Job Description
About the Role
This position is a “hands-on” role with operational responsibility for servicing hedge and private equity fund of fund and access fund vehicles (the “funds”) in conjunction with third-party administrators, managing all fund accounting and financial reporting to investors, including capital activity, partner capital statements, annual audited financials, and tax deliverables.
Responsibilities
- Work with third-party administrators to ensure all monthly valuations are completed in a timely manner, 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 as necessary.
• Review investor allocations to confirm profits, losses, and fees are calculated in accordance with the partnership operating agreements.
- Approve investor capital account statements on a monthly basis.
• Review and approve monthly management fee and trailer calculations.
• Reconcile accounting data between iCapital and third-party administrator, using automated tools and applications.
- Coordinate with internal and/or external parties to resolve discrepancies.
• Liaise with underlying fund managers when required.
• Handle ad hoc requests.
• Monitor fund’s compliance with the partnership operating agreement terms.
Qualifications
- Bachelor’s degree in accounting or finance
• 5+ 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, such as 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
• High level of integrity
• Willingness to learn new topics and work in an evolving business environment
• Organized and detail oriented with big picture capability
We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office 3 days a week with the flexibility to work remotely 2 days.
Benefits
iCapital offers a comprehensive benefits package that includes a total compensation program consisting of competitive salary, annual performance bonus, and equity for all full-time employees; healthcare with 100% employer-paid health and dental insurance.
For additional information on iCapital Network, please visit https://www.icapitalnetwork.com/about-us Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc
