Description
The market for alternative investments is undergoing significant transformation, and iCapital is leading the way by building technology and service models that connect General Partners (GPs) with the high-net-worth market.
We are launching a new, dedicated line of business focused on providing a comprehensive, end-to-end solution for a sophisticated and rapidly growing fund structure: the '34 Act Registered Fund.
As a Product Manager, you will serve as the central point of ownership for these funds, acting as the primary point of contact for all operational aspects of a GP's '34 Act fund(s).
Responsibilities
- Co-manage the fund launch project plan for new clients with the Fund Origination team, ensuring timely completion of all milestones.
- Serve as the primary point of contact for operational, administrative, and technical aspects of the GP's '34 Act fund(s).
- Collaborate with the GP's Relationship Manager to provide a seamless client experience.
- Liaise between the GP and internal iCapital teams, including Fund Finance, Investor Relations, Legal, Compliance, Tax, and Technology.
- Coordinate with distribution partners, including wealth management firms, to ensure operational readiness and resolve inquiries.
- Review fund documents to ensure operational feasibility.
- Configure the fund on the iCapital platform, including share classes, fee structures, and reporting requirements.
- Lead User Acceptance Testing (UAT) with internal teams to validate platform workflows.
- Provide clients with market intelligence on '34 Act fund trends and best practices.
- Maintain a risk and issue log for each fund launch and contribute to improving operational playbooks.
Qualifications
- 5-9+ years of experience in product management, project management, or client-facing fund operations within financial services.
- Deep understanding of alternative investment products and fund structures, preferably with experience in registered funds or private funds with complex operational requirements.
- Familiarity with software and technology platforms used in alternative investments, wealth management, and fund services.
- Ability to understand the iCapital system and its ecosystem.
- Knowledge of the Investment Company Act of 1940 and the Securities Exchange Act of 1934 is a plus.
- Proven ability to manage institutional client relationships and complex projects.
- Experience in an investor services or investor relations role at a General Partner (GP) or alternative investment fund is direct experience.
Benefits
- Base salary range: $120,000 to $180,000.
- Comprehensive compensation package including salary, equity, annual performance bonus, and benefits.
- Benefits include employer-matched retirement plan, subsidized healthcare, dental, vision, telemedicine, virtual mental health counseling, parental leave, and unlimited paid time off (PTO).
- Flexible work arrangement: Monday-Thursday in the office, with remote work on Fridays.