Private Capital Fund Finance - Vice President.

iCapital is powering the worlds alternative investment marketplace. Our financial technology platform has transformed how advisors, wealth management firms, asset managers, & banks evaluate & recommend bespoke public & private market strategies for their high-net-worth clients.

iCapital services approximately $191 billion in global client assets invested in 1,524 funds, as of May 2024.

iCapital has been named to the Forbes Fintech 50 for seven consecutive years (2018-2024); a three-time selection by Forbes to its list of Best Startup Employers (2021-2023);

a three-time winner of MMI / Barrons Solutions Provider award (See link below).

About the Role

iCapital is looking for a Vice President to join its Fund Finance Private Capital team to focus on Private Capital Fund Accounting & Administration duties.

This individual will work closely with other team members, vendors, senior management, & clients on a variety of accounting & reporting processes.

This role will report to the Managing Director, Fund Finance Private Equity.

Responsibilities

• Work with iCapitals implementation teams with regards to new business & 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 & conduct analysis on feeder fund expenses.
• Oversee quarterly feeder fund NAV & partners capital account statement issuance by the team & track KPIs.
• Review & sign-off on capital call & distribution cash analysis, investor allocation files & notices prepared by third party admins & Associate or AVP members of the Fund Finance team.
• Participate in management-level meetings internally & externally.
• Attend prospective clients on-site due diligence.
• Approve & release quarterly management fee payment wires.
• Facilitate & work with iCapital Technology & Product teams to drive process automation & efficiency.
• Monitor funds compliance with the partnership operating agreement terms.
• Oversee the funds progress on preparation of annual fund financial statements in accordance with US GAAP.

Qualifications

• Bachelors degree in accounting or finance
• 10-15 years of financial services or asset management accounting & operations experience
• Alternative investments fund administration & 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 & work both independently & as a team player in a fast-paced, demanding environment
• Strong verbal, written, & interpersonal communication skills
• Willingness to learn new topics & work in an evolving business environment
• Organized & detail oriented with big picture capability

Benefits

The base salary range for this role is $140,000 to $180,000. iCapital offers a compensation package which includes salary, equity for all full-time employees, & 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, & virtual mental health counseling, parental leave, & unlimited paid time off (PTO).

We believe the best ideas & innovation happen when we are together. Employees in this role will work in the office four days, with the flexibility to work remotely one day.

Every department has different needs, & some positions will be designated in-office jobs, based on their function.

For additional information on iCapital, please visit Twitter : @icapitalnetwork LinkedIn : Awards Disclaimer :

iCapital is proud to be an Equal Employment Opportunity & Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.