Private Equity, Fund Finance - Associate

iCapital is powering the world's alternative investment marketplace. Our financial technology platform has transformed how advisors, wealth management firms, asset managers, and banks evaluate and recommend bespoke public and private market strategies for their high-net-worth clients. iCapital services approximately $206.0 billion in global client assets invested in 1,679 funds, as of October 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); and a four-time winner of MMI/Barron's Solutions Provider award (See link below).About the RoleiCapital is looking for an Associate or Assistant Vice President to join its Fund Finance Private Equity team to focus on Private Capital Fund Accounting and Administration duties. This individual will work closely with other team members, vendors, management, and clients on a variety of accounting and reporting processes. This role will report to the Vice President, Fund Finance Private Equity.ResponsibilitiesWork with third-party administrators to ensure all quarterly 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 quarterly basis.Review and approve quarterly management fee and platform calculations.Determine review of third-party administrator's preparation and coordination of investor capital calls and distributions, in coordination with the third-party administrator, including investor allocation calculations and call and distribution notices.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.Facilitate and work with the iCapital technology and product teams in order to improve the overall end user's business experienceWork with iCapital's implementation teams with regards to new business and fund launchesProvide support and oversight for both backbook and front book iCapital clientsMonitor fund's compliance with the partnership operating agreement terms.Review of the preparation of annual fund financial statements in accordance with US GAAP.Oversee and coordinate the fund's annual audit process including managing relationships with external auditors.QualificationsBachelor's degree in accounting or finance3+ of financial services or Asset Management accounting and operations experience. Alternative Investments Fund Administration and Operations is a plusAdvanced degree and/or credentials, or progress towards, such as MBA, CPA, CFA, or CAIA Designation is a plusPassion for the application of innovative technologyProven ability to multi-task and work both independently and as a team player in a fast-paced, demanding environmentStrong verbal, written, and interpersonal communication skillsHigh level of integrityWillingness to learn new topics and work in an evolving business environmentOrganized and detail oriented with big picture capabilityBenefitsiCapital 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; and generous paid time off (PTO).We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office three days, with the flexibility to work remotely two days.For additional information on iCapital, please visithttps://www.icapitalnetwork.com/about-us Twitter: @icapitalnetwork | LinkedIn:https://www.linkedin.com/company/icapital-network-incAwards Disclaimer:https://www.icapitalnetwork.com/about-us/recognition/

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