Private Capital Fund Finance - Associate

Responsibilities

• Work with iCapital’s implementation teams with regards to new business and fund launches.
• Review feeder fund draft documents (LPA/PPM) as well as underlying fund operational questionnaires prior to fund launch. Provide feedback to internal legal or fund origination teams if there is anything that should be considered from a fund finance perspective.
• Determine commitment sizes to underlying funds and conduct analysis on feeder fund expenses.
• Oversee quarterly feeder fund NAV and partners’ capital account statement issuance by the team and track KPIs.
• Review and sign-off on capital call and distribution cash analysis, investor allocation files and notices prepared by third party admins and Associate or AVP members of the Fund Finance team.
• Participate in management-level meetings internally and externally.
• Attend prospective clients’ on-site due diligence.
• Approve and release quarterly management fee payment wires.
• Facilitate and work with iCapital Technology and Product teams to drive process automation and efficiency.
• Monitor fund’s compliance with the partnership operating agreement terms.
• Oversee the funds’ progress on 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 is a plus
• Advanced degree and/or credentials, or progress towards MBA, CPA, CFA, or CAIA designation is a plus
• Passion for the application of innovative technology
• 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
• Willingness to learn new topics and work in an evolving business environment
• Organized and detail oriented with big picture capability

Benefits

• The base salary range for this role is $70,000 to $85,000.
• 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).