Description
iCapital is seeking an Assistant Vice President or Vice President to join its Fund Finance team, focusing on private capital feeder fund accounting and administration.
This hands-on role will work closely with third-party administrators, fund sponsors, clients, and internal teams to ensure accurate and timely accounting, investor reporting, and operational deliverables.
Responsibilities:
- Partner with third-party administrators to ensure timely completion of monthly valuations, accurate general ledger entries, and investment valuations in accordance with fair value accounting principles.
- Review fund expenses and accruals against approved annual budgets, identify variances or outliers, and propose appropriate adjustments.
- Review investor allocations to ensure profits, losses, and fees are calculated in accordance with partnership operating agreements.
- Review and approve cash movements and reconcile data between iCapital systems and external service providers.
- Review and approve capital activity notifications and statements.
- Coordinate with internal and external stakeholders to investigate and resolve accounting or reporting discrepancies.
- Monitor compliance with governing fund documents and escalate issues as appropriate.
- Serve as a primary Fund Finance contact for fund sponsors, responding to inquiries and communicating key deliverables, timelines, and dependencies.
- Manage team deliverables and promote accountability, operational excellence, and continuous process improvement.
Qualifications:
- Bachelor’s degree in Accounting, Finance, or a related field.
- At least five years of experience in fund accounting, fund operations, asset management, or a related financial-services role.
- Big Four accounting or audit experience is a plus.
- Experience with alternative investment fund administration and operations is strongly preferred.
- Solid understanding of capital activity, investor allocations, fee structures, and partnership accounting.
- Strong attention to detail, with the ability to maintain a broader strategic perspective.
- Highly organized and able to manage multiple priorities in a fast-paced environment.
- Demonstrated ability to monitor team performance, drive deliverables, and foster accountability.
- Willingness to learn and adapt within an evolving business and regulatory environment.
- Passion for using technology and automation to improve operational efficiency.
- Proven ability to work independently while collaborating effectively across functions.
- Strong verbal, written, and interpersonal communication skills.
- High level of integrity and professionalism.
Benefits:
- Competitive salary
- Annual performance bonus
- Equity for all full-time employees
- Healthcare with 100% employer-paid health and dental insurance
- Flexible work arrangement: 4 days in the office, 1 day remote work (Friday)