Description
iCapital is seeking an Associate to join its Fund Finance Private Capital team, focusing on Private Capital Fund Accounting and Administration duties. The successful candidate will work closely with team members, vendors, senior management, and clients on various accounting and reporting processes.
Responsibilities
- Collaborate with implementation teams on new business and fund launches
- Review feeder fund draft documents and provide feedback from a fund finance perspective
- Determine commitment sizes to underlying funds and analyse feeder fund expenses
- Oversee quarterly feeder fund NAV and partners' capital account statement issuance
- Review and sign-off on capital call and distribution cash analysis, investor allocation files, and notices
- Participate in management-level meetings internally and externally
- Attend prospective clients' on-site due diligence
- Approve and release quarterly management fee payment wires
- Facilitate process automation and efficiency with iCapital Technology and Product teams
- Monitor fund compliance with partnership operating agreement terms
- Oversee preparation of annual fund financial statements in accordance with US GAAP
Qualifications
- Bachelor's degree in accounting or finance
- 3 to 6 years of financial services or asset management accounting and operations experience
- Alternative investments fund administration and operations experience is a plus
- Advanced degree and/or credentials, or progress towards MBA, CPA, CFA, or CAIA designation is a plus
- Passion for innovative technology application
- Proven ability to multi-task and work independently and as a team player in a fast-paced environment
- Strong verbal, written, and interpersonal communication skills
- Willingness to learn new topics and work in an evolving business environment
- Organised and detail-oriented with big picture capability
Benefits
- Base salary range: $70,000 to $85,000
- Comprehensive benefits package including salary, equity, annual performance bonus, 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 to Thursday in-office, with remote work option on Fridays