingness to learn new topics and work in an evolving business environment
• Organized and detailed oriented with big picture capability
Additional InformationAll your information will be kept confidential according to EEO guidelines.
Skills Required
- Bachelor's degree in Finance, Accounting or other business-related field
- 2-5 years of accounting and operations experience focusing on PE fund administration
- CPA or other accounting designation
iCapital Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about iCapital and has not been reviewed or approved by iCapital.
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Healthcare Strength — Healthcare coverage is generous, with heavily subsidized medical, 100% employer‑paid dental and vision, and access to virtual mental health and telemedicine. These provisions are described as adding meaningful value beyond base salary.
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Leave & Time Off Breadth — Unlimited PTO and unlimited sick time, plus paid holidays and volunteer time, provide broad flexibility for time away. This breadth of leave supports work‑life balance and family needs.
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Parental & Family Support — Paid parental leave and family‑friendly resources (such as a mother’s room) are part of the package. These supports contribute to a family‑friendly environment and enhance overall total rewards.
iCapital Insights
What We Do
Powering the World’s Alternative Investment Marketplace. Part innovator, part educator, and part navigator of the alternatives industry, iCapital offers intuitive, scalable digital solutions that have transformed how private market and hedge fund investments are bought and sold. With iCapital, financial advisors, wealth managers, and asset managers around the world now have access to everything they need to deliver the return and diversification potential of alternatives to high-net-worth investors.
Why Work With Us
iCapital is a technology-driven cutting edge firm with an entrepreneurial spirit. You'll have the opportunity to make important contributions as part of a dynamic team where you can maximize your potential, develop new skills, and help change an industry within an innovative and fast-paced setting.
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