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 $200 billion in global client assets invested in 1,634 funds, as of September 2024.
iCapital has been named to the Forbes Fintech 50 for seven consecutive years (2018-2024); 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 for the ideal candidate to join the Private Capital Fund Finance Management team. This role will be responsible for managing an accounting team that services a fast-growing sector of the business. This individual will be responsible for servicing Private Capital Fund of fund, direct, and access fund vehicles (the “funds”) in conjunction with third-party administrators. They will also manage all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables.
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
- 10-15+ 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
Benefits
The base salary range for this role is $175,000 to $230,000. 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. Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.
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.
What We Do
ICONIQ Capital is a privately held investment firm serving some of the world’s most influential families and organizations. ICONIQ provides financial advisory and family office services, and manages direct investments where technology and traditional asset classes intersect, with a focus on technology growth equity, buyout, and real estate.
