Description
iCapital is looking to hire an Associate to join the Hedge Fund Finance team. This role is hands-on with 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.
- Work closely with Investor Relations, Product, Legal and Compliance, Technology, Sales, and Marketing teams to support fund operations.
- Participate in new fund structuring, setup, and onboarding.
- Review feeder fund draft documents and provide feedback to internal legal or fund origination teams.
- Provide oversight of fund administrators and other service providers.
- Monitor cash positions and liquidity of investments, reconciliations, and manage cash reserves.
- Determine subscription/commitment sizes to underlying funds and conduct analysis on feeder fund expenses.
- 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 funds' bank, as well as other counterparties as needed.
- Work with counsel and CCO to ensure general compliance with fund docs and regulatory filings.
- 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.
- 3-5 years of fund accounting, fund administration, or finance operations experience.
- Passion for the application of innovative technology.
- Advanced accounting skills and experience within an audit framework is preferred.
- Advanced Excel skills.
- Demonstrated capacity and willingness to work within a close team structure.
- Excellent organizational skills and attention to detail.
- Proven ability to multi-task and work both independently and as a team player.
- Strong verbal, written, and interpersonal communication skills.
- Eager to learn new topics and work in an evolving business environment.
Benefits:
- Competitive salary.
- Annual performance bonus.
- Equity for all full-time employees.
- Healthcare with 100% employer-paid health and dental insurance.