Description
iCapital is looking to hire an Assistant Vice President to join the Hedge Fund Finance team. This role is hands-on with operational responsibility for servicing tender offer and interval funds across private equity, hedge, and private credit asset classes 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.
- Work closely with Investor Relations, Product, Legal and Compliance, Technology, Sales, and Marketing teams to support fund operations.
- Reconcile internal records to NAV packages and calculations prepared by fund administrators.
- Review of the financial statements prepared by fund administrators.
- Provide oversight of fund administrators and other service providers, such as auditors, tax service providers, and custodians.
- Monitor cash positions and liquidity of investments, reconciliations, and manage cash reserves.
- Run accounts payable and expense allocation processes.
- Define, update, and maintain operating policies and procedures.
- Liaise with funds’ custodian and funds’ bank, as well as other counterparties as needed.
- Work with counsel and CCO to ensure general compliance with fund docs as well as regulatory filings and requirements such as SEC and FINRA.
- Fulfill ad-hoc tasks as required by the team and different parts of the organization.
Qualifications:
- Bachelor’s degree in accounting, finance, economics, statistics, or another business-related field
- 5+ years of fund accounting, fund administration, or finance operations experience
- Advanced accounting skills, experience within an audit framework preferred
- Advanced Excel skills
- Demonstrated capacity and willingness to work within a close team structure on all tasks
- Excellent organizational skills and attention to detail with ability to see the big picture
- Proven ability 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
- Eager to learn new topics and work in an evolving business environment
Benefits: The base salary range for this role is $110,000 to $145,000. iCapital offers a compensation package which includes salary, equity for all full-time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).