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Full-Time

Fund Operations

Vice President

Posted on 7/19/2023

iCapital Network

iCapital Network

1,001-5,000 employees

Connects advisors with alternative investment opportunities

Fintech
Financial Services

Compensation Overview

$140k - $175k

Senior, Expert

Greenwich, CT, USA

Required Skills
Communications
Management
Requirements
  • Accounting and/or Finance background required
  • 8-12 years of relevant work experience
  • Excellent interpersonal, written, and verbal communication skills, including the ability to work well with cross-functional teams as a leader and collaborator
  • Superior organizational skills and able to multitask in a fast-paced, dynamic work environment; work well under pressure with aptitude to prioritize appropriately when faced with competing demands, tasks, and issues
  • Possess an entrepreneurial spirit; strong leadership skills and commitment to building out team processes
  • Meticulous attention to detail with special focus on operational risk mitigation
Responsibilities
  • Manage operational processes for new private equity and hedge funds:
  • Oversee bank and sweep accounts opening process
  • Provide set-up for international product distribution
  • Execute underlying fund commitments
  • Participate in new fund pipeline meetings and monitoring upcoming funds, raising operational concerns where necessary
  • Partner closely with Fund Origination, Legal, Finance, Investor Relations teams to ensure operations are in place to launch products per the targeted timelines
  • Facilitate ongoing support of private equity and hedge funds operations to execute manager trades, monitor bank and sweep accounts, lead cash management projects, and other middle office functions
  • Ensure scalability and integrity of day-to-day operations by collaborating with key stakeholders, optimizing team processes, implementing best practices, driving, and analyzing metrics, and maintaining workflow documentation
  • Develop and maintain strong relationships with banking counterparties and other service providers and assist with vendor management, including vendor selection, reviewing agreements, fee analysis and negotiation, onboarding, building, and monitoring KPIs; collaborate with vendors and key stakeholders to resolve operational challenges
  • Liaise with senior team members on Product Management and Technology teams to collaborate on high-visibility, long-term technological projects to automate, enhance and scale our capabilities; provide detailed project updates and timelines

iCapital Network connects financial advisors with high net worth investors to provide access to alternative investment opportunities, such as private equity, hedge funds, and real estate. Their platform simplifies the investment process, making it easier for affluent clients to diversify their portfolios and seek higher returns. iCapital offers a comprehensive solution that includes access to curated investment options, educational resources, and support services. They generate revenue through various fees based on the assets managed or invested through their platform. What sets iCapital apart from competitors is their focus on delivering a seamless user experience and a strong emphasis on educating clients about the risks and benefits of alternative investments.

Company Stage

Series C

Total Funding

$717.3M

Headquarters

New York City, New York

Founded

2013

Growth & Insights
Headcount

6 month growth

22%

1 year growth

33%

2 year growth

55%
Simplify Jobs

Simplify's Take

What believers are saying

  • Strategic partnerships with firms like Blue Owl Capital, Endowus, and Ardian expand iCapital's reach and enhance its service offerings.
  • The acquisition of Mirador and the exclusive partnership with Unicorn Strategic Partners demonstrate iCapital's commitment to growth and market penetration.
  • iCapital's focus on user experience and seamless navigation of the alternative investment landscape ensures high client satisfaction and retention.

What critics are saying

  • The niche focus on alternative investments may limit iCapital's market appeal compared to more diversified financial service providers.
  • Integration challenges from acquisitions and partnerships could disrupt operations and affect service quality.

What makes iCapital Network unique

  • iCapital Network specializes in alternative investments, providing a curated selection of private equity, hedge funds, and real estate opportunities, unlike traditional financial service providers.
  • Their platform simplifies the complex process of investing in alternatives, making it more accessible and efficient for high net worth individuals and their advisors.
  • iCapital's strong emphasis on education and comprehensive support helps clients understand the benefits and risks associated with alternative investments, setting them apart from competitors.

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Benefits

COmprehensive benefits package - Salary, Equity, Annual Performance Bonus, Employer Matched Retirement Plan

Generally Subsidized Healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling

Unlimited PTO

Parental Leave

INACTIVE