Compensation Overview

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 $180 billion in global client assets invested in 1,441 funds, as of February 2024.

iCapital has been named to the Forbes Fintech 50 for seven consecutive years (2018-2023); a three-time selection by Forbes to its list of Best Startup Employers (2021-2023); and a three-time winner of MMI/Barron’s Solutions Provider award (See link below). 

About the Role

iCapital is looking to hire a Treasury Oversight Assistant Vice president to join the Client Operations and Support team. The team is responsible for supervising our private fund banking operations, including account openings and closings, maintenance of banking information within iCapital’s database and client-facing documentation, banking portal entitlement administration, reporting and assisting with the ongoing evaluation of our banking partners.  This role will be responsible for completing these deliverables under the supervision of the Vice President of the Treasury Oversight team.

Responsibilities

• Participate in meetings with Fund Origination, Legal, Fund Finance and other stakeholders to aid with selecting the appropriate banking partner for new products.
• Compile and submit documentation to ensure the timely opening and closing of private fund demand deposit and/or liquidity management accounts with iCapital’s global banking partners.
• Help review and administer banking portal entitlements for internal and external partners to ensure appropriateness of access.
• Maintain banking information within iCapital’s system of record and issuing and administrating client facing instructions.
• Compile and deliver daily, weekly, monthly and/or ad hoc reporting to summarize banking balances and activity including money market sweep and/or foreign currency programs, as applicable.
• Assist with the regular review of team processes to ensure documentation remains aligned to current practice as the group evolves.
• Support iCapital’s vendor management program by helping leadership gather information on each banking partner as may be required.
• May assist iCapital’s Fund Finance teams with cash reconciliations and/or researching payments.

Qualifications

• Degree in business administration, finance, accounting, or related field
• 6-10 years of total experience with at least 3 years’ experience in treasury operations, fund administration, accounting, audit and/or a related function. Familiar with private funds desired but not required
• Excellent verbal and written communication skills 
• Proven ability to multi-task and work both independently and as a collaborative team player in a fast-paced, demanding environment with a global management structure
• Attention to detail and proficiency reconciling large volumes of data
• Knowledge and experience with Microsoft Office Suite

Benefits

The base salary range for this role is $102,000 to $150,000.  iCapital offers a compensation package which includes salary, equity for all full-time employees, and 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, and virtual mental health counseling, parental leave, and unlimited 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 four days, with the flexibility to work remotely one day. Every department has different needs, and some positions will be designated in-office jobs, based on their function.

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us  Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/

 iCapital is proud to be an Equal Employment Opportunity and 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.