Description
iCapital is seeking an Associate or Assistant Vice President to join the Hedge Fund Finance team. The successful candidate will have hands-on operational responsibility for servicing hedge and private equity fund of fund and access fund vehicles in conjunction with third-party administrators.
Responsibilities:
- Build and maintain relationships with underlying fund managers, fund administrators, and distributors.
- Design and implement processes and procedures for servicing the funds, working closely with the management team to enhance and automate key processes.
- Support fund operations, working closely with Investor Relations, Product, Legal and Compliance, Technology, Sales, and Marketing teams.
- Participate in new fund structuring, setup, and onboarding, reviewing feeder fund draft documents and providing feedback.
- Provide oversight of fund administrators and other service providers.
- Monitor cash positions and liquidity of investments, manage cash reserves, and determine subscription/commitment sizes to underlying funds.
- Run accounts payable and expense allocation processes, oversee monthly/quarterly feeder fund NAV and statement issuance.
- Review and sign-off on capital calls, distributions, cash analysis, investor allocation files, and notices.
- Define, update, and maintain operating policies and procedures.
- Liaise with funds' custodian and bank, as well as other counterparties.
- Ensure general compliance with fund documents and regulatory filings.
Qualifications:
- Bachelor's degree in accounting, finance, economics, statistics, or another business-related field.
- 3-8 years of fund accounting, fund administration, or finance operations experience, preferably in alternative investment funds.
- Advanced accounting skills and experience within an audit framework.
- Advanced Excel skills.
- Excellent organizational skills and attention to detail.
- Strong verbal, written, and interpersonal communication skills.
Benefits:
- Competitive salary.
- Annual performance bonus.
- Equity for all full-time employees.
- 100% employer-paid health and dental insurance.
- Flexible work arrangement: 4 days in the office, 1 day remote.