Feeder Fund Vendor Management - Assistant Vice President

The role

This individual will focus on Private Capital Fund Accounting and Administration duties. They will work with team members, vendors, management, and clients on accounting and reporting processes.

What you will do

• Work with third-party administrators to ensure quarterly valuations are completed, general ledger entries are accurate, and investments are valued in accordance with fair value market principles.
• Review fund expenses and accruals and compare them to annual budgets to identify outliers and propose adjustments.
• Review investor allocations to confirm profits, losses, and fees are calculated in accordance with partnership operating agreements.
• Approve investor capital account statements on a quarterly basis.
• Review and approve quarterly management fee and trailer calculations.
• Determine review of third-party administrator’s preparation and coordination of investor capital calls and distributions.
• Reconcile accounting data between iCapital and third-party administrator.
• Liaise with underlying fund managers when required.
• Handle ad hoc requests.
• Monitor fund’s compliance with the partnership operating agreement terms.

Required qualifications

• Bachelor’s degree in accounting or finance
• 6-10+ years of financial services or Asset Management accounting and operations experience
• 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
• High level of integrity
• Willingness to learn new topics and work in an evolving business environment
• Organized and detail oriented with big picture capability

Nice to have

• Alternative Investments Fund Administration and Operations is a plus
• Advanced degree and/or credentials, or progress towards, such as MBA, CPA, CFA, or CAIA Designation is a plus

Benefits

• salary
• equity for all full-time employees
• annual performance bonus
• employer matched retirement plan
• generously subsidized healthcare
• 100% employer paid dental, vision, telemedicine, and virtual mental health counseling
• parental leave
• unlimited paid time off (PTO)

About the company

iCapital is looking for an Assistant Vice President to join its Fund Finance Private Equity team. iCapital is an Equal Employment Opportunity and Affirmative Action employer.