Private Capital Fund Finance - Associate

iCapital is looking for the ideal candidate to join the Fund Finance team. This position will be responsible for servicing hedge and private equity fund of fund and access fund vehicles in conjunction with third-party administrators, covering all fund accounting and financial reporting to investors.

Responsibilities

• Build and maintain relationships with clients, both distributors and underlying fund managers, fund administrators, and other service providers
• Work closely with other iCapital internal teams such as Fund Origination, Investor Relations, Legal, Regulatory and Compliance, Technology, Sales, and Marketing to support ongoing fund operations
• Provide review and control function for NAV packages, capital events, and management fee calculations provided by the fund administrator
• Monitor cash positions and liquidity of investments, review cash reconciliations, and manage cash reserves
• Run accounts payable and expense allocation processes
• Maintain investor and investment data in the iCapital platform using proprietary technology tools
• Define, update, and maintain operating policies and procedures
• Liaise with funds’ custodians and funds’ banks, as well as other counterparties as needed
• Fulfill ad-hoc requests

Skills

• Bachelor's degree in Accounting, Finance or Economics
• Interest in learning fund accounting, fund administration, or finance operations for alternative investment funds including fund-of-funds and feeder funds
• Advanced Excel skills
• Willingness to work within a close team structure on all tasks
• Excellent organizational skills and attention to detail
• Able 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
• Passion for the application of innovative technology
• Eager to learn new topics and work in an evolving business environment

Benefits

• ICapital offers a comprehensive benefits package that includes a competitive total compensation package consisting of salary, bonus, and equity for all full-time employees.
• The Company pays 100% of the premium for all Group Benefits for you and your dependents.
• Some of these benefits include medical, dental, vision, prescription, life insurance and long-term disability.
• We offer a variety of Retirement Plans which have a company match.
• We offer unlimited Paid Time Off (PTO) and most employees the flexibility to work in the office three to four days and remotely for the remainder of the week.
• Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.

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