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 $191billion in global client assets invested in [1,52400] funds, as of May 2024.
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).
iCapital is looking to hire a Middle Office Analyst / Associate to join our Client Operations and Support team. This role will report into the Middle Office team lead and will assist the team coordinating new private fund subscriptions/commitments, facilitating subsequent transactions on those funds’ behalf, and satisfying the global documentary requirements to successful onboard our private funds with our large, international distribution platform partners. The role will involve frequent, proactive communication and coordination with internal partners (e.g., investor relations, fund finance, fund origination and legal) and external counterparties (e.g., law firms, administrators, investment managers) to ensure iCapital’s submissions are accepted and registered for our intended dates. The Middle Office role is also involved in facilitating a variety of ancillary tasks around iCapital’s fund launch and closing processes, including securing industry identifiers (as may be applicable), administering our proprietary database with closing information, and participating in team projects to improve processing efficiency (e.g., technology initiatives).
- Prepare private fund subscription documents to close into unaffiliated underlying private capital and hedge funds on behalf of iCapital access vehicles.
- Assist with the KYC/AML documentation process to onboard iCapital access funds with each underlying private fund.
- Participate in fund launch pipeline meetings, coordinate with internal and external partners to help establish deadlines, and prepare and disseminate project progress notes to stakeholders.
- Understand iCapital fund structures, fees, and product types, as well as the roles and responsibilities of international clearing house and distribution platforms with the goal of becoming a subject matter expert.
- Support processes for static data maintenance, identification, and procurement (e.g., identifiers for international product distribution).
- Assist senior team members in improving processes through enhanced documentation, workflows, and/or automation to improve the scale of capabilities. Team members are expected to be active contributors to new ideas and solutions.
- Assist with other middle office operation functions and projects as iCapital’s business evolves.
- 1-3 years of accounting, finance, and/or finance operations experience. Knowledge of private funds a plus, but not required.
- Superior organizational skills and attention to detail are necessary for success in this role. The Middle Office team is often charged with meeting multiple deliverables with competing deadlines.
- Excellent verbal and written communication skills in English.
- Excel proficiency required
- Possess the desire and ability to learn quickly in a fast-paced work environment
We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office three days, with the flexibility to work remotely two days. Every department has different needs, and some positions will be designated in-office jobs, based on their function.
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; and generous paid time off (PTO).
For additional information on iCapital, please visit:
https://www.icapital.com/about-us
Twitter: @icapitalnetwork
LinkedIn: https://www.linkedin.com/company/icapital-network-inc
What the Team is Saying
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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iCapital Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
